Public Employees Retirement Association of Colorado Has $234,000 Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 60.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,863 shares of the company’s stock after selling 4,420 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Triumph Financial were worth $234,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of Triumph Financial by 108.3% during the second quarter. Envestnet Asset Management Inc. now owns 149,150 shares of the company’s stock worth $12,193,000 after acquiring an additional 77,546 shares in the last quarter. American Century Companies Inc. increased its holdings in Triumph Financial by 12.6% during the 2nd quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock worth $46,654,000 after purchasing an additional 63,760 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Triumph Financial by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock worth $157,382,000 after purchasing an additional 29,858 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Triumph Financial in the second quarter valued at approximately $2,126,000. Finally, Bares Capital Management Inc. boosted its position in shares of Triumph Financial by 10.7% during the fourth quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock valued at $20,545,000 after buying an additional 24,847 shares during the last quarter. 91.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson raised their price objective on Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Piper Sandler raised their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods cut shares of Triumph Financial from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $75.00 to $70.00 in a report on Friday, July 19th. Finally, Stephens reiterated an “equal weight” rating and issued a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th.

Triumph Financial Trading Up 1.6 %

Shares of Triumph Financial stock opened at $78.42 on Friday. The stock has a fifty day moving average price of $83.21 and a 200-day moving average price of $78.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $1.83 billion, a PE ratio of 59.86 and a beta of 1.20. Triumph Financial, Inc. has a 1 year low of $56.91 and a 1 year high of $95.46.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, July 17th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.13). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The company had revenue of $124.18 million during the quarter, compared to the consensus estimate of $103.43 million. During the same period in the prior year, the firm posted $0.29 EPS. Equities research analysts anticipate that Triumph Financial, Inc. will post 0.87 EPS for the current year.

Insider Activity at Triumph Financial

In other Triumph Financial news, EVP Adam D. Nelson sold 4,598 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the sale, the executive vice president now directly owns 32,285 shares of the company’s stock, valued at $2,817,511.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Adam D. Nelson sold 4,598 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $87.27, for a total transaction of $401,267.46. Following the completion of the transaction, the executive vice president now owns 32,285 shares in the company, valued at approximately $2,817,511.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Edward Joseph Schreyer sold 6,128 shares of Triumph Financial stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total value of $498,880.48. Following the completion of the sale, the chief operating officer now directly owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. The disclosure for this sale can be found here. 6.15% of the stock is owned by company insiders.

Triumph Financial Profile

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.