Earnest Partners LLC Reduces Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Earnest Partners LLC lessened its holdings in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,411 shares of the company's stock after selling 10,004 shares during the period. Earnest Partners LLC owned 0.48% of Triumph Financial worth $10,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in Triumph Financial by 310.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 563 shares of the company's stock valued at $51,000 after buying an additional 426 shares in the last quarter. Blue Trust Inc. grew its holdings in Triumph Financial by 43.4% during the fourth quarter. Blue Trust Inc. now owns 674 shares of the company's stock valued at $61,000 after purchasing an additional 204 shares during the period. KBC Group NV raised its position in shares of Triumph Financial by 51.9% during the fourth quarter. KBC Group NV now owns 1,212 shares of the company's stock worth $110,000 after purchasing an additional 414 shares during the period. Mechanics Bank Trust Department acquired a new position in Triumph Financial in the 4th quarter worth $202,000. Finally, Cottonwood Capital Advisors LLC acquired a new stake in shares of Triumph Financial in the fourth quarter valued at approximately $215,000. Institutional investors and hedge funds own 91.11% of the company's stock.

Insider Activity at Triumph Financial

In other Triumph Financial news, Director Harrison B. Barnes acquired 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were bought 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 directly owns 21,565 shares in the company, valued at $1,156,962.25. This represents a 4.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Davis R. Deadman acquired 1,500 shares of the business's stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost of $53.50 per share, for a total transaction of $80,250.00. Following the transaction, the director now owns 10,220 shares in the company, valued at approximately $546,770. The trade was a 17.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 4,008 shares of company stock valued at $208,380 over the last 90 days. 5.58% of the stock is owned by corporate insiders.

Triumph Financial Stock Up 0.2 %

Shares of Triumph Financial stock traded up $0.12 during trading on Friday, hitting $54.50. The company's stock had a trading volume of 200,591 shares, compared to its average volume of 169,093. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $1.28 billion, a PE ratio of 100.93 and a beta of 1.18. The company has a fifty day simple moving average of $56.84 and a two-hundred day simple moving average of $78.40.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. B. Riley reiterated a "neutral" rating and set a $55.00 price target (down previously from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. DA Davidson dropped their target price on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Stephens reissued an "equal weight" rating and issued a $109.00 price objective on shares of Triumph Financial in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods cut 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 report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat.com, Triumph Financial has a consensus rating of "Hold" and a consensus price target of $68.20.

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.