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

Earnest Partners LLC cut its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 125,895 shares of the company’s stock after selling 2,906 shares during the period. Earnest Partners LLC owned about 0.54% of Triumph Financial worth $10,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC increased its position in 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 acquiring an additional 600 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Triumph Financial during the 4th quarter valued at about $75,000. Profund Advisors LLC purchased a new stake in shares of Triumph Financial during the 2nd quarter valued at about $209,000. Federated Hermes Inc. lifted its stake in shares of Triumph Financial by 8.1% in the 2nd quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock worth $286,000 after purchasing an additional 264 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Triumph Financial in the second quarter worth approximately $350,000. 91.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Edward Joseph Schreyer sold 6,128 shares of the business’s 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 of the company’s stock, valued at approximately $3,231,814.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of Triumph Financial stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total value of $498,880.48. Following 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 legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Adam D. Nelson sold 4,598 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $87.27, for a total transaction of $401,267.46. Following the completion of the sale, 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. 6.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Shares of NASDAQ TFIN opened at $77.19 on Friday. The stock has a market cap of $1.80 billion, a PE ratio of 58.92 and a beta of 1.20. Triumph Financial, Inc. has a 1 year low of $56.91 and a 1 year high of $95.46. The firm has a fifty day moving average price of $83.37 and a 200-day moving average price of $78.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The business had revenue of $124.18 million during the quarter, compared to analysts’ expectations of $103.43 million. During the same quarter in the previous year, the company posted $0.29 EPS. Equities analysts anticipate that Triumph Financial, Inc. will post 0.87 earnings per share for the current fiscal year.

Triumph Financial Company 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.