Diamond Hill Capital Management Inc. Has $9.59 Million Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Key Points

• Diamond Hill Capital Management Inc. increased its shareholding in Triumph Financial, Inc. by 16.3%, acquiring an additional 23,244 shares, bringing its total ownership to 165,914 shares valued at approximately $9.59 million.
• Institutional ownership of Triumph Financial stands at 91.11%, with several other firms, such as CWM LLC and GAMMA Investing LLC, significantly boosting their positions during the same quarter.
• Triumph Financial's stock is currently trading at $63.09 with a market capitalization of $1.50 billion, while analysts predict an earnings per share of 1.08 for the current fiscal year.

Diamond Hill Capital Management Inc. boosted its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 16.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,914 shares of the company's stock after purchasing an additional 23,244 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.71% of Triumph Financial worth $9,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Triumph Financial by 84.7% during the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after acquiring an additional 320 shares during the period. Bank of Montreal Can acquired a new position in Triumph Financial during the fourth quarter valued at $219,000. KLP Kapitalforvaltning AS acquired a new position in Triumph Financial during the fourth quarter valued at $445,000. Norges Bank acquired a new position in Triumph Financial during the fourth quarter valued at $6,151,000. Finally, Hsbc Holdings PLC raised its position in Triumph Financial by 185.4% during the fourth quarter. Hsbc Holdings PLC now owns 7,571 shares of the company's stock valued at $690,000 after buying an additional 4,918 shares during the period. Institutional investors and hedge funds own 91.11% of the company's stock.

Triumph Financial Stock Performance

NASDAQ:TFIN traded down $0.62 during mid-day trading on Monday, hitting $62.48. 37,816 shares of the company's stock traded hands, compared to its average volume of 226,950. The firm has a 50 day moving average of $59.86 and a two-hundred day moving average of $63.04. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $110.58. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 141.99 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%. The firm had revenue of $108.06 million during the quarter, compared to the consensus estimate of $105.85 million. On average, equities analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TFIN has been the topic of several research reports. B. Riley reaffirmed a "neutral" rating and issued a $55.00 target price (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. DA Davidson upped their target price on Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods dropped their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st.

Insider Buying and Selling

In other news, Director Harrison B. Barnes purchased 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was purchased at an average price of $53.65 per share, with a total value of $53,650.00. Following the acquisition, the director directly owned 21,565 shares in the company, valued at approximately $1,156,962.25. The trade was a 4.86% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 5.58% of the stock is currently owned by company insiders.

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.