Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 7.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,464 shares of the company’s stock after selling 4,987 shares during the period. Rhumbline Advisers owned 0.26% of Triumph Financial worth $5,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TFIN. nVerses Capital LLC raised its holdings in Triumph Financial by 200.0% in the 2nd 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 acquired a new stake in shares of Triumph Financial in the fourth quarter valued at approximately $75,000. ProShare Advisors LLC lifted its position in Triumph Financial by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,468 shares of the company’s stock worth $354,000 after buying an additional 306 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Triumph Financial during the second quarter worth $447,000. Finally, Central Pacific Bank Trust Division purchased a new stake in Triumph Financial in the 1st quarter valued at $443,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Trading Up 2.3 %

NASDAQ TFIN opened at $81.18 on Monday. Triumph Financial, Inc. has a 12 month low of $56.91 and a 12 month high of $95.46. The stock has a market capitalization of $1.89 billion, a P/E ratio of 61.97 and a beta of 1.20. The firm’s 50-day moving average is $84.34 and its two-hundred day moving average is $78.45. 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 data on Wednesday, July 17th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.13). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The company had revenue of $124.18 million during the quarter, compared to analyst estimates of $103.43 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, sell-side analysts anticipate that Triumph Financial, Inc. will post 0.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Edward Joseph Schreyer sold 6,128 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total transaction of $498,880.48. Following the completion of 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 accessible through this hyperlink. In related news, COO Edward Joseph Schreyer sold 6,128 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total transaction of $498,880.48. Following the sale, the chief operating officer now directly owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Adam D. Nelson sold 4,598 shares of the firm’s stock in a transaction that occurred on 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 approximately $2,817,511.95. The disclosure for this sale can be found here. 6.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on TFIN. Keefe, Bruyette & Woods lowered Triumph Financial from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $75.00 to $70.00 in a report on Friday, July 19th. Stephens reaffirmed an “equal weight” rating and set a $74.00 target price on shares of Triumph Financial in a research note on Thursday, July 18th. Piper Sandler increased their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, July 19th. Finally, DA Davidson raised their price target on shares of Triumph Financial from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 19th.

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.