Envestnet Asset Management Inc. Has $6.97 Million Holdings in Triumph Financial, Inc. $TFIN

Envestnet Asset Management Inc. decreased its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 139,220 shares of the company’s stock after selling 8,805 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Triumph Financial were worth $6,967,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Creekmur Asset Management LLC acquired a new stake in shares of Triumph Financial during the second quarter worth $55,000. AlphaQuest LLC bought a new stake in Triumph Financial during the third quarter valued at $56,000. Tower Research Capital LLC TRC grew its holdings in Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after acquiring an additional 195 shares during the period. Engineers Gate Manager LP bought a new position in shares of Triumph Financial in the 2nd quarter worth about $206,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Triumph Financial in the 2nd quarter valued at about $230,000. 91.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TFIN. Keefe, Bruyette & Woods raised their target price 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. B. Riley Financial restated a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a report on Monday, January 12th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Triumph Financial presently has a consensus rating of “Hold” and a consensus target price of $64.75.

Insider Activity

In related news, EVP Adam D. Nelson sold 3,000 shares of Triumph Financial stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $65.18, for a total value of $195,540.00. Following the completion of the sale, the executive vice president owned 24,832 shares of the company’s stock, valued at approximately $1,618,549.76. This trade represents a 10.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.58% of the stock is currently owned by corporate insiders.

Triumph Financial Stock Up 0.5%

Shares of NASDAQ:TFIN opened at $62.26 on Friday. 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, Inc. has a 52-week low of $42.90 and a 52-week high of $77.84. The business’s 50 day simple moving average is $65.59 and its two-hundred day simple moving average is $59.06. The firm has a market cap of $1.48 billion, a P/E ratio of 141.49 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.