Triumph Financial, Inc. $TFIN Position Reduced by Earnest Partners LLC

Key Points

• Earnest Partners LLC has cut its stake in Triumph Financial by 7.4%, now owning 103,188 shares worth approximately $5.96 million.
• DA Davidson raised the company's target price from $56.00 to $63.00, maintaining a "neutral" rating on the stock.
• Triumph Financial reported a quarterly earnings per share of $0.15, exceeding analysts' expectations of $0.04.

Earnest Partners LLC decreased its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 7.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,188 shares of the company's stock after selling 8,223 shares during the quarter. Earnest Partners LLC owned approximately 0.44% of Triumph Financial worth $5,964,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Rafferty Asset Management LLC lifted its stake in Triumph Financial by 7.5% in the 1st quarter. Rafferty Asset Management LLC now owns 26,209 shares of the company's stock worth $1,515,000 after purchasing an additional 1,831 shares in the last quarter. Comerica Bank grew its holdings in Triumph Financial by 3.5% during the 1st quarter. Comerica Bank now owns 7,903 shares of the company's stock valued at $457,000 after purchasing an additional 269 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Triumph Financial by 12.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company's stock valued at $172,921,000 after purchasing an additional 330,165 shares during the last quarter. AlphaQuest LLC bought a new position in Triumph Financial during the 1st quarter valued at about $362,000. Finally, Quantbot Technologies LP bought a new position in Triumph Financial during the 1st quarter valued at about $1,001,000. Hedge funds and other institutional investors own 91.11% of the company's stock.

Insiders Place Their Bets

In other Triumph Financial news, CEO Aaron P. Graft sold 6,500 shares of the firm's stock in a transaction on 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 directly owned 144,558 shares of the company's stock, valued at approximately $8,699,500.44. This trade represents a 4.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Adam D. Nelson sold 3,500 shares of the business's stock in a transaction dated Monday, August 25th. The stock was 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 in the company, valued at approximately $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 owned by corporate insiders.

Triumph Financial Stock Performance

TFIN traded down $1.05 on Tuesday, reaching $60.45. The stock had a trading volume of 32,170 shares, compared to its average volume of 221,645. The business's 50-day moving average price is $59.34 and its two-hundred day moving average price is $58.69. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58. The company has a market cap of $1.43 billion, a P/E ratio of 137.38 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly 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. The firm had revenue of $108.06 million for the quarter, compared to analyst estimates of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. Sell-side analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Analyst Ratings Changes

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

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.