The Manufacturers Life Insurance Company Takes $693,000 Position in Triumph Financial, Inc. $TFIN

The Manufacturers Life Insurance Company bought a new position in shares of Triumph Financial, Inc. (NYSE:TFIN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,078 shares of the company’s stock, valued at approximately $693,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Triumph Financial during the 2nd quarter worth $259,022,000. Vanguard Group Inc. raised its holdings in shares of Triumph Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 2,031,008 shares of the company’s stock valued at $127,202,000 after buying an additional 14,355 shares during the last quarter. 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 valued at $94,939,000 after buying an additional 273,718 shares during the last quarter. State Street Corp boosted its stake in shares of Triumph Financial by 1.8% during the second quarter. State Street Corp now owns 1,311,960 shares of the company’s stock worth $72,302,000 after buying an additional 23,678 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Triumph Financial by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 832,146 shares of the company’s stock worth $49,641,000 after buying an additional 3,530 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Analysts Set New Price Targets

TFIN has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research note on Friday, August 7th. Zacks Research lowered Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods upped their price target on Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Stephens increased their price target on Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, DA Davidson lifted their price objective on shares of Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.00.

Triumph Financial Stock Performance

Shares of TFIN stock opened at $69.43 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $75.99 and a 200-day simple moving average of $68.55. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 46.91 and a beta of 1.37. Triumph Financial, Inc. has a 12-month low of $46.43 and a 12-month high of $83.52.

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

Insider Buying and Selling at Triumph Financial

In related news, EVP Adam D. Nelson sold 3,750 shares of the business’s 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 sale, the executive vice president owned 23,755 shares of the company’s stock, valued at approximately $1,877,832.75. The trade was a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward Schreyer sold 2,900 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $73.75, for a total transaction of $213,875.00. Following the transaction, the executive vice president owned 15,534 shares in the company, valued at $1,145,632.50. The trade was a 15.73% decrease in their ownership of the stock. 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 currently owned by insiders.

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.