Voya Investment Management LLC Sells 488 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Voya Investment Management LLC decreased its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,700 shares of the company’s stock after selling 488 shares during the period. Voya Investment Management LLC’s holdings in Triumph Financial were worth $609,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of Triumph Financial by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock valued at $51,000 after purchasing an additional 426 shares during the period. Blue Trust Inc. increased its stake in Triumph Financial by 43.4% in the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after buying an additional 204 shares in the last quarter. KBC Group NV raised its holdings in Triumph Financial by 51.9% during the fourth quarter. KBC Group NV now owns 1,212 shares of the company’s stock valued at $110,000 after acquiring an additional 414 shares during the period. Mechanics Bank Trust Department purchased a new position in shares of Triumph Financial in the fourth quarter valued at about $202,000. Finally, Cottonwood Capital Advisors LLC bought a new position in shares of Triumph Financial in the fourth quarter worth about $215,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

TFIN stock opened at $56.60 on Friday. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58. The firm has a market capitalization of $1.33 billion, a P/E ratio of 104.82 and a beta of 1.27. The company has a fifty day simple moving average of $55.79 and a two-hundred day simple moving average of $77.52. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. The company had revenue of $101.57 million during the quarter, compared to analysts’ expectations of $104.49 million. During the same quarter in the prior year, the business posted $0.14 EPS. Analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Activity at Triumph Financial

In other news, Director Harrison B. Barnes bought 1,000 shares of Triumph Financial stock in a transaction dated Tuesday, April 29th. The shares were acquired at an average price of $53.65 per share, with a total value of $53,650.00. Following the completion of the purchase, the director now owns 21,565 shares in the company, valued at $1,156,962.25. The trade was a 4.86 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Davis R. Deadman purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average cost of $53.50 per share, with a total value of $80,250.00. Following the completion of the purchase, the director now owns 10,220 shares in the company, valued at $546,770. This trade represents a 17.20 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,008 shares of company stock worth $208,380. Company insiders own 5.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TFIN. B. Riley reissued a “neutral” rating and issued a $55.00 price target (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods cut their target price on shares of Triumph Financial from $68.00 to $56.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. DA Davidson decreased their price target on shares of Triumph Financial from $68.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Finally, Stephens restated an “equal weight” rating and set a $109.00 price objective on shares of Triumph Financial in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, Triumph Financial currently has an average rating of “Hold” and a consensus price target of $68.20.

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.