Hodges Capital Management Inc. lessened its holdings in shares of Triumph Financial, Inc. (NYSE:TFIN – Free Report) by 15.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,115 shares of the company’s stock after selling 11,585 shares during the period. Hodges Capital Management Inc. owned 0.26% of Triumph Financial worth $3,890,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after acquiring an additional 155 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Triumph Financial by 85.4% during the 3rd quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after acquiring an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Triumph Financial by 66.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $26,000 after acquiring an additional 209 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Triumph Financial during the 3rd quarter worth about $56,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.
Triumph Financial Trading Up 0.9%
Shares of TFIN stock opened at $73.25 on Thursday. The business’s 50 day moving average is $65.99 and its two-hundred day moving average is $63.39. Triumph Financial, Inc. has a twelve month low of $46.43 and a twelve month high of $77.84. The company has a market capitalization of $1.74 billion, a P/E ratio of 61.55 and a beta of 1.39. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. DA Davidson reissued a “neutral” rating and set a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. Zacks Research downgraded Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.75.
Get Our Latest Research Report on TFIN
Insider Activity at Triumph Financial
In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the sale, the executive vice president directly owned 18,434 shares of the company’s stock, valued at $1,229,547.80. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch purchased 7,000 shares of Triumph Financial stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $67.01 per share, with a total value of $469,070.00. Following the completion of the acquisition, the insider directly owned 22,804 shares in the company, valued at approximately $1,528,096.04. This trade represents a 44.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 5.51% of the company’s stock.
About Triumph Financial
Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.
Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.
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