Diamond Hill Capital Management Inc. Sells 1,988 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Diamond Hill Capital Management Inc. trimmed its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 112,030 shares of the company’s stock after selling 1,988 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Triumph Financial were worth $8,911,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in Triumph Financial by 122.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $38,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC grew its position in Triumph Financial by 200.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the company’s stock valued at $74,000 after acquiring an additional 600 shares during the period. Profund Advisors LLC bought a new stake in Triumph Financial in the second quarter valued at $209,000. Wallace Advisory Group LLC bought a new stake in Triumph Financial in the second quarter valued at $246,000. Finally, Federated Hermes Inc. grew its position in Triumph Financial by 8.1% in the second quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock valued at $286,000 after acquiring an additional 264 shares during the period. 91.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. DA Davidson boosted their price objective on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods lowered Triumph Financial from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $75.00 to $70.00 in a research note on Friday, July 19th. Stephens reissued an “equal weight” rating and issued a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. B. Riley reissued a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a research note on Wednesday, October 2nd. Finally, Piper Sandler boosted their price objective on Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $71.60.

Triumph Financial Trading Up 4.4 %

Shares of TFIN opened at $100.08 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 12-month low of $64.05 and a 12-month high of $102.49. The firm has a market capitalization of $2.34 billion, a PE ratio of 128.31 and a beta of 1.18. The stock’s fifty day simple moving average is $83.05 and its 200-day simple moving average is $80.80.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The business had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. As a group, research analysts predict that Triumph Financial, Inc. will post 0.62 earnings per share for the current year.

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.