Triumph Financial, Inc. $TFIN Shares Purchased by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. grew its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 132.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 361,953 shares of the company’s stock after buying an additional 206,010 shares during the quarter. Diamond Hill Capital Management Inc. owned 1.52% of Triumph Financial worth $18,112,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TFIN. Marshall Wace LLP increased its holdings in Triumph Financial by 130.2% during the 2nd 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 in the last quarter. Investment Management Associates Inc. ADV lifted its stake in shares of Triumph Financial by 113.6% during the second quarter. Investment Management Associates Inc. ADV now owns 247,580 shares of the company’s stock valued at $13,644,000 after buying an additional 131,678 shares during the period. Bank of America Corp DE boosted its position in Triumph Financial by 20.3% during 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. Empirical Capital Management LLC purchased a new stake in Triumph Financial in the 2nd quarter worth approximately $2,480,000. Finally, Financial Gravity Companies Inc. acquired a new position in Triumph Financial in the 2nd quarter valued at $2,290,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Stock Up 5.3%

Shares of NASDAQ:TFIN opened at $68.43 on Friday. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 155.53 and a beta of 1.52. The company has a 50 day moving average of $64.70 and a two-hundred day moving average of $58.74. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $78.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.

Insider Buying and Selling

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

Analyst Ratings Changes

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

About Triumph Financial

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.