Kayne Anderson Rudnick Investment Management LLC Grows Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 258.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,630,607 shares of the company’s stock after purchasing an additional 1,896,348 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 11.26% of Triumph Financial worth $215,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Triumph Financial by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,974,578 shares of the company’s stock valued at $156,624,000 after acquiring an additional 11,722 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Triumph Financial by 7.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock valued at $93,425,000 after purchasing an additional 79,777 shares in the last quarter. Dimensional Fund Advisors LP lifted 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. American Century Companies Inc. grew its stake in shares of Triumph Financial by 12.6% during the second quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock worth $46,654,000 after purchasing an additional 63,760 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Triumph Financial by 3.2% in the fourth quarter. Wellington Management Group LLP now owns 568,882 shares of the company’s stock valued at $45,613,000 after buying an additional 17,380 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TFIN. Stephens reaffirmed an “equal weight” rating and set a $74.00 price target on shares of Triumph Financial in a report on Thursday, July 18th. Keefe, Bruyette & Woods downgraded Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $75.00 to $70.00 in a report on Friday, July 19th. DA Davidson increased their price target on shares of Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Piper Sandler boosted their price objective 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.

Insider Buying and Selling

In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of Triumph Financial 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 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 Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Adam D. Nelson sold 4,598 shares of the stock in a transaction dated 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 directly owns 32,285 shares of the company’s stock, valued at $2,817,511.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Edward Joseph Schreyer sold 6,128 shares of the firm’s stock in a transaction dated 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 owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. 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 %

NASDAQ:TFIN opened at $81.80 on Friday. The company has a market capitalization of $1.91 billion, a PE ratio of 62.44 and a beta of 1.20. Triumph Financial, Inc. has a 52-week low of $56.91 and a 52-week high of $95.46. The stock’s 50 day moving average price is $84.14 and its 200 day moving average price is $78.67. 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 (NASDAQ:TFIN) last announced its earnings results on Wednesday, July 17th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. The business had revenue of $124.18 million during the quarter, compared to analyst estimates of $103.43 million. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, research analysts anticipate that Triumph Financial, Inc. will post 0.87 EPS for the current year.

Triumph Financial 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.