Triumph Financial, Inc. (NASDAQ:TFIN) Stock Position Lifted by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 881,323 shares of the company’s stock after purchasing an additional 8,990 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.77% of Triumph Financial worth $72,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Triumph Financial by 258.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock valued at $215,052,000 after buying an additional 1,896,348 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Triumph Financial by 7.5% during the second quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock valued at $93,425,000 after acquiring an additional 79,777 shares during the period. Sei Investments Co. raised its holdings in Triumph Financial by 96.7% during the second quarter. Sei Investments Co. now owns 89,974 shares of the company’s stock worth $7,355,000 after purchasing an additional 44,233 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Triumph Financial in the second quarter worth approximately $350,000. Finally, Dimensional Fund Advisors LP boosted its stake in Triumph Financial by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,047,240 shares of the company’s stock valued at $85,607,000 after purchasing an additional 8,541 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TFIN. Keefe, Bruyette & Woods downgraded Triumph Financial from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $75.00 to $70.00 in a research note on Friday, July 19th. DA Davidson boosted their price target on shares of Triumph Financial from $68.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Piper Sandler raised their price objective on shares of Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, July 19th. Finally, Stephens reiterated an “equal weight” rating and issued a $74.00 target price on shares of Triumph Financial in a report on Thursday, July 18th.

Insiders Place Their Bets

In other news, EVP Adam D. Nelson sold 4,598 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the sale, the executive vice president now owns 32,285 shares in the company, valued at $2,817,511.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Edward Joseph Schreyer sold 6,128 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total transaction 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 $3,231,814.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adam D. Nelson sold 4,598 shares of the company’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 transaction of $401,267.46. Following the completion of the transaction, the executive vice president now owns 32,285 shares in the company, valued at approximately $2,817,511.95. The disclosure for this sale can be found here. Corporate insiders own 6.15% of the company’s stock.

Triumph Financial Trading Down 2.6 %

Shares of NASDAQ TFIN opened at $81.80 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 12 month low of $56.91 and a 12 month high of $95.46. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 62.44 and a beta of 1.20. The business has a fifty day simple moving average of $84.14 and a 200-day simple moving average of $78.70.

Triumph Financial (NASDAQ:TFIN) last announced its earnings results on Wednesday, July 17th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.13). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The firm had revenue of $124.18 million during the quarter, compared to analyst estimates of $103.43 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. Sell-side analysts predict that Triumph Financial, Inc. will post 0.87 EPS 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.