Kayne Anderson Rudnick Investment Management LLC Reduces Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Kayne Anderson Rudnick Investment Management LLC reduced its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,661,548 shares of the company's stock after selling 169,305 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 11.36% of Triumph Financial worth $241,881,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Precision Wealth Strategies LLC raised its holdings in Triumph Financial by 2.7% during the fourth quarter. Precision Wealth Strategies LLC now owns 5,354 shares of the company's stock worth $487,000 after buying an additional 141 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Triumph Financial by 4.3% in the fourth quarter. Federated Hermes Inc. now owns 3,578 shares of the company's stock valued at $325,000 after buying an additional 147 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Triumph Financial by 43.4% in the fourth quarter. Blue Trust Inc. now owns 674 shares of the company's stock valued at $61,000 after buying an additional 204 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of Triumph Financial by 2.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 12,326 shares of the company's stock valued at $1,120,000 after buying an additional 252 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Triumph Financial by 9.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,004 shares of the company's stock valued at $273,000 after buying an additional 270 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company's stock.

Insider Activity at Triumph Financial

In related news, Director Davis R. Deadman purchased 1,500 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average price of $53.50 per share, with a total value of $80,250.00. Following the acquisition, the director now owns 10,220 shares of the company's stock, valued at $546,770. This trade represents a 17.20% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Harrison B. Barnes acquired 1,000 shares of Triumph Financial stock in a transaction on Tuesday, April 29th. The shares were purchased at an average cost of $53.65 per share, with a total value of $53,650.00. Following the completion of the acquisition, the director now owns 21,565 shares of the company's stock, valued at $1,156,962.25. This trade represents a 4.86% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 4,008 shares of company stock valued at $208,380. 5.58% of the stock is owned by insiders.

Triumph Financial Stock Down 1.9%

NASDAQ TFIN traded down $1.14 on Wednesday, reaching $57.95. The company had a trading volume of 140,185 shares, compared to its average volume of 174,836. The stock has a market capitalization of $1.36 billion, a P/E ratio of 107.32 and a beta of 1.27. The company's fifty day moving average is $55.42 and its 200 day moving average is $74.63. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $110.58. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The company had revenue of $101.57 million during the quarter, compared to analysts' expectations of $104.49 million. Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. During the same period in the previous year, the company posted $0.14 earnings per share. Sell-side analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TFIN shares. Keefe, Bruyette & Woods dropped their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. B. Riley reaffirmed a "neutral" rating and issued a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. Finally, DA Davidson lowered their price target on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $68.20.

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.