Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV cut its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,237 shares of the company’s stock after selling 2,939 shares during the quarter. Triumph Financial makes up approximately 3.9% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 10th biggest position. Investment Management Associates Inc. ADV’s holdings in Triumph Financial were worth $8,837,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in shares of Triumph Financial by 1.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,156,330 shares of the company’s stock valued at $91,975,000 after purchasing an additional 13,510 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Triumph Financial by 1.7% in the third quarter. Geode Capital Management LLC now owns 518,112 shares of the company’s stock valued at $41,218,000 after buying an additional 8,609 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Triumph Financial by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 195,532 shares of the company’s stock valued at $15,553,000 after acquiring an additional 7,021 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in Triumph Financial by 42.3% during the 4th quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company’s stock worth $13,490,000 after acquiring an additional 44,100 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Triumph Financial by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 107,011 shares of the company’s stock worth $9,725,000 after acquiring an additional 3,219 shares in the last quarter. Institutional investors own 91.11% of the company’s stock.

Insider Activity at Triumph Financial

In related news, CEO Aaron P. Graft sold 13,500 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $106.36, for a total value of $1,435,860.00. Following the sale, the chief executive officer now owns 151,533 shares in the company, valued at $16,117,049.88. This represents a 8.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods restated an “underperform” rating and set a $80.00 target price (down previously from $85.00) on shares of Triumph Financial in a research report on Friday, January 24th. DA Davidson cut their price target on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Stephens reaffirmed an “equal weight” rating and set a $109.00 price objective on shares of Triumph Financial in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.20.

Triumph Financial Stock Performance

Shares of TFIN opened at $70.47 on Friday. The stock has a 50-day moving average of $84.48 and a 200-day moving average of $86.90. Triumph Financial, Inc. has a one year low of $66.85 and a one year high of $110.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $1.65 billion, a PE ratio of 130.50 and a beta of 1.22.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. On average, equities research analysts predict that Triumph Financial, Inc. will post 1.08 EPS 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.