The Manufacturers Life Insurance Company Buys Shares of 9,078 Triumph Financial, Inc. $TFIN

The Manufacturers Life Insurance Company purchased a new position in shares of Triumph Financial, Inc. (NYSE:TFIN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,078 shares of the company’s stock, valued at approximately $693,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Triumph Financial during the 2nd quarter worth approximately $259,022,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Triumph Financial during the 2nd quarter valued at $49,047,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Triumph Financial during the second quarter worth $38,807,000. Ranger Investment Management L.P. purchased a new position in Triumph Financial during the second quarter worth $36,920,000. Finally, AltraVue Capital LLC raised its holdings in shares of Triumph Financial by 22.0% in the fourth quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock worth $94,939,000 after acquiring an additional 273,718 shares during the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TFIN has been the topic of a number of analyst reports. B. Riley Financial increased their price objective on Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. DA Davidson upped their target price on shares of Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods lifted their price target on shares of Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Finally, Stephens boosted their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $85.00.

Triumph Financial Price Performance

Shares of NYSE:TFIN opened at $69.43 on Monday. The company has a market cap of $1.66 billion, a P/E ratio of 46.91 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 52 week low of $46.43 and a 52 week high of $83.52. The business has a fifty day simple moving average of $75.99 and a 200-day simple moving average of $68.55.

Triumph Financial (NYSE:TFIN) last released its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%.The firm had revenue of $120.24 million for the quarter, compared to the consensus estimate of $114.67 million. Equities research analysts forecast that Triumph Financial, Inc. will post 1.93 EPS for the current year.

Insider Activity

In other news, EVP Adam Nelson sold 3,750 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total transaction of $296,437.50. Following the transaction, the executive vice president directly owned 23,755 shares in the company, valued at $1,877,832.75. This represents a 13.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Edward Schreyer sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $73.75, for a total transaction of $213,875.00. Following the completion of the sale, the executive vice president directly owned 15,534 shares in the company, valued at $1,145,632.50. This represents a 15.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.51% of the company’s stock.

About Triumph Financial

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.