Sei Investments Co. Has $7.36 Million Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Sei Investments Co. boosted its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 96.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,974 shares of the company’s stock after buying an additional 44,233 shares during the quarter. Sei Investments Co. owned approximately 0.39% of Triumph Financial worth $7,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Triumph Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock worth $157,382,000 after purchasing an additional 29,858 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of Triumph Financial in the second quarter valued at approximately $720,000. Bares Capital Management Inc. grew its stake in shares of Triumph Financial by 10.7% in the fourth quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock worth $20,545,000 after acquiring an additional 24,847 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in Triumph Financial during the first quarter worth $988,000. Finally, American Century Companies Inc. raised its stake in Triumph Financial by 12.6% during the 2nd quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock valued at $46,654,000 after purchasing an additional 63,760 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Analysts Set New Price Targets

TFIN has been the topic of several research analyst reports. Piper Sandler raised their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Friday, July 19th. DA Davidson raised their price objective on Triumph Financial from $68.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods cut Triumph Financial from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $75.00 to $70.00 in a research report on Friday, July 19th. Finally, Stephens reissued an “equal weight” rating and issued a $74.00 price target on shares of Triumph Financial in a report on Thursday, July 18th.

Triumph Financial Trading Up 1.6 %

Shares of TFIN opened at $78.42 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.83 billion, a PE ratio of 59.86 and a beta of 1.20. Triumph Financial, Inc. has a 1 year low of $56.91 and a 1 year high of $95.46. The stock has a 50 day simple moving average of $83.21 and a 200-day simple moving average of $78.87.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. The company had revenue of $124.18 million for the quarter, compared to the consensus estimate of $103.43 million. During the same period in the previous year, the business posted $0.29 earnings per share. On average, sell-side analysts predict that Triumph Financial, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity at Triumph Financial

In other news, EVP Adam D. Nelson sold 4,598 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total transaction of $401,267.46. Following the completion of the sale, the executive vice president now owns 32,285 shares of the company’s stock, valued at $2,817,511.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total value of $498,880.48. Following the transaction, the chief operating officer now owns 39,698 shares of the company’s stock, valued at $3,231,814.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Adam D. Nelson sold 4,598 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following the sale, the executive vice president now owns 32,285 shares in the company, valued at approximately $2,817,511.95. The disclosure for this sale can be found here. 6.15% of the stock is currently owned by insiders.

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.