Barrow Hanley Mewhinney & Strauss LLC Purchases New Shares in Triumph Financial, Inc. $TFIN

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 642,731 Triumph Financial shares worth approximately $49.0 million, giving it a 2.69% stake. Institutional investors collectively own 91.11% of the company.
• Analysts raised their price targets to between $82 and $88, but maintained mostly neutral ratings; the consensus rating remains Hold with an average target of $85.
• Triumph Financial reported quarterly EPS of $0.44, in line with estimates, while revenue of $120.24 million exceeded expectations. The stock opened at $74.85, compared with a 12-month range of $46.43 to $83.52.

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Triumph Financial, Inc. (NYSE:TFIN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 642,731 shares of the company's stock, valued at approximately $49,047,000. Barrow Hanley Mewhinney & Strauss LLC owned about 2.69% of Triumph Financial as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. M&T Bank Corp increased its stake in Triumph Financial by 235.5% during the fourth quarter. M&T Bank Corp now owns 40,628 shares of the company's stock worth $2,545,000 after acquiring an additional 28,519 shares during the last quarter. Investment Management Associates Inc. ADV lifted its stake in shares of Triumph Financial by 34.2% in the 4th quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company's stock valued at $21,304,000 after purchasing an additional 86,761 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Triumph Financial by 13.1% in the 1st quarter. Bank of America Corp DE now owns 460,088 shares of the company's stock worth $27,449,000 after purchasing an additional 53,399 shares during the period. Empirical Capital Management LLC purchased a new position in shares of Triumph Financial in the 4th quarter worth approximately $1,298,000. Finally, Royal Bank of Canada increased its position in shares of Triumph Financial by 48.8% during the 1st quarter. Royal Bank of Canada now owns 61,529 shares of the company's stock valued at $3,671,000 after purchasing an additional 20,180 shares during the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on TFIN shares. DA Davidson raised their price target on Triumph Financial from $65.00 to $82.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Triumph Financial in a research report on Friday, August 7th. B. Riley Financial increased their target price on shares of Triumph Financial from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Stephens raised their target price on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Triumph Financial from $78.00 to $88.00 and gave the stock a "market perform" rating in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $85.00.

Insider Transactions at Triumph Financial

In related news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $73.75, for a total transaction of $213,875.00. Following the completion of the sale, the executive vice president owned 15,534 shares in the company, valued at $1,145,632.50. This trade represents a 15.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam D. Nelson sold 3,750 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total transaction of $296,437.50. Following the completion of the transaction, the executive vice president owned 23,755 shares in the company, valued at $1,877,832.75. This represents a 13.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.51% of the company's stock.

Triumph Financial Stock Performance

TFIN stock opened at $74.85 on Monday. Triumph Financial, Inc. has a twelve month low of $46.43 and a twelve month high of $83.52. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 50.57 and a beta of 1.39. The business's fifty day simple moving average is $76.54 and its two-hundred day simple moving average is $68.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05.

Triumph Financial (NYSE:TFIN - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.44. The firm had revenue of $120.24 million during the quarter, compared to analyst estimates of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. Analysts predict that Triumph Financial, Inc. will post 1.93 earnings per share for the current year.

Triumph Financial Company Profile

Triumph Financial, Inc NYSE: TFIN is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.

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