Hodges Capital Management Inc. Sells 71,135 Shares of Triumph Financial, Inc. $TFIN

Key Points

• Hodges Capital Management Inc. reduced its holdings in Triumph Financial by 47.9%, selling 71,135 shares and leaving it with approximately 0.33% ownership valued at $4.47 million.
• In recent insider trading, CEO Aaron P. Graft and EVP Adam D. Nelson sold shares, decreasing their positions by 4.30% and 11.17%, respectively.
• Triumph Financial reported earnings per share (EPS) of $0.15 for the last quarter, exceeding analysts' expectations, and analysts predict an EPS of 1.08 for the current fiscal year.

Hodges Capital Management Inc. lowered its holdings in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 47.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,300 shares of the company's stock after selling 71,135 shares during the period. Hodges Capital Management Inc. owned approximately 0.33% of Triumph Financial worth $4,468,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new stake in Triumph Financial in the 1st quarter valued at about $332,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Triumph Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company's stock valued at $759,000 after buying an additional 564 shares in the last quarter. Eight 31 Financial LLC raised its position in shares of Triumph Financial by 8.6% in the 1st quarter. Eight 31 Financial LLC now owns 25,393 shares of the company's stock valued at $1,468,000 after buying an additional 2,016 shares in the last quarter. Curi RMB Capital LLC raised its position in shares of Triumph Financial by 7.5% in the 1st quarter. Curi RMB Capital LLC now owns 77,393 shares of the company's stock valued at $4,473,000 after buying an additional 5,371 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Triumph Financial by 45.2% in the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company's stock valued at $333,000 after buying an additional 1,794 shares in the last quarter. Institutional investors own 91.11% of the company's stock.

Insider Buying and Selling

In other Triumph Financial news, EVP Adam D. Nelson sold 3,500 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $60.39, for a total transaction of $211,365.00. Following the sale, the executive vice president directly owned 27,832 shares of the company's stock, valued at $1,680,774.48. The trade was a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aaron P. Graft sold 6,500 shares of the business's 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 sale, the chief executive officer directly owned 144,558 shares in the company, valued at $8,699,500.44. The trade was a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.58% of the stock is owned by corporate insiders.

Triumph Financial Price Performance

TFIN stock opened at $56.85 on Friday. The company has a 50 day simple moving average of $59.82 and a 200 day simple moving average of $58.36. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 129.20 and a beta of 1.29. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58. 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 (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.11. The business had revenue of $108.06 million during the quarter, compared to analysts' expectations of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. Research analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Triumph Financial 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.

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