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

Kayne Anderson Rudnick Investment Management LLC lowered its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 6.0% during the fourth quarter, HoldingsChannel reports. The firm owned 2,661,548 shares of the company’s stock after selling 169,305 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.11% of Triumph Financial worth $241,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. MetLife Investment Management LLC increased its stake in Triumph Financial by 7.6% in the 4th quarter. MetLife Investment Management LLC now owns 13,320 shares of the company’s stock valued at $1,211,000 after buying an additional 946 shares during the period. Curi RMB Capital LLC boosted its holdings in shares of Triumph Financial by 133.9% in the fourth quarter. Curi RMB Capital LLC now owns 72,022 shares of the company’s stock valued at $6,545,000 after acquiring an additional 41,226 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Triumph Financial by 10.7% in the fourth quarter. First Trust Advisors LP now owns 15,648 shares of the company’s stock valued at $1,422,000 after acquiring an additional 1,513 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Triumph Financial during the fourth quarter worth about $2,152,000. Finally, Legal & General Group Plc raised its holdings in Triumph Financial by 1.3% during the fourth quarter. Legal & General Group Plc now owns 62,973 shares of the company’s stock worth $5,723,000 after purchasing an additional 789 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TFIN. DA Davidson lowered their price objective on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Stephens reaffirmed an “equal weight” rating and set a $109.00 price objective on shares of Triumph Financial in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded Triumph Financial from an “underperform” rating to a “market perform” rating and cut their price objective for the stock from $80.00 to $74.00 in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $79.00.

Triumph Financial Price Performance

Shares of NASDAQ:TFIN opened at $48.62 on Friday. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $110.58. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 90.04 and a beta of 1.18. The business’s 50 day simple moving average is $60.66 and its 200-day simple moving average is $80.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. The firm had revenue of $101.57 million during the quarter, compared to analysts’ expectations of $104.49 million. During the same quarter in the prior year, the business earned $0.14 EPS. As a group, equities analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

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.