The Manufacturers Life Insurance Company Sells 607 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

The Manufacturers Life Insurance Company lowered its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 4.8% in the third quarter, Holdings Channel reports. The firm owned 12,064 shares of the company’s stock after selling 607 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Triumph Financial were worth $960,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TFIN. Arizona State Retirement System lifted its stake in Triumph Financial by 2.0% in the second quarter. Arizona State Retirement System now owns 6,205 shares of the company’s stock valued at $507,000 after acquiring an additional 124 shares during the last quarter. Callan Family Office LLC lifted its stake in Triumph Financial by 1.1% in the second quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock valued at $954,000 after acquiring an additional 126 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Triumph Financial by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $891,000 after acquiring an additional 200 shares during the last quarter. Kings Path Partners LLC lifted its stake in Triumph Financial by 2.4% in the third quarter. Kings Path Partners LLC now owns 9,125 shares of the company’s stock valued at $726,000 after acquiring an additional 216 shares during the last quarter. Finally, KBC Group NV lifted its stake in Triumph Financial by 46.4% in the third quarter. KBC Group NV now owns 798 shares of the company’s stock valued at $63,000 after acquiring an additional 253 shares during the last quarter. Institutional investors own 91.11% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $106.36, for a total value of $1,435,860.00. Following the completion of the transaction, the chief executive officer now directly owns 151,533 shares in the company, valued at approximately $16,117,049.88. This represents a 8.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TFIN shares. DA Davidson increased their price target on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. B. Riley reiterated a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $71.60.

Triumph Financial Stock Performance

NASDAQ TFIN opened at $100.56 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $2.35 billion, a PE ratio of 130.67 and a beta of 1.21. Triumph Financial, Inc. has a 52-week low of $66.85 and a 52-week high of $110.58. The firm has a 50-day moving average of $93.78 and a 200-day moving average of $85.53.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $125.57 million for the quarter, compared to the consensus estimate of $106.29 million. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, sell-side analysts anticipate that Triumph Financial, Inc. will post 0.62 EPS for the current year.

About Triumph Financial

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.