Thrivent Financial for Lutherans Sells 106,546 Shares of Triumph Financial, Inc. $TFIN

Thrivent Financial for Lutherans lessened its position in shares of Triumph Financial, Inc. (NYSE:TFIN) by 7.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,376,855 shares of the company’s stock after selling 106,546 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Triumph Financial worth $86,232,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after purchasing an additional 155 shares in the last quarter. Fifth Third Bancorp increased its holdings in Triumph Financial by 85.4% during the 3rd quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after purchasing an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Triumph Financial by 66.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $26,000 after purchasing an additional 209 shares in the last quarter. AlphaQuest LLC bought a new position in Triumph Financial during the 3rd quarter worth about $56,000. Finally, Tower Research Capital LLC TRC increased its holdings in Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after purchasing an additional 195 shares in the last quarter. Institutional investors own 91.11% of the company’s stock.

Insider Buying and Selling

In other Triumph Financial news, insider Todd Ritterbusch purchased 7,000 shares of Triumph Financial stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the acquisition, the insider owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This trade represents a 44.29% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.51% of the company’s stock.

Triumph Financial Price Performance

Shares of NYSE TFIN opened at $61.61 on Friday. The company has a market cap of $1.47 billion, a PE ratio of 51.77 and a beta of 1.40. The firm has a 50-day moving average of $61.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. Triumph Financial, Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $77.84.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. On average, sell-side analysts expect that Triumph Financial, Inc. will post 1.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TFIN shares. Zacks Research cut Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Keefe, Bruyette & Woods raised their price objective on Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded Triumph Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. DA Davidson restated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a report on Wednesday, April 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $64.75.

About Triumph Financial

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.