Triumph Financial, Inc. $TFIN Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,123 shares of the company’s stock after selling 1,385 shares during the period. Rhumbline Advisers owned 0.26% of Triumph Financial worth $3,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TFIN. Kayne Anderson Rudnick Investment Management LLC grew its position in Triumph Financial by 12.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company’s stock valued at $172,921,000 after acquiring an additional 330,165 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Triumph Financial by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 206,865 shares of the company’s stock valued at $11,957,000 after buying an additional 7,794 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in shares of Triumph Financial by 24.8% in the first quarter. Peregrine Capital Management LLC now owns 181,322 shares of the company’s stock valued at $10,480,000 after purchasing an additional 35,990 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in Triumph Financial by 16.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 165,914 shares of the company’s stock worth $9,590,000 after acquiring an additional 23,244 shares during the period. Finally, Investment Management Associates Inc. ADV grew its holdings in Triumph Financial by 19.2% during the first quarter. Investment Management Associates Inc. ADV now owns 115,902 shares of the company’s stock worth $6,699,000 after acquiring an additional 18,665 shares during the period. 91.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson boosted their target price on Triumph Financial from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.75.

Insider Buying and Selling

In other Triumph Financial news, CEO Aaron P. Graft sold 6,500 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $60.18, for a total transaction of $391,170.00. Following the transaction, the chief executive officer owned 144,558 shares of the company’s stock, valued at $8,699,500.44. This trade represents a 4.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Adam D. Nelson sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $60.39, for a total value of $211,365.00. Following the completion of the sale, the executive vice president directly owned 27,832 shares in the company, valued at approximately $1,680,774.48. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 5.58% of the stock is owned by company insiders.

Triumph Financial Stock Performance

Shares of NASDAQ:TFIN opened at $59.06 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $110.58. The firm has a market capitalization of $1.40 billion, a PE ratio of 134.23 and a beta of 1.29. The business has a 50-day moving average of $59.64 and a two-hundred day moving average of $58.09.

Triumph Financial (NASDAQ:TFIN) last posted its earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%.The business had revenue of $108.06 million during the quarter, compared to analyst estimates of $105.85 million. As a group, research analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

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.