Hodges Capital Management Inc. Buys 6,850 Shares of Triumph Financial, Inc. $TFIN

Hodges Capital Management Inc. raised its stake in Triumph Financial, Inc. (NYSE:TFIN) by 11.0% during the first quarter, HoldingsChannel reports. The fund owned 68,965 shares of the company’s stock after buying an additional 6,850 shares during the period. Hodges Capital Management Inc.’s holdings in Triumph Financial were worth $4,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TFIN. Farther Finance Advisors LLC boosted its stake in Triumph Financial by 46.1% in the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after purchasing an additional 155 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after purchasing an additional 195 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Triumph Financial in the fourth quarter worth about $174,000. Amundi raised its holdings in Triumph Financial by 15.3% in the third quarter. Amundi now owns 4,156 shares of the company’s stock worth $202,000 after buying an additional 550 shares during the last quarter. Finally, Maryland State Retirement & Pension System bought a new position in shares of Triumph Financial in the fourth quarter worth approximately $206,000. 91.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TFIN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Zacks Research upgraded shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and an average target price of $64.75.

Insider Activity at Triumph Financial

In related news, insider Todd Ritterbusch bought 7,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the acquisition, the insider owned 22,804 shares of the company’s stock, valued at $1,528,096.04. This trade represents a 44.29% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the sale, the executive vice president directly owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This trade represents a 13.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is owned by insiders.

Triumph Financial Price Performance

NYSE TFIN opened at $78.88 on Tuesday. Triumph Financial, Inc. has a one year low of $46.43 and a one year high of $80.47. The stock has a 50-day moving average of $70.48 and a 200 day moving average of $65.53. 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 capitalization of $1.88 billion, a price-to-earnings ratio of 57.47 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last posted its earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. On average, sell-side analysts forecast that Triumph Financial, Inc. will post 1.88 EPS for the current year.

Triumph Financial Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.