State Street Corp Sells 29,286 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

State Street Corp lessened its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,178,479 shares of the company's stock after selling 29,286 shares during the period. State Street Corp owned approximately 5.04% of Triumph Financial worth $93,736,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TFIN. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Triumph Financial by 258.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company's stock valued at $215,052,000 after buying an additional 1,896,348 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Triumph Financial by 1.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,156,330 shares of the company's stock valued at $91,975,000 after acquiring an additional 13,510 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Triumph Financial by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,047,240 shares of the company's stock worth $85,607,000 after purchasing an additional 8,541 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Triumph Financial by 1.0% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 881,323 shares of the company's stock worth $72,048,000 after purchasing an additional 8,990 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Triumph Financial by 12.6% in the 2nd quarter. American Century Companies Inc. now owns 570,688 shares of the company's stock valued at $46,654,000 after purchasing an additional 63,760 shares during the period. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TFIN shares. B. Riley reiterated a "neutral" rating and set a $65.00 price objective on shares of Triumph Financial in a report on Wednesday, October 2nd. DA Davidson raised their price target on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $71.60.

Triumph Financial Stock Down 2.5 %

TFIN traded down $2.51 on Tuesday, hitting $97.23. 102,007 shares of the company were exchanged, compared to its average volume of 152,969. The stock's fifty day moving average is $95.30 and its 200-day moving average is $86.16. Triumph Financial, Inc. has a 12 month low of $66.85 and a 12 month high of $110.58. 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 company has a market cap of $2.27 billion, a PE ratio of 127.87 and a beta of 1.21.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $125.57 million for the quarter, compared to analyst estimates 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 previous year, the firm earned $0.51 EPS. Equities research analysts predict that Triumph Financial, Inc. will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $106.36, for a total value of $1,435,860.00. Following the transaction, the chief executive officer now directly owns 151,533 shares of the company's stock, valued at $16,117,049.88. This represents a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.15% of the company's stock.

Triumph Financial 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.