Triumph Financial, Inc. $TFIN Holdings Raised by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. increased its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 132.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 361,953 shares of the company’s stock after purchasing an additional 206,010 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Triumph Financial were worth $18,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Triumph Financial by 1.8% in the 2nd quarter. State Street Corp now owns 1,311,960 shares of the company’s stock worth $72,302,000 after buying an additional 23,678 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Triumph Financial by 2.7% in the second quarter. Geode Capital Management LLC now owns 544,497 shares of the company’s stock worth $30,011,000 after acquiring an additional 14,201 shares during the last quarter. Bank of America Corp DE lifted its holdings in Triumph Financial by 20.3% in the second quarter. Bank of America Corp DE now owns 459,109 shares of the company’s stock worth $25,301,000 after acquiring an additional 77,390 shares during the last quarter. Marshall Wace LLP boosted its stake in Triumph Financial by 130.2% in the second quarter. Marshall Wace LLP now owns 303,374 shares of the company’s stock valued at $16,719,000 after acquiring an additional 171,580 shares during the period. Finally, Investment Management Associates Inc. ADV raised its position in shares of Triumph Financial by 113.6% during the 2nd quarter. Investment Management Associates Inc. ADV now owns 247,580 shares of the company’s stock worth $13,644,000 after purchasing an additional 131,678 shares during the period. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

Shares of NASDAQ:TFIN opened at $68.43 on Friday. The company has a market capitalization of $1.63 billion, a PE ratio of 155.53 and a beta of 1.52. 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 stock has a fifty day moving average of $64.70 and a 200-day moving average of $58.74. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $78.88.

Insider Transactions at Triumph Financial

In other Triumph Financial news, EVP Adam D. Nelson sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $65.18, for a total transaction of $195,540.00. Following the completion of the sale, the executive vice president directly owned 24,832 shares of the company’s stock, valued at approximately $1,618,549.76. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stephens increased their target price on Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Friday, October 17th. Keefe, Bruyette & Woods boosted their target price on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. B. Riley Financial restated a “neutral” rating and issued a $70.00 price target on shares of Triumph Financial in a research note on Monday, January 12th. Finally, DA Davidson reiterated a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $64.75.

Triumph Financial Company Profile

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.