State of Alaska Department of Revenue Purchases 1,048 Shares of Triumph Financial, Inc. $TFIN

State of Alaska Department of Revenue boosted its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,221 shares of the company’s stock after purchasing an additional 1,048 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Triumph Financial worth $728,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TFIN. CWM LLC grew its holdings in Triumph Financial by 48.0% during the 1st quarter. CWM LLC now owns 589 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. GAMMA Investing LLC grew its holdings in Triumph Financial by 84.7% during the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock valued at $40,000 after purchasing an additional 320 shares during the last quarter. NBC Securities Inc. grew its holdings in Triumph Financial by 88,233.3% during the 1st quarter. NBC Securities Inc. now owns 2,650 shares of the company’s stock valued at $153,000 after purchasing an additional 2,647 shares during the last quarter. Titleist Asset Management LLC purchased a new stake in Triumph Financial in the 1st quarter valued at about $231,000. Finally, Central Pacific Bank Trust Division boosted its position in Triumph Financial by 26.9% in the 2nd quarter. Central Pacific Bank Trust Division now owns 5,605 shares of the company’s stock valued at $309,000 after buying an additional 1,187 shares during the period. 91.11% of the stock is currently owned by institutional investors.

Insider Activity at Triumph Financial

In other news, CEO Aaron P. Graft sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $60.18, for a total value of $391,170.00. Following the completion of the sale, the chief executive officer owned 144,558 shares of the company’s stock, valued at approximately $8,699,500.44. This represents a 4.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam D. Nelson sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $60.39, for a total transaction of $211,365.00. Following the completion of the sale, the executive vice president directly owned 27,832 shares of the company’s stock, valued at $1,680,774.48. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by corporate insiders.

Triumph Financial Price Performance

Shares of TFIN opened at $48.35 on Wednesday. The company has a 50 day moving average price of $56.25 and a 200-day moving average price of $57.10. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58. The stock has a market capitalization of $1.15 billion, a PE ratio of 109.90 and a beta of 1.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. The firm had revenue of $108.06 million during the quarter, compared to analysts’ expectations of $105.85 million. Equities analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson boosted their price objective on shares of Triumph Financial from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Triumph Financial has a consensus rating of “Hold” and a consensus price target of $70.75.

Triumph Financial Company 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.