Peregrine Capital Management LLC Boosts Holdings in Triumph Financial, Inc. $TFIN

Peregrine Capital Management LLC grew its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 16.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 183,268 shares of the company’s stock after acquiring an additional 25,963 shares during the period. Peregrine Capital Management LLC owned about 0.77% of Triumph Financial worth $9,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in shares of Triumph Financial by 101.0% during the third quarter. SG Americas Securities LLC now owns 7,099 shares of the company’s stock valued at $355,000 after buying an additional 3,567 shares during the period. Central Pacific Bank Trust Division grew its stake in Triumph Financial by 9.8% during the third quarter. Central Pacific Bank Trust Division now owns 6,157 shares of the company’s stock valued at $308,000 after acquiring an additional 552 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Triumph Financial by 296.1% during the 2nd quarter. Squarepoint Ops LLC now owns 31,000 shares of the company’s stock worth $1,708,000 after acquiring an additional 23,174 shares during the period. Public Sector Pension Investment Board lifted its stake in Triumph Financial by 8.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 75,727 shares of the company’s stock worth $4,173,000 after purchasing an additional 6,042 shares in the last quarter. Finally, Empirical Capital Management LLC bought a new position in Triumph Financial in the 2nd quarter valued at $2,480,000. Institutional investors own 91.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TFIN. Stephens upped their price target on shares of Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. B. Riley raised Triumph Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $70.00 in a report on Monday, October 20th. Finally, DA Davidson reissued a “neutral” rating and issued a $63.00 price target on shares of Triumph Financial in a research note on Thursday, October 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.00.

Triumph Financial Price Performance

TFIN opened at $68.23 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $58.81 and its 200 day simple moving average is $57.86. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 155.06 and a beta of 1.48. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $92.43.

Insiders Place Their Bets

In other Triumph Financial news, EVP Adam D. Nelson sold 3,000 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $65.18, for a total transaction of $195,540.00. Following the completion of the sale, the executive vice president owned 24,832 shares of the company’s stock, valued at $1,618,549.76. This represents a 10.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.58% of the stock is owned by insiders.

About Triumph Financial

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.