Barrow Hanley Mewhinney & Strauss LLC Sells 34,162 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 842,467 shares of the company’s stock after selling 34,162 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Triumph Financial were worth $76,563,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TFIN. Bank of America Corp DE raised its position in Triumph Financial by 478.3% in the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company’s stock worth $31,860,000 after purchasing an additional 289,955 shares during the period. American Century Companies Inc. raised its holdings in shares of Triumph Financial by 34.0% in the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company’s stock worth $71,086,000 after buying an additional 198,611 shares during the period. Norges Bank purchased a new stake in shares of Triumph Financial in the fourth quarter worth approximately $6,151,000. Hodges Capital Management Inc. boosted its holdings in Triumph Financial by 42.3% during the 4th quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company’s stock valued at $13,490,000 after acquiring an additional 44,100 shares during the period. Finally, Curi RMB Capital LLC boosted its holdings in Triumph Financial by 133.9% during the 4th quarter. Curi RMB Capital LLC now owns 72,022 shares of the company’s stock valued at $6,545,000 after acquiring an additional 41,226 shares during the period. Institutional investors own 91.11% of the company’s stock.

Insider Activity

In related news, Director Davis R. Deadman bought 1,500 shares of the stock in a transaction on Friday, April 25th. The stock was bought at an average price of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the acquisition, the director now directly owns 10,220 shares in the company, valued at approximately $546,770. This represents a 17.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Harrison B. Barnes bought 1,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were bought at an average cost of $53.65 per share, for a total transaction of $53,650.00. Following the transaction, the director now directly owns 21,565 shares in the company, valued at approximately $1,156,962.25. This represents a 4.86% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 4,008 shares of company stock worth $208,380. Corporate insiders own 5.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their target price on Triumph Financial from $68.00 to $56.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. Stephens reaffirmed an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research note on Thursday, January 23rd. B. Riley reissued a “neutral” rating and issued a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. Finally, DA Davidson reduced their target price on shares of Triumph Financial from $68.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $68.20.

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $58.02 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average price is $55.61 and its 200-day moving average price is $75.52. The firm has a market cap of $1.36 billion, a P/E ratio of 107.45 and a beta of 1.27. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $110.58.

Triumph Financial (NASDAQ:TFIN) last posted its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. The business had revenue of $101.57 million for the quarter, compared to analysts’ expectations of $104.49 million. During the same period last year, the business posted $0.14 EPS. On average, equities research analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal 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.