Sei Investments Co. Sells 12,015 Shares of Triumph Financial, Inc. $TFIN

Sei Investments Co. trimmed its position in Triumph Financial, Inc. (NYSE:TFIN) by 10.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 97,815 shares of the company’s stock after selling 12,015 shares during the period. Sei Investments Co.’s holdings in Triumph Financial were worth $5,836,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of 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 acquiring an additional 155 shares during the period. Tower Research Capital LLC TRC lifted its stake in Triumph Financial by 9.3% in 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. Los Angeles Capital Management LLC bought a new position in Triumph Financial in the 4th quarter valued at $174,000. Maryland State Retirement & Pension System bought a new position in Triumph Financial in the 4th quarter valued at $206,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of Triumph Financial during the 4th quarter valued at $208,000. 91.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TFIN. B. Riley Financial upped their price target on shares of Triumph Financial from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Zacks Research cut Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. DA Davidson upped their target price on Triumph Financial from $65.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Stephens upped their target price on Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, Triumph Financial currently has an average rating of “Hold” and an average price target of $85.00.

Triumph Financial Trading Up 4.2%

Shares of Triumph Financial stock opened at $79.81 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. Triumph Financial, Inc. has a 1 year low of $46.43 and a 1 year high of $83.52. The firm has a market cap of $1.91 billion, a PE ratio of 53.93 and a beta of 1.39. The company has a 50 day simple moving average of $75.39 and a two-hundred day simple moving average of $67.39.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. Analysts expect that Triumph Financial, Inc. will post 1.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Todd Ritterbusch purchased 7,000 shares of the stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the transaction, the insider directly 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 acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the sale, the executive vice president directly owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This trade represents a 13.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.51% of the company’s stock.

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.