American Century Companies Inc. Has $46.65 Million Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

American Century Companies Inc. lifted its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 12.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 570,688 shares of the company’s stock after acquiring an additional 63,760 shares during the quarter. American Century Companies Inc. owned approximately 2.45% of Triumph Financial worth $46,654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. nVerses Capital LLC boosted its stake in shares of Triumph Financial by 200.0% during the second quarter. nVerses Capital LLC now owns 900 shares of the company’s stock valued at $74,000 after purchasing an additional 600 shares in the last quarter. Quest Partners LLC bought a new stake in Triumph Financial during the 4th quarter worth approximately $75,000. ProShare Advisors LLC increased its position in Triumph Financial by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,468 shares of the company’s stock valued at $354,000 after acquiring an additional 306 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Triumph Financial during the second quarter valued at $447,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Triumph Financial during the first quarter worth $443,000. Institutional investors own 91.11% of the company’s stock.

Insider Buying and Selling at Triumph Financial

In other news, COO Edward Joseph Schreyer sold 6,128 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total value of $498,880.48. Following the completion of the sale, the chief operating officer now directly owns 39,698 shares in the company, valued at approximately $3,231,814.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total value of $498,880.48. Following the transaction, the chief operating officer now owns 39,698 shares in the company, valued at $3,231,814.18. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Adam D. Nelson sold 4,598 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total value of $401,267.46. Following the sale, the executive vice president now owns 32,285 shares of the company’s stock, valued at approximately $2,817,511.95. The disclosure for this sale can be found here. Insiders own 6.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TFIN. Stephens reaffirmed an “equal weight” rating and set a $74.00 target price on shares of Triumph Financial in a research report on Thursday, July 18th. DA Davidson raised their price objective on Triumph Financial from $68.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods cut Triumph Financial from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $75.00 to $70.00 in a report on Friday, July 19th. Finally, Piper Sandler boosted their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Friday, July 19th.

Triumph Financial Trading Up 2.0 %

NASDAQ TFIN opened at $82.82 on Tuesday. Triumph Financial, Inc. has a one year low of $56.91 and a one year high of $95.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50 day simple moving average of $84.37 and a 200 day simple moving average of $78.50. The stock has a market capitalization of $1.93 billion, a P/E ratio of 63.22 and a beta of 1.20.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, July 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). The company had revenue of $124.18 million during the quarter, compared to the consensus estimate of $103.43 million. Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. During the same quarter in the prior year, the firm earned $0.29 EPS. Research analysts expect that Triumph Financial, Inc. will post 0.87 earnings per share for the current year.

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.