Avantax Advisory Services Inc. Cuts Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Avantax Advisory Services Inc. decreased its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 8.8% in the fourth quarter, HoldingsChannel reports. The firm owned 12,756 shares of the company’s stock after selling 1,232 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Triumph Financial were worth $1,159,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC grew its position in shares of Triumph Financial by 5.9% during the fourth quarter. HighTower Advisors LLC now owns 6,539 shares of the company’s stock valued at $594,000 after purchasing an additional 362 shares in the last quarter. Amundi grew its position in shares of Triumph Financial by 185.0% during the fourth quarter. Amundi now owns 11,014 shares of the company’s stock valued at $967,000 after purchasing an additional 7,149 shares in the last quarter. M&T Bank Corp grew its position in shares of Triumph Financial by 7.1% during the fourth quarter. M&T Bank Corp now owns 13,784 shares of the company’s stock valued at $1,253,000 after purchasing an additional 913 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Triumph Financial by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,071 shares of the company’s stock valued at $18,092,000 after purchasing an additional 3,539 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Triumph Financial by 310.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock valued at $51,000 after acquiring an additional 426 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Stock Up 1.5 %

Shares of NASDAQ TFIN opened at $62.17 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $1.46 billion, a P/E ratio of 115.13 and a beta of 1.22. Triumph Financial, Inc. has a 1 year low of $58.22 and a 1 year high of $110.58. The firm has a 50-day simple moving average of $73.84 and a two-hundred day simple moving average of $84.38.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. Research analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TFIN shares. DA Davidson lowered their price target on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Keefe, Bruyette & Woods raised shares of Triumph Financial from an “underperform” rating to a “market perform” rating and lowered their price target for the company from $80.00 to $74.00 in a report on Thursday, February 27th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $79.00.

About Triumph Financial

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.