Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,882 shares of the company’s stock after selling 3,777 shares during the quarter. Wells Fargo & Company MN’s holdings in Triumph Financial were worth $21,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TFIN. JPMorgan Chase & Co. increased its holdings in Triumph Financial by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company’s stock worth $1,530,000 after acquiring an additional 536 shares in the last quarter. US Bancorp DE grew its position in shares of Triumph Financial by 2.5% in the fourth quarter. US Bancorp DE now owns 13,425 shares of the company’s stock valued at $1,220,000 after purchasing an additional 322 shares during the period. Barclays PLC increased its stake in shares of Triumph Financial by 88.8% during the third quarter. Barclays PLC now owns 51,325 shares of the company’s stock worth $4,082,000 after purchasing an additional 24,144 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Triumph Financial during the 4th quarter worth about $445,000. Finally, HighTower Advisors LLC raised its position in shares of Triumph Financial by 17.1% during the 3rd quarter. HighTower Advisors LLC now owns 6,177 shares of the company’s stock worth $491,000 after purchasing an additional 902 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TFIN shares. Keefe, Bruyette & Woods raised Triumph Financial from an “underperform” rating to a “market perform” rating and reduced their target price for the company from $80.00 to $74.00 in a report on Thursday, February 27th. DA Davidson dropped their price target on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Stephens restated an “equal weight” rating and issued a $109.00 price objective on shares of Triumph Financial in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, Triumph Financial presently has a consensus rating of “Hold” and a consensus price target of $79.00.

Triumph Financial Trading Down 0.8 %

Shares of Triumph Financial stock opened at $49.00 on Friday. Triumph Financial, Inc. has a 1-year low of $46.81 and a 1-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 stock has a market cap of $1.15 billion, a P/E ratio of 90.74 and a beta of 1.18. The stock’s 50 day simple moving average is $63.39 and its 200-day simple moving average is $81.09.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. 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.