Triumph Financial, Inc. $TFIN Shares Sold by First Dallas Securities Inc.

First Dallas Securities Inc. trimmed its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 34.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,275 shares of the company’s stock after selling 2,250 shares during the period. First Dallas Securities Inc.’s holdings in Triumph Financial were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Triumph Financial by 12.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company’s stock worth $172,921,000 after buying an additional 330,165 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Triumph Financial by 478.3% during the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company’s stock worth $31,860,000 after acquiring an additional 289,955 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Triumph Financial during the 1st quarter worth about $3,409,000. Dark Forest Capital Management LP grew its position in shares of Triumph Financial by 1,228.5% during the 1st quarter. Dark Forest Capital Management LP now owns 59,875 shares of the company’s stock valued at $3,461,000 after acquiring an additional 55,368 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Triumph Financial by 10,573.0% during the 1st quarter. GAMMA Investing LLC now owns 40,344 shares of the company’s stock valued at $2,332,000 after acquiring an additional 39,966 shares during the period. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Adam D. Nelson sold 3,500 shares of Triumph Financial stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $60.39, for a total value of $211,365.00. Following the sale, the executive vice president directly owned 27,832 shares of the company’s stock, valued at $1,680,774.48. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Aaron P. Graft sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $60.18, for a total value of $391,170.00. Following the sale, the chief executive officer owned 144,558 shares of the company’s stock, valued at $8,699,500.44. The trade was a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.58% of the stock is owned by corporate insiders.

Triumph Financial Stock Down 0.6%

Shares of NASDAQ TFIN opened at $63.79 on Monday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 144.97 and a beta of 1.29. The company’s 50-day simple moving average is $59.82 and its 200-day simple moving average is $58.43. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $110.58.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. The firm had revenue of $108.06 million during the quarter, compared to the consensus estimate of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. Equities analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, DA Davidson upped their price target on Triumph Financial from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.75.

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.