Triumph Financial, Inc. (NASDAQ:TFIN) Shares Bought by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 258.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,630,607 shares of the company’s stock after purchasing an additional 1,896,348 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.11% of Triumph Financial worth $215,052,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Triumph Financial by 30.5% in the 4th quarter. Victory Capital Management Inc. now owns 8,256 shares of the company’s stock valued at $662,000 after purchasing an additional 1,931 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Triumph Financial by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 177,156 shares of the company’s stock valued at $14,204,000 after buying an additional 2,347 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Triumph Financial by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,042,533 shares of the company’s stock worth $83,591,000 after buying an additional 14,714 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Triumph Financial during the 4th quarter worth $75,000. Finally, Rafferty Asset Management LLC boosted its position in shares of Triumph Financial by 74.2% in the 4th quarter. Rafferty Asset Management LLC now owns 35,618 shares of the company’s stock worth $2,856,000 after buying an additional 15,175 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insider Activity

In related news, EVP Adam D. Nelson sold 4,598 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total value of $401,267.46. Following the sale, the executive vice president now directly owns 32,285 shares of the company’s stock, valued at $2,817,511.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total transaction of $498,880.48. Following the completion of the sale, the chief operating officer now directly owns 39,698 shares in the company, valued at $3,231,814.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Adam D. Nelson sold 4,598 shares of Triumph Financial stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the transaction, the executive vice president now directly owns 32,285 shares in the company, valued at $2,817,511.95. The disclosure for this sale can be found here. Corporate insiders own 6.15% of the company’s stock.

Triumph Financial Stock Performance

Shares of TFIN opened at $81.80 on Friday. Triumph Financial, Inc. has a 1 year low of $56.91 and a 1 year high of $95.46. The company’s 50 day simple moving average is $84.14 and its 200 day simple moving average is $78.67. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 62.44 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). The business had revenue of $124.18 million for the quarter, compared to analysts’ expectations of $103.43 million. Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. During the same period in the prior year, the company earned $0.29 EPS. On average, sell-side analysts predict that Triumph Financial, Inc. will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TFIN shares. Stephens restated an “equal weight” rating and set a $74.00 target price on shares of Triumph Financial in a report on Thursday, July 18th. Keefe, Bruyette & Woods cut shares of Triumph Financial from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $75.00 to $70.00 in a research note on Friday, July 19th. Piper Sandler lifted their price objective on Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Friday, July 19th. Finally, DA Davidson increased their target price on Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, July 19th.

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.