Hodges Capital Management Inc. Has $8.26 Million Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Hodges Capital Management Inc. lowered its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 24.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,100 shares of the company’s stock after selling 33,475 shares during the period. Hodges Capital Management Inc. owned approximately 0.45% of Triumph Financial worth $8,257,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TFIN. Charles Schwab Investment Management Inc. boosted its position in shares of Triumph Financial by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,809 shares of the company’s stock worth $11,326,000 after purchasing an additional 6,539 shares in the last quarter. Deutsche Bank AG raised its position in shares of Triumph Financial by 13.3% during the third quarter. Deutsche Bank AG now owns 11,219 shares of the company’s stock worth $727,000 after purchasing an additional 1,315 shares during the period. Rhumbline Advisers lifted its holdings in shares of Triumph Financial by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 68,558 shares of the company’s stock worth $4,442,000 after purchasing an additional 266 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Triumph Financial by 83.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 72,759 shares of the company’s stock valued at $4,714,000 after purchasing an additional 33,135 shares during the period. Finally, Bares Capital Management Inc. increased its stake in Triumph Financial by 192.3% during the 3rd quarter. Bares Capital Management Inc. now owns 231,388 shares of the company’s stock valued at $14,992,000 after purchasing an additional 152,222 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TFIN. DA Davidson lowered their target price on shares of Triumph Financial from $73.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Keefe, Bruyette & Woods increased their price objective on Triumph Financial from $68.00 to $75.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $66.80.

Triumph Financial Stock Up 4.6 %

NASDAQ:TFIN traded up $3.57 on Friday, hitting $81.75. The stock had a trading volume of 1,043,265 shares, compared to its average volume of 136,034. Triumph Financial, Inc. has a 1 year low of $56.91 and a 1 year high of $82.22. The firm’s fifty day simple moving average is $74.29 and its two-hundred day simple moving average is $75.37. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $1.91 billion, a P/E ratio of 62.40 and a beta of 1.19.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, April 17th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Triumph Financial had a net margin of 7.16% and a return on equity of 4.22%. The business had revenue of $101.03 million for the quarter, compared to analysts’ expectations of $106.01 million. Analysts predict that Triumph Financial, Inc. will post 1.1 earnings per share for the current year.

Insider Transactions at Triumph Financial

In other Triumph Financial news, insider Todd Ritterbusch sold 3,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $74.07, for a total value of $222,210.00. Following the transaction, the insider now directly owns 7,434 shares in the company, valued at $550,636.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Triumph Financial news, insider Todd Ritterbusch sold 3,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $74.07, for a total value of $222,210.00. Following the sale, the insider now directly owns 7,434 shares in the company, valued at $550,636.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carlos M. Sepulveda sold 16,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $71.12, for a total value of $1,137,920.00. Following the transaction, the director now owns 351,484 shares of the company’s stock, valued at approximately $24,997,542.08. The disclosure for this sale can be found here. Insiders have sold 26,854 shares of company stock worth $1,940,069 in the last ninety days. Company insiders own 6.15% of the company’s stock.

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.