Hodges Capital Management Inc. Reduces Position in 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 position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 47.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 77,300 shares of the company's stock after selling 71,135 shares during the period. Hodges Capital Management Inc. owned 0.33% of Triumph Financial worth $4,468,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its position in shares of Triumph Financial by 48.0% in the 1st quarter. CWM LLC now owns 589 shares of the company's stock worth $34,000 after purchasing an additional 191 shares during the period. GAMMA Investing LLC lifted its position in shares of Triumph Financial by 84.7% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after purchasing an additional 320 shares during the period. NBC Securities Inc. lifted its position in shares of Triumph Financial by 88,233.3% in the 1st quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock worth $153,000 after purchasing an additional 2,647 shares during the period. Titleist Asset Management LLC acquired a new position in shares of Triumph Financial in the 1st quarter worth approximately $231,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Triumph Financial in the 4th quarter worth approximately $237,000. Institutional investors and hedge funds own 91.11% of the company's stock.

Analysts Set New Price Targets

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 research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $70.75.

Triumph Financial Stock Up 1.9%

Shares of NASDAQ TFIN traded up $1.09 during trading on Wednesday, hitting $59.07. The stock had a trading volume of 25,250 shares, compared to its average volume of 220,251. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month 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. The company has a market capitalization of $1.40 billion, a PE ratio of 134.00 and a beta of 1.29. The firm has a fifty day moving average of $59.51 and a two-hundred day moving average of $58.09.

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

Insider Activity

In related news, EVP Adam D. Nelson sold 3,500 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $60.39, for a total transaction of $211,365.00. Following the completion of the transaction, the executive vice president owned 27,832 shares in the company, valued at approximately $1,680,774.48. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron P. Graft sold 6,500 shares of the stock in a transaction dated Friday, August 22nd. The shares were 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 approximately $8,699,500.44. The trade was a 4.30% decrease in their position. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by corporate insiders.

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.