508,548 Shares in Triumph Financial, Inc. $TFIN Acquired by Diamond Hill Capital Management LLC Investment Advisor

Key Points

• Diamond Hill Capital Management acquired 508,548 shares of Triumph Financial valued at approximately $38.8 million, giving it a 2.13% stake. Institutional investors collectively own 91.11% of the company.
• Analysts remain broadly neutral: six analysts rate the stock “Hold,” with an average price target of $85.00. Recent firms raised their targets to between $82 and $88 while maintaining neutral or equal-weight ratings.
• Triumph Financial reported quarterly EPS of $0.44, in line with estimates, while revenue of $120.24 million exceeded the $114.67 million consensus forecast. The stock opened at $78.23, near its 52-week high of $83.52.

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Triumph Financial, Inc. (NYSE:TFIN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 508,548 shares of the company's stock, valued at approximately $38,807,000. Diamond Hill Capital Management LLC Investment Advisor owned 2.13% of Triumph Financial as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company's stock valued at $31,000 after acquiring an additional 155 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Triumph Financial by 9.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company's stock valued at $126,000 after buying an additional 195 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Triumph Financial during the fourth quarter valued at approximately $174,000. Amundi lifted its stake in Triumph Financial by 15.3% in the third quarter. Amundi now owns 4,156 shares of the company's stock valued at $202,000 after acquiring an additional 550 shares during the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in Triumph Financial in the fourth quarter worth approximately $206,000. Institutional investors and hedge funds own 91.11% of the company's stock.

Insider Buying and Selling at Triumph Financial

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the sale, the executive vice president owned 18,434 shares in the company, valued at approximately $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam D. Nelson sold 3,750 shares of the company's stock in a transaction on 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 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 SEC filing for this sale provides additional information. Company insiders own 5.51% of the company's stock.

Analyst Upgrades and Downgrades

TFIN has been the topic of a number of recent research reports. DA Davidson raised their price target 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 Triumph Financial from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. 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 report on Friday, July 24th. Stephens boosted their target price 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, Weiss Ratings reiterated a "hold (c)" rating on shares of Triumph Financial in a report on Friday, August 7th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $85.00.

Triumph Financial Trading Up 0.0%

Triumph Financial stock opened at $78.23 on Monday. Triumph Financial, Inc. has a 52 week low of $46.43 and a 52 week high of $83.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $1.87 billion, a PE ratio of 52.86 and a beta of 1.39. The business's 50-day simple moving average is $76.35 and its 200-day simple moving average is $67.80.

Triumph Financial (NYSE:TFIN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 EPS 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 company 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 earnings per share for the current year.

Triumph Financial Company 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.

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