Triumph Financial, Inc. (NASDAQ:TFIN) Position Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 11,723 shares of the company’s stock after selling 341 shares during the period. The Manufacturers Life Insurance Company’s holdings in Triumph Financial were worth $1,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Triumph Financial by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company’s stock worth $184,252,000 after buying an additional 24,868 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Triumph Financial by 1.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company’s stock valued at $106,840,000 after purchasing an additional 19,286 shares during the period. American Century Companies Inc. increased its stake in Triumph Financial by 34.0% in the 4th quarter. American Century Companies Inc. now owns 782,198 shares of the company’s stock worth $71,086,000 after purchasing an additional 198,611 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 buying an additional 3,539 shares during the period. Finally, Hodges Capital Management Inc. lifted its stake in Triumph Financial by 42.3% during the fourth quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company’s stock valued at $13,490,000 after buying an additional 44,100 shares in the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Triumph Financial news, Director Debra A. Bradford purchased 1,508 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average cost of $49.39 per share, for a total transaction of $74,480.12. Following the transaction, the director now directly owns 3,348 shares in the company, valued at approximately $165,357.72. The trade was a 81.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Davis R. Deadman acquired 1,500 shares of the business’s stock in a transaction on Friday, April 25th. The stock was acquired at an average price of $53.50 per share, with a total value of $80,250.00. Following the transaction, the director now owns 10,220 shares in the company, valued at approximately $546,770. The trade was a 17.20% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 4,008 shares of company stock worth $208,380 over the last three months. 5.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on TFIN. Keefe, Bruyette & Woods decreased their target price on shares of Triumph Financial from $68.00 to $56.00 and set a “market perform” rating for the company in a report on Monday, April 21st. B. Riley reiterated a “neutral” rating and issued a $55.00 target price (down from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. DA Davidson decreased their price target on Triumph Financial from $68.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Finally, Stephens reiterated an “equal weight” rating and issued a $109.00 target price on shares of Triumph Financial in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and an average target price of $68.20.

Triumph Financial Stock Up 4.1%

TFIN stock opened at $62.44 on Wednesday. The business’s 50-day simple moving average is $55.60 and its 200 day simple moving average is $76.84. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a twelve month low of $42.90 and a twelve month high of $110.58. The company has a market cap of $1.46 billion, a PE ratio of 115.63 and a beta of 1.27.

Triumph Financial (NASDAQ:TFIN) last issued its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $104.49 million. During the same quarter last year, the firm posted $0.14 earnings per share. On average, research analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

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.