Kayne Anderson Rudnick Investment Management LLC Raises Position in Triumph Financial, Inc. $TFIN

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in Triumph Financial, Inc. by 12.4%, acquiring an additional 330,165 shares, and now owns 12.77% of the company, worth approximately $172.9 million.
• The company reported earnings of $0.15 per share in the last quarter, surpassing analysts' expectations of $0.04, with revenues totaling $108.06 million.
• DA Davidson raised their price target for Triumph Financial from $56 to $63, giving the stock a "neutral" rating, while analysts maintain an average target price of $70.75.

Kayne Anderson Rudnick Investment Management LLC boosted its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,991,713 shares of the company's stock after purchasing an additional 330,165 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 12.77% of Triumph Financial worth $172,921,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. CWM LLC lifted its stake in Triumph Financial by 48.0% in the first quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. GAMMA Investing LLC lifted its stake in Triumph Financial by 84.7% in the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after purchasing an additional 320 shares during the last quarter. NBC Securities Inc. lifted its stake in Triumph Financial by 88,233.3% in the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after purchasing an additional 2,647 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Triumph Financial in the fourth quarter valued at approximately $237,000. Finally, Precision Wealth Strategies LLC lifted its stake in Triumph Financial by 9.7% in the first quarter. Precision Wealth Strategies LLC now owns 5,871 shares of the company's stock valued at $339,000 after purchasing an additional 517 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.

Triumph Financial Stock Performance

Shares of NASDAQ:TFIN traded up $0.25 during trading on Wednesday, hitting $62.29. 221,443 shares of the company were exchanged, compared to its average volume of 223,787. The company has a market cap of $1.48 billion, a PE ratio of 141.58 and a beta of 1.29. The stock has a 50 day moving average of $58.78 and a 200 day moving average of $59.15. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week 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 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. The firm had revenue of $108.06 million for the quarter, compared to the consensus estimate of $105.85 million. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%. As a group, equities research analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling at Triumph Financial

In related news, CEO Aaron P. Graft sold 6,500 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $60.18, for a total value of $391,170.00. Following the sale, the chief executive officer owned 144,558 shares in the company, valued at approximately $8,699,500.44. This trade represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adam D. Nelson sold 3,500 shares of the stock in a transaction 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 owned 27,832 shares in the company, valued at $1,680,774.48. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.58% of the company's stock.

Analysts Set New Price Targets

Separately, DA Davidson upped their price objective on Triumph Financial from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Triumph Financial currently has a consensus rating of "Hold" and an average price target of $70.75.

About Triumph Financial

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.