Triumph Financial, Inc. $TFIN Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its holdings in Triumph Financial, Inc. (NYSE:TFIN) by 15.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 62,115 shares of the company’s stock after selling 11,585 shares during the quarter. Hodges Capital Management Inc.’s holdings in Triumph Financial were worth $3,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Triumph Financial by 46.1% during the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after purchasing an additional 155 shares during the last quarter. Fifth Third Bancorp raised its holdings in Triumph Financial by 85.4% during the third quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after purchasing an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Triumph Financial by 66.8% during the third quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $26,000 after purchasing an additional 209 shares during the last quarter. AlphaQuest LLC acquired a new position in Triumph Financial during the third quarter worth $56,000. Finally, Tower Research Capital LLC TRC raised its holdings in Triumph Financial by 9.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after purchasing an additional 195 shares during the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Triumph Financial

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the sale, the executive vice president owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $67.01 per share, with a total value of $469,070.00. Following the transaction, the insider owned 22,804 shares of the company’s stock, valued at $1,528,096.04. This trade represents a 44.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.51% of the stock is currently owned by insiders.

Triumph Financial Price Performance

Shares of NYSE:TFIN opened at $73.25 on Thursday. The company has a market cap of $1.74 billion, a P/E ratio of 61.55 and a beta of 1.39. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 52 week low of $46.43 and a 52 week high of $77.84. The business has a fifty day simple moving average of $65.99 and a 200-day simple moving average of $63.39.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $105.80 million during the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. Equities research analysts forecast that Triumph Financial, Inc. will post 1.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TFIN. Zacks Research cut Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. DA Davidson reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a report on Wednesday, April 22nd. Finally, Wall Street Zen raised Triumph Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Triumph Financial currently has an average rating of “Hold” and a consensus target price of $64.75.

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.