AltraVue Capital LLC Acquires 10,450 Shares of Triumph Financial, Inc. $TFIN

AltraVue Capital LLC boosted its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,242,159 shares of the company’s stock after acquiring an additional 10,450 shares during the period. Triumph Financial makes up approximately 5.2% of AltraVue Capital LLC’s investment portfolio, making the stock its 8th largest holding. AltraVue Capital LLC owned 5.23% of Triumph Financial worth $62,158,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TFIN. Diamond Hill Capital Management Inc. grew its position in shares of Triumph Financial by 132.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock valued at $18,112,000 after purchasing an additional 206,010 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Triumph Financial during the 3rd quarter worth approximately $823,000. New York State Common Retirement Fund lifted its stake in Triumph Financial by 42.0% in the second quarter. New York State Common Retirement Fund now owns 106,511 shares of the company’s stock valued at $5,870,000 after buying an additional 31,490 shares in the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Triumph Financial by 16.5% in the third quarter. Peregrine Capital Management LLC now owns 183,268 shares of the company’s stock valued at $9,171,000 after buying an additional 25,963 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Triumph Financial by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 148,025 shares of the company’s stock valued at $8,158,000 after buying an additional 7,635 shares during the period. 91.11% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Adam D. Nelson sold 3,000 shares of Triumph Financial stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $65.18, for a total value of $195,540.00. Following the sale, the executive vice president owned 24,832 shares of the company’s stock, valued at approximately $1,618,549.76. The trade was a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TFIN. Keefe, Bruyette & Woods raised their price objective on shares of Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. DA Davidson reissued a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a research note on Thursday, January 29th. Finally, B. Riley Financial restated a “neutral” rating and issued a $70.00 price target on shares of Triumph Financial in a report on Monday, January 12th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.75.

Triumph Financial Stock Up 7.4%

Triumph Financial stock opened at $61.59 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 1-year low of $42.90 and a 1-year high of $77.84. The company has a fifty day simple moving average of $64.81 and a 200 day simple moving average of $59.31. The company has a market cap of $1.47 billion, a P/E ratio of 139.98 and a beta of 1.52.

About Triumph Financial

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.