HighTower Advisors LLC Acquires 902 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

HighTower Advisors LLC lifted its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 17.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,177 shares of the company’s stock after purchasing an additional 902 shares during the quarter. HighTower Advisors LLC’s holdings in Triumph Financial were worth $491,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in Triumph Financial by 258.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock valued at $215,052,000 after purchasing an additional 1,896,348 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Triumph Financial by 1.2% in the third quarter. Thrivent Financial for Lutherans now owns 1,156,330 shares of the company’s stock valued at $91,975,000 after purchasing an additional 13,510 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Triumph Financial by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,047,240 shares of the company’s stock worth $85,607,000 after purchasing an additional 8,541 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Triumph Financial by 1.0% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 881,323 shares of the company’s stock worth $72,048,000 after acquiring an additional 8,990 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Triumph Financial by 12.6% in the 2nd quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock valued at $46,654,000 after purchasing an additional 63,760 shares during the period. Institutional investors own 91.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TFIN. B. Riley restated a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. DA Davidson increased their price target on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, Triumph Financial currently has an average rating of “Hold” and an average target price of $71.60.

Triumph Financial Stock Up 0.6 %

Shares of NASDAQ TFIN opened at $91.50 on Friday. The stock has a 50-day moving average price of $96.56 and a two-hundred day moving average price of $86.51. Triumph Financial, Inc. has a 12 month low of $66.85 and a 12 month high of $110.58. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 117.31 and a beta of 1.21.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The business had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. During the same quarter in the previous year, the company posted $0.51 EPS. As a group, analysts forecast that Triumph Financial, Inc. will post 0.62 earnings per share for the current fiscal year.

Insider Activity

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the sale, the chief executive officer now owns 151,533 shares of the company’s stock, valued at approximately $16,117,049.88. This represents a 8.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.15% of the company’s stock.

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.