Kayne Anderson Rudnick Investment Management LLC Reduces Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Kayne Anderson Rudnick Investment Management LLC reduced its stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,661,548 shares of the company's stock after selling 169,305 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 11.38% of Triumph Financial worth $241,881,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Triumph Financial by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company's stock worth $184,252,000 after purchasing an additional 24,868 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Triumph Financial by 1.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company's stock worth $106,840,000 after buying an additional 19,286 shares in the last quarter. American Century Companies Inc. boosted its position 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 valued at $71,086,000 after acquiring an additional 198,611 shares during the period. Geode Capital Management LLC grew its stake in Triumph Financial by 1.7% during the third quarter. Geode Capital Management LLC now owns 518,112 shares of the company's stock valued at $41,218,000 after acquiring an additional 8,609 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Triumph Financial by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,071 shares of the company's stock worth $18,092,000 after acquiring an additional 3,539 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, Director Debra A. Bradford purchased 1,508 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average cost of $49.39 per share, for a total transaction of $74,480.12. Following the completion of the transaction, the director now directly owns 3,348 shares in the company, valued at approximately $165,357.72. This represents a 81.96 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.58% of the company's stock.

Triumph Financial Price Performance

TFIN traded up $2.44 during trading on Thursday, reaching $51.94. The stock had a trading volume of 182,488 shares, compared to its average volume of 166,416. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50-day moving average of $59.16 and a 200-day moving average of $79.56. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $110.58. The stock has a market cap of $1.22 billion, a PE ratio of 96.19 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $101.57 million for the quarter, compared to the consensus estimate of $104.49 million. Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. During the same quarter last year, the company posted $0.14 earnings per share. As a group, equities research analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TFIN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research report on Monday. Stephens restated an "equal weight" rating and set a $109.00 target price on shares of Triumph Financial in a research report on Thursday, January 23rd. B. Riley reaffirmed a "neutral" rating and issued a $55.00 price target (down previously from $65.00) on shares of Triumph Financial in a report on Wednesday. Finally, DA Davidson cut their price objective on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Triumph Financial currently has an average rating of "Hold" and a consensus price target of $68.20.

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.