Ranger Investment Management L.P. Sells 8,250 Shares of Triumph Financial, Inc. $TFIN

Ranger Investment Management L.P. lessened its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 2.2% during the 3rd quarter, Holdings Channel reports. The firm owned 359,709 shares of the company’s stock after selling 8,250 shares during the quarter. Ranger Investment Management L.P.’s holdings in Triumph Financial were worth $18,000,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Marshall Wace LLP increased its position in shares of Triumph Financial by 130.2% during the 2nd quarter. Marshall Wace LLP now owns 303,374 shares of the company’s stock worth $16,719,000 after purchasing an additional 171,580 shares in the last quarter. Investment Management Associates Inc. ADV boosted its holdings in shares of Triumph Financial by 113.6% in the 2nd quarter. Investment Management Associates Inc. ADV now owns 247,580 shares of the company’s stock worth $13,644,000 after acquiring an additional 131,678 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Triumph Financial by 20.3% in the 2nd quarter. Bank of America Corp DE now owns 459,109 shares of the company’s stock worth $25,301,000 after acquiring an additional 77,390 shares in the last quarter. Empirical Capital Management LLC bought a new position in Triumph Financial in the 2nd quarter valued at $2,480,000. Finally, Financial Gravity Companies Inc. acquired a new position in Triumph Financial in the second quarter worth $2,290,000. Institutional investors own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. B. Riley reiterated a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a research report on Monday, January 12th. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research note on Thursday, January 29th. Stephens increased their price target on shares of Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a research note on Friday, October 17th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Four investment 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 $64.75.

Triumph Financial Stock Down 1.5%

Shares of NASDAQ:TFIN opened at $66.56 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 149.61 and a beta of 1.52. The company has a 50 day moving average of $64.42 and a 200-day moving average of $58.72. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $79.07.

Insider Buying and Selling

In other Triumph Financial news, EVP Adam D. Nelson sold 3,000 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $65.18, for a total transaction of $195,540.00. Following the completion of the sale, the executive vice president owned 24,832 shares in the company, valued at approximately $1,618,549.76. The trade was a 10.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.58% of the company’s stock.

Triumph Financial Company Profile

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.