Diamond Hill Capital Management LLC Investment Advisor Takes $38.81 Million Position in Triumph Financial, Inc. $TFIN

Diamond Hill Capital Management LLC Investment Advisor bought a new position in Triumph Financial, Inc. (NYSE:TFIN) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 508,548 shares of the company’s stock, valued at approximately $38,807,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Triumph Financial during the 2nd quarter worth about $9,574,000. Howard Financial Services LTD. acquired a new position in Triumph Financial in the second quarter worth about $229,000. Bank of America Corp DE raised its position in Triumph Financial by 13.1% in the first quarter. Bank of America Corp DE now owns 460,088 shares of the company’s stock worth $27,449,000 after purchasing an additional 53,399 shares in the last quarter. Royal Bank of Canada lifted its stake in Triumph Financial by 48.8% during the first quarter. Royal Bank of Canada now owns 61,529 shares of the company’s stock worth $3,671,000 after purchasing an additional 20,180 shares during the period. Finally, Ranger Investment Management L.P. lifted its stake in Triumph Financial by 48.5% during the first quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company’s stock worth $31,217,000 after purchasing an additional 170,871 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TFIN shares. Zacks Research cut Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Stephens boosted their price target on Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. DA Davidson upped their price target on Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods lifted their price objective on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Finally, B. Riley Financial boosted their target price on shares of Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Triumph Financial currently has a consensus rating of “Hold” and a consensus price target of $85.00.

Triumph Financial Trading Up 0.0%

TFIN stock opened at $78.23 on Monday. The business has a fifty day moving average price of $76.35 and a 200 day moving average price of $67.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. Triumph Financial, Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $83.52. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 52.86 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last announced its 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 analysts’ expectations of $114.67 million. Analysts expect that Triumph Financial, Inc. will post 1.93 EPS for the current fiscal year.

Insider Activity

In other news, EVP Adam D. Nelson sold 3,750 shares of the company’s stock in a transaction that occurred 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 directly owned 23,755 shares in the company, valued at approximately $1,877,832.75. This represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the sale, the executive vice president directly owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This represents a 13.59% decrease in their position. 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 owned by corporate 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.