Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 16.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,747 shares of the company’s stock after selling 8,677 shares during the period. Public Employees Retirement System of Ohio’s holdings in Triumph Financial were worth $3,549,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Triumph Financial by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,974,578 shares of the company’s stock valued at $156,624,000 after buying an additional 11,722 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Triumph Financial by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,042,533 shares of the company’s stock valued at $83,591,000 after buying an additional 14,714 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Triumph Financial by 3.2% in the fourth quarter. Wellington Management Group LLP now owns 568,882 shares of the company’s stock valued at $45,613,000 after buying an additional 17,380 shares in the last quarter. Ranger Investment Management L.P. increased its holdings in shares of Triumph Financial by 1.2% in the fourth quarter. Ranger Investment Management L.P. now owns 400,509 shares of the company’s stock valued at $32,113,000 after buying an additional 4,660 shares in the last quarter. Finally, Bares Capital Management Inc. increased its holdings in shares of Triumph Financial by 10.7% in the fourth quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock valued at $20,545,000 after buying an additional 24,847 shares in the last quarter. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Trading Down 4.7 %

NASDAQ TFIN opened at $86.50 on Friday. Triumph Financial, Inc. has a 1-year low of $56.91 and a 1-year high of $95.46. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.02 billion, a PE ratio of 66.03 and a beta of 1.21. The firm’s fifty day simple moving average is $80.62 and its 200-day simple moving average is $76.91.

Triumph Financial (NASDAQ:TFIN) last posted 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). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The company had revenue of $124.18 million during the quarter, compared to analyst estimates of $103.43 million. During the same period last year, the company posted $0.29 earnings per share. As a group, sell-side analysts anticipate that Triumph Financial, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Todd Ritterbusch sold 3,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $74.07, for a total value of $222,210.00. Following the completion of the sale, the insider now directly owns 7,434 shares in the company, valued at $550,636.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Triumph Financial news, EVP Adam D. Nelson sold 4,598 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $87.27, for a total transaction of $401,267.46. Following the completion of the sale, the executive vice president now directly owns 32,285 shares in the company, valued at $2,817,511.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Todd Ritterbusch sold 3,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $74.07, for a total transaction of $222,210.00. Following the sale, the insider now owns 7,434 shares of the company’s stock, valued at $550,636.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,452 shares of company stock worth $1,203,417. Corporate insiders own 6.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TFIN. Piper Sandler upped their price target on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Friday, July 19th. DA Davidson boosted their target price on shares of Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods downgraded shares of Triumph Financial from a “market perform” rating to an “underperform” rating and cut their target price for the company from $75.00 to $70.00 in a research note on Friday, July 19th. Finally, Stephens reissued an “equal weight” rating and set a $74.00 target price on shares of Triumph Financial in a research note on Thursday, July 18th.

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.