First Dallas Securities Inc. Decreases Stake in Triumph Financial, Inc. (NASDAQ:TFIN)

First Dallas Securities Inc. lessened its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 19.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,385 shares of the company’s stock after selling 3,565 shares during the quarter. First Dallas Securities Inc. owned 0.06% of Triumph Financial worth $1,141,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Triumph Financial by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 174,809 shares of the company’s stock worth $11,326,000 after acquiring an additional 6,539 shares in the last quarter. Deutsche Bank AG raised its position in shares of Triumph Financial by 13.3% during the 3rd quarter. Deutsche Bank AG now owns 11,219 shares of the company’s stock worth $727,000 after acquiring an additional 1,315 shares in the last quarter. Rhumbline Advisers raised its position in shares of Triumph Financial by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 68,558 shares of the company’s stock worth $4,442,000 after acquiring an additional 266 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Triumph Financial by 83.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 72,759 shares of the company’s stock worth $4,714,000 after acquiring an additional 33,135 shares in the last quarter. Finally, Bares Capital Management Inc. raised its position in shares of Triumph Financial by 192.3% during the 3rd quarter. Bares Capital Management Inc. now owns 231,388 shares of the company’s stock worth $14,992,000 after acquiring an additional 152,222 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Stock Performance

Shares of NASDAQ:TFIN traded up $3.57 during trading on Friday, reaching $81.75. The company had a trading volume of 1,043,265 shares, compared to its average volume of 136,034. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 62.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s fifty day moving average price is $74.29 and its 200 day moving average price is $75.37. Triumph Financial, Inc. has a fifty-two week low of $56.91 and a fifty-two week high of $82.22.

Triumph Financial (NASDAQ:TFIN) last released its earnings results on Wednesday, April 17th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The company had revenue of $101.03 million during the quarter, compared to analyst estimates of $106.01 million. Triumph Financial had a net margin of 7.16% and a return on equity of 4.22%. As a group, equities research analysts predict that Triumph Financial, Inc. will post 1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TFIN shares. Keefe, Bruyette & Woods lifted their price target on Triumph Financial from $68.00 to $75.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 18th. DA Davidson cut their price target on Triumph Financial from $73.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. 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, the stock has a consensus rating of “Hold” and a consensus price target of $66.80.

Insider Activity

In related news, insider Todd Ritterbusch sold 3,000 shares of Triumph Financial stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $74.07, for a total value of $222,210.00. Following the sale, the insider now directly owns 7,434 shares in the company, valued at $550,636.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Todd Ritterbusch sold 3,000 shares of Triumph Financial stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $74.07, for a total value of $222,210.00. Following the sale, the insider now directly owns 7,434 shares in the company, valued at $550,636.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carlos M. Sepulveda sold 16,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $71.12, for a total value of $1,137,920.00. Following the sale, the director now owns 351,484 shares in the company, valued at $24,997,542.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,854 shares of company stock valued at $1,940,069. Company insiders own 6.15% of the company’s stock.

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.