Diamond Hill Capital Management Inc. Acquires 23,244 Shares of 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 Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 16.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,914 shares of the company's stock after acquiring an additional 23,244 shares during the period. Diamond Hill Capital Management Inc. owned 0.71% of Triumph Financial worth $9,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TFIN. CWM LLC raised its position in Triumph Financial by 48.0% in the 1st quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after buying an additional 191 shares during the last quarter. GAMMA Investing LLC raised its position in Triumph Financial by 84.7% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after buying an additional 320 shares during the last quarter. NBC Securities Inc. raised its position in Triumph Financial by 88,233.3% in the 1st quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after buying an additional 2,647 shares during the last quarter. Bank of Montreal Can purchased a new stake in Triumph Financial in the 4th quarter valued at $219,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Triumph Financial during the 4th quarter valued at $237,000. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Stock Performance

NASDAQ TFIN traded up $0.01 during trading on Friday, hitting $63.09. 176,597 shares of the company's stock traded hands, compared to its average volume of 331,459. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 143.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50 day moving average of $59.86 and a 200-day moving average of $63.38. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, topping 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 business had revenue of $108.06 million during the quarter, compared to the consensus estimate of $105.85 million. As a group, equities research analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TFIN. DA Davidson raised their target price on Triumph Financial from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. B. Riley reaffirmed a "neutral" rating and set a $55.00 target price (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods decreased their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research report on Monday, April 21st.

Insider Activity

In other news, Director Harrison B. Barnes acquired 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average cost of $53.65 per share, with a total value of $53,650.00. Following the acquisition, the director owned 21,565 shares in the company, valued at approximately $1,156,962.25. This represents a 4.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.58% of the company's stock.

About Triumph Financial

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.