Earnest Partners LLC Has $5.96 Million Stake in Triumph Financial, Inc. $TFIN

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 stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 7.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 103,188 shares of the company's stock after selling 8,223 shares during the quarter. Earnest Partners LLC owned 0.44% of Triumph Financial worth $5,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TFIN. First Trust Advisors LP boosted its position in Triumph Financial by 10.7% during the fourth quarter. First Trust Advisors LP now owns 15,648 shares of the company's stock valued at $1,422,000 after purchasing an additional 1,513 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Triumph Financial by 7.6% in the fourth quarter. MetLife Investment Management LLC now owns 13,320 shares of the company's stock valued at $1,211,000 after buying an additional 946 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Triumph Financial by 2.1% during the fourth quarter. Stifel Financial Corp now owns 38,078 shares of the company's stock valued at $3,461,000 after acquiring an additional 785 shares during the period. Hsbc Holdings PLC grew its stake in shares of Triumph Financial by 185.4% during the fourth quarter. Hsbc Holdings PLC now owns 7,571 shares of the company's stock worth $690,000 after purchasing an additional 4,918 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Triumph Financial by 14.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,198 shares of the company's stock worth $1,291,000 after buying an additional 1,750 shares during the period. Institutional investors and hedge funds own 91.11% of the company's stock.

Wall Street Analyst Weigh In

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

Triumph Financial Stock Performance

Shares of Triumph Financial stock traded down $0.09 during trading on Monday, reaching $61.60. The company's stock had a trading volume of 143,302 shares, compared to its average volume of 222,828. The business's 50-day moving average price is $59.22 and its 200-day moving average price is $58.76. The firm has a market cap of $1.46 billion, a PE 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 company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.

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

Insider Transactions at Triumph Financial

In other Triumph Financial 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 sale, the chief executive officer directly owned 144,558 shares in the company, valued at $8,699,500.44. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Adam D. Nelson sold 3,500 shares of the 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 owned 27,832 shares in the company, valued at $1,680,774.48. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.58% of the company's stock.

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.