Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lowered its stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 14.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,088 shares of the company's stock after selling 26,840 shares during the period. Peregrine Capital Management LLC owned about 0.67% of Triumph Financial worth $12,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TFIN. BlackRock Inc. acquired a new stake in Triumph Financial in the 2nd quarter valued at about $199,460,000. State Street Corp acquired a new stake in Triumph Financial in the 2nd quarter valued at about $71,738,000. Geode Capital Management LLC purchased a new position in shares of Triumph Financial in the 2nd quarter valued at about $27,136,000. Ranger Investment Management L.P. purchased a new position in shares of Triumph Financial in the 2nd quarter valued at about $25,010,000. Finally, Northern Trust Corp purchased a new position in shares of Triumph Financial in the 2nd quarter valued at about $13,428,000. Institutional investors and hedge funds own 91.11% of the company's stock.

Insider Buying and Selling

In related news, COO Edward Joseph Schreyer sold 12,820 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $72.43, for a total transaction of $928,552.60. Following the transaction, the chief operating officer now owns 50,939 shares in the company, valued at approximately $3,689,511.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler downgraded Triumph Financial from a "neutral" rating to an "underweight" rating and increased their price objective for the company from $64.00 to $67.00 in a report on Monday, February 12th. Stephens dropped their price objective on Triumph Financial from $79.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods increased their price objective on Triumph Financial from $61.00 to $68.00 and gave the company a "market perform" rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $66.20.

Triumph Financial Stock Performance

NASDAQ:TFIN traded up $1.15 during mid-day trading on Tuesday, reaching $79.05. 64,618 shares of the stock were exchanged, compared to its average volume of 140,241. The company has a 50 day simple moving average of $75.87 and a 200-day simple moving average of $71.70. The stock has a market capitalization of $1.84 billion, a P/E ratio of 49.00 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 1 year low of $46.67 and a 1 year high of $82.22.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $106.15 million for the quarter, compared to analysts' expectations of $106.81 million. Triumph Financial had a return on equity of 5.14% and a net margin of 8.69%. Analysts anticipate that Triumph Financial, Inc. will post 1.96 earnings per share for the current fiscal year.

About Triumph Financial

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.