Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Earnest Partners LLC

Earnest Partners LLC trimmed its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,411 shares of the company’s stock after selling 10,004 shares during the quarter. Earnest Partners LLC owned approximately 0.48% of Triumph Financial worth $10,125,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TFIN. Barclays PLC raised its holdings in shares of Triumph Financial by 88.8% in the third quarter. Barclays PLC now owns 51,325 shares of the company’s stock worth $4,082,000 after acquiring an additional 24,144 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Triumph Financial by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company’s stock worth $1,530,000 after acquiring an additional 536 shares during the last quarter. Mechanics Bank Trust Department acquired a new position in shares of Triumph Financial in the fourth quarter worth $202,000. Janney Montgomery Scott LLC raised its holdings in shares of Triumph Financial by 27.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,564 shares of the company’s stock worth $324,000 after acquiring an additional 767 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC acquired a new position in shares of Triumph Financial in the fourth quarter worth $215,000. 91.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Triumph Financial

In related news, Director Debra A. Bradford bought 1,508 shares of the firm’s stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of $49.39 per share, with a total value of $74,480.12. Following the completion of the transaction, the director now directly owns 3,348 shares of the company’s stock, valued at approximately $165,357.72. This represents a 81.96 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.58% of the stock is owned by company insiders.

Triumph Financial Price Performance

TFIN stock opened at $52.65 on Monday. The stock has a 50-day moving average price of $58.35 and a two-hundred day moving average price of $79.28. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.23 billion, a PE ratio of 97.50 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. The firm had revenue of $101.57 million for the quarter, compared to analysts’ expectations of $104.49 million. During the same period last year, the firm posted $0.14 EPS. As a group, research analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TFIN shares. Keefe, Bruyette & Woods cut their price target on Triumph Financial from $68.00 to $56.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Stephens reiterated an “equal weight” rating and issued a $109.00 target price on shares of Triumph Financial in a research note on Thursday, January 23rd. B. Riley reiterated a “neutral” rating and issued a $55.00 target price (down from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. Finally, DA Davidson dropped their target price on Triumph Financial from $68.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.20.

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.