Charles Schwab Investment Management Inc. Acquires 7,794 Shares of Triumph Financial, Inc. $TFIN

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Triumph Financial by 3.9%, owning approximately 0.88% of the company worth about $11.96 million as of the latest SEC filing.
• Triumph Financial's stock price rose by 1.8% to $62.03, and the company reported a quarterly EPS of $0.15, exceeding expectations.
• DA Davidson updated its price target for Triumph Financial to $63.00 and currently, the stock has a consensus rating of "Hold" with a target price of $70.75.

Charles Schwab Investment Management Inc. lifted its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,865 shares of the company's stock after purchasing an additional 7,794 shares during the period. Charles Schwab Investment Management Inc. owned 0.88% of Triumph Financial worth $11,957,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Triumph Financial by 478.3% in the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock valued at $31,860,000 after buying an additional 289,955 shares during the last quarter. Northern Trust Corp raised its holdings in Triumph Financial by 7.6% in the 4th quarter. Northern Trust Corp now owns 227,875 shares of the company's stock valued at $20,709,000 after buying an additional 16,061 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in Triumph Financial by 24.8% in the 1st quarter. Peregrine Capital Management LLC now owns 181,322 shares of the company's stock valued at $10,480,000 after buying an additional 35,990 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Triumph Financial by 16.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 165,914 shares of the company's stock valued at $9,590,000 after buying an additional 23,244 shares during the last quarter. Finally, Investment Management Associates Inc. ADV raised its holdings in Triumph Financial by 19.2% in the 1st quarter. Investment Management Associates Inc. ADV now owns 115,902 shares of the company's stock valued at $6,699,000 after buying an additional 18,665 shares during the last quarter. 91.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Triumph Financial

In related news, 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 completion of the transaction, the chief executive officer owned 144,558 shares in the company, valued at approximately $8,699,500.44. This represents a 4.30% 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, EVP Adam D. Nelson sold 3,500 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $60.39, for a total value of $211,365.00. Following the transaction, the executive vice president directly owned 27,832 shares in the company, valued at $1,680,774.48. This represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by company insiders.

Triumph Financial Trading Down 0.1%

Shares of Triumph Financial stock traded down $0.09 on Friday, reaching $61.60. 143,302 shares of the company's stock were exchanged, compared to its average volume of 222,828. The company has a market capitalization of $1.46 billion, a P/E ratio of 139.99 and a beta of 1.29. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58. The firm's 50-day moving average is $59.22 and its two-hundred day moving average is $58.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.

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

Analyst Ratings Changes

Separately, DA Davidson increased 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 investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company 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.