Peregrine Capital Management LLC Has $12.38 Million Holdings in Triumph Financial, Inc. $TFIN

Peregrine Capital Management LLC boosted its position in shares of Triumph Financial, Inc. (NYSE:TFIN) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,608 shares of the company’s stock after acquiring an additional 14,340 shares during the period. Peregrine Capital Management LLC owned 0.83% of Triumph Financial worth $12,376,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TFIN. Royal Bank of Canada boosted its position in shares of Triumph Financial by 73.8% in the first quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock valued at $1,592,000 after acquiring an additional 11,694 shares during the period. AQR Capital Management LLC grew its position in Triumph Financial by 45.2% in the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock worth $333,000 after purchasing an additional 1,794 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Triumph Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after purchasing an additional 564 shares during the period. Norges Bank acquired a new position in shares of Triumph Financial during the second quarter valued at about $304,000. Finally, First Trust Advisors LP lifted its stake in shares of Triumph Financial by 59.8% in the second quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock valued at $1,334,000 after buying an additional 9,052 shares during the period. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Trading Up 8.1%

NYSE TFIN traded up $5.10 during trading hours on Thursday, reaching $68.02. 41,127 shares of the company’s stock were exchanged, compared to its average volume of 245,500. The business’s fifty day simple moving average is $59.88. Triumph Financial, Inc. has a one year low of $46.43 and a one year high of $77.84. The company has a market cap of $1.62 billion, a PE ratio of 57.61 and a beta of 1.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

Triumph Financial (NYSE:TFIN) last released its earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Triumph Financial had a return on equity of 4.00% and a net margin of 6.07%.The company had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $106.88 million. As a group, research analysts forecast that Triumph Financial, Inc. will post 1.72 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on TFIN shares. Zacks Research cut Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings raised Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, February 12th. B. Riley Financial reiterated a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a research note on Monday, January 12th. DA Davidson reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a report on Wednesday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $64.75.

Triumph Financial Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.