Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. lowered its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,030 shares of the company’s stock after selling 1,988 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.48% of Triumph Financial worth $8,911,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in Triumph Financial by 77.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,028 shares of the company’s stock worth $875,000 after acquiring an additional 4,825 shares during the period. Texas Permanent School Fund Corp boosted its holdings in Triumph Financial by 0.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 18,866 shares of the company’s stock worth $1,496,000 after acquiring an additional 153 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Triumph Financial by 3.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,392 shares of the company’s stock worth $983,000 after acquiring an additional 422 shares during the period. Sei Investments Co. boosted its holdings in Triumph Financial by 77.9% in the 1st quarter. Sei Investments Co. now owns 45,741 shares of the company’s stock worth $3,628,000 after acquiring an additional 20,026 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Triumph Financial by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,468 shares of the company’s stock worth $354,000 after acquiring an additional 306 shares during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TFIN shares. B. Riley reiterated a “neutral” rating and set a $65.00 target price on shares of Triumph Financial in a research note on Wednesday, October 2nd. Piper Sandler raised their target price on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods cut shares of Triumph Financial from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $75.00 to $70.00 in a research note on Friday, July 19th. Stephens restated an “equal weight” rating and set a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. Finally, DA Davidson lifted their target price on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.60.

Triumph Financial Trading Up 4.4 %

Shares of TFIN opened at $100.08 on Tuesday. Triumph Financial, Inc. has a 1-year low of $64.05 and a 1-year high of $102.49. The stock has a market capitalization of $2.34 billion, a P/E ratio of 128.31 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $83.05 and its 200 day moving average price is $80.80.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The firm had revenue of $125.57 million during the quarter, compared to analyst estimates of $106.29 million. During the same period last year, the company posted $0.51 EPS. Analysts expect 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.