Triumph Financial, Inc. $TFIN Shares Bought by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. increased its holdings in Triumph Financial, Inc. (NYSE:TFIN) by 21.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 439,895 shares of the company’s stock after buying an additional 77,942 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Triumph Financial were worth $27,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of TFIN. Fifth Third Bancorp increased its holdings in Triumph Financial by 85.4% in the 3rd quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after buying an additional 229 shares during the period. EverSource Wealth Advisors LLC boosted its position in Triumph Financial by 66.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $26,000 after purchasing an additional 209 shares in the last quarter. Farther Finance Advisors LLC boosted its position 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. AlphaQuest LLC purchased a new stake in Triumph Financial in the 3rd quarter worth approximately $56,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Triumph Financial by 28.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock valued at $117,000 after buying an additional 514 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Zacks Research lowered Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Wall Street Zen raised Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Finally, DA Davidson reissued a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Triumph Financial has a consensus rating of “Hold” and an average price target of $64.75.

Insider Activity

In related news, insider Todd Ritterbusch acquired 7,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the purchase, the insider owned 22,804 shares of the company’s stock, valued at $1,528,096.04. This represents a 44.29% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.51% of the company’s stock.

Triumph Financial Price Performance

Shares of Triumph Financial stock opened at $66.63 on Friday. The firm’s 50-day moving average price is $62.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.59 billion, a PE ratio of 55.99 and a beta of 1.40. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $77.84.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. Equities research analysts anticipate that Triumph Financial, Inc. will post 1.9 earnings per share for the current year.

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.