Investment Management Associates Inc. ADV Trims Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Investment Management Associates Inc. ADV trimmed its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,176 shares of the company's stock after selling 6,647 shares during the quarter. Triumph Financial makes up 3.1% of Investment Management Associates Inc. ADV's holdings, making the stock its 15th largest position. Investment Management Associates Inc. ADV owned about 0.43% of Triumph Financial worth $7,968,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of Triumph Financial by 43.7% in the 3rd quarter. US Bancorp DE now owns 13,103 shares of the company's stock worth $1,042,000 after purchasing an additional 3,987 shares during the period. Sippican Capital Advisors raised its position in shares of Triumph Financial by 1.8% in the third quarter. Sippican Capital Advisors now owns 39,948 shares of the company's stock valued at $3,177,000 after purchasing an additional 718 shares during the period. Tectonic Advisors LLC grew its stake in Triumph Financial by 3.7% during the third quarter. Tectonic Advisors LLC now owns 22,716 shares of the company's stock valued at $1,807,000 after acquiring an additional 809 shares in the last quarter. Precision Wealth Strategies LLC purchased a new position in Triumph Financial in the 3rd quarter worth approximately $415,000. Finally, Blue Trust Inc. raised its stake in shares of Triumph Financial by 122.7% during the third quarter. Blue Trust Inc. now owns 470 shares of the company's stock worth $38,000 after acquiring an additional 259 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company's stock.

Analyst Upgrades and Downgrades

TFIN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut shares of Triumph Financial from a "market perform" rating to an "underperform" rating and lowered their price target for the company from $75.00 to $70.00 in a research report on Friday, July 19th. DA Davidson upped their target price on shares of Triumph Financial from $74.00 to $84.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. B. Riley restated a "neutral" rating and issued a $65.00 target price on shares of Triumph Financial in a research note on Wednesday, October 2nd. Stephens reissued an "equal weight" rating and set a $74.00 target price on shares of Triumph Financial in a research report on Thursday, July 18th. Finally, Piper Sandler boosted their price objective on Triumph Financial from $60.00 to $65.00 and gave the company an "underweight" rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell 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 a consensus target price of $71.60.

Triumph Financial Price Performance

Shares of TFIN stock traded up $3.00 during mid-day trading on Tuesday, hitting $103.08. 166,115 shares of the stock traded hands, compared to its average volume of 156,748. The company's 50-day simple moving average is $83.37 and its 200-day simple moving average is $81.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 128.31 and a beta of 1.18. Triumph Financial, Inc. has a twelve month low of $64.05 and a twelve month high of $103.12.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The company had revenue of $125.57 million during the quarter, compared to the consensus estimate of $106.29 million. During the same quarter last year, the company earned $0.51 EPS. As a group, equities research analysts expect that Triumph Financial, Inc. will post 0.62 earnings per share for the current 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.