Peregrine Capital Management LLC Has $12.38 Million Holdings in Triumph Financial, Inc. $TFIN

Peregrine Capital Management LLC increased its position in Triumph Financial, Inc. (NYSE:TFIN) by 7.8% during the fourth quarter, Holdings Channel reports. The firm owned 197,608 shares of the company’s stock after buying an additional 14,340 shares during the quarter. Peregrine Capital Management LLC’s holdings in Triumph Financial were worth $12,376,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Triumph Financial by 73.8% in the first quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock valued at $1,592,000 after purchasing an additional 11,694 shares during the last quarter. AQR Capital Management LLC lifted its position in Triumph Financial by 45.2% during the first quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock worth $333,000 after purchasing an additional 1,794 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Triumph Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after acquiring an additional 564 shares in the last quarter. Norges Bank bought a new position in shares of Triumph Financial in the 2nd quarter valued at $304,000. Finally, First Trust Advisors LP raised its stake in Triumph Financial by 59.8% during the second quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock worth $1,334,000 after acquiring an additional 9,052 shares in the last quarter. 91.11% of the stock is owned by institutional investors.

Triumph Financial Trading Up 8.1%

NYSE TFIN traded up $5.10 on Thursday, hitting $68.02. 41,127 shares of the company were exchanged, compared to its average volume of 245,500. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $1.62 billion, a P/E ratio of 57.61 and a beta of 1.43. The stock’s fifty day moving average is $59.88. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $77.84.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 4.00%. The company had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. On average, analysts expect that Triumph Financial, Inc. will post 1.72 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on TFIN shares. Zacks Research downgraded Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Wall Street Zen raised Triumph Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings upgraded Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, February 12th. DA Davidson reissued a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price objective on Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Triumph Financial has an average rating of “Hold” and an average price target of $64.75.

Triumph Financial Company Profile

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.