Kayne Anderson Rudnick Investment Management LLC Sells 169,305 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 11.38% of Triumph Financial worth $241,881,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TFIN. JPMorgan Chase & Co. lifted its holdings in shares of Triumph Financial by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company's stock valued at $1,530,000 after buying an additional 536 shares during the period. US Bancorp DE increased its position in Triumph Financial by 2.5% during the fourth quarter. US Bancorp DE now owns 13,425 shares of the company's stock valued at $1,220,000 after acquiring an additional 322 shares during the last quarter. Barclays PLC lifted its holdings in Triumph Financial by 88.8% in the third quarter. Barclays PLC now owns 51,325 shares of the company's stock valued at $4,082,000 after acquiring an additional 24,144 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Triumph Financial in the fourth quarter worth about $445,000. Finally, HighTower Advisors LLC grew its stake in shares of Triumph Financial by 17.1% during the 3rd quarter. HighTower Advisors LLC now owns 6,177 shares of the company's stock valued at $491,000 after purchasing an additional 902 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Debra A. Bradford bought 1,508 shares of Triumph Financial stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of $49.39 per share, with a total value of $74,480.12. Following the completion of the acquisition, the director now owns 3,348 shares of the company's stock, valued at $165,357.72. This trade represents a 81.96 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. DA Davidson lowered their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday. Stephens reiterated an "equal weight" rating and issued a $109.00 price target on shares of Triumph Financial in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods cut their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research report on Monday. Finally, B. Riley reaffirmed a "neutral" rating and issued a $55.00 target price (down from $65.00) on shares of Triumph Financial in a report on Wednesday. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $68.20.

Triumph Financial Price Performance

Shares of TFIN traded up $1.24 during trading hours on Friday, reaching $53.18. 125,792 shares of the stock traded hands, compared to its average volume of 166,453. The company has a market cap of $1.25 billion, a P/E ratio of 98.47 and a beta of 1.18. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company's 50-day moving average price is $58.75 and its two-hundred day moving average price is $79.40. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $110.58.

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

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.