Bank of New York Mellon Corp Has $7.59 Million Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Bank of New York Mellon Corp lowered its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 4.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,258 shares of the company's stock after selling 6,274 shares during the period. Bank of New York Mellon Corp owned 0.56% of Triumph Financial worth $7,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TFIN. Bank of America Corp DE increased its position in shares of Triumph Financial by 478.3% during the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock worth $31,860,000 after purchasing an additional 289,955 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Triumph Financial by 34.0% during the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock worth $71,086,000 after acquiring an additional 198,611 shares during the period. Norges Bank acquired a new position in shares of Triumph Financial during the fourth quarter worth about $6,151,000. Curi RMB Capital LLC increased its stake in shares of Triumph Financial by 133.9% during the fourth quarter. Curi RMB Capital LLC now owns 72,022 shares of the company's stock worth $6,545,000 after acquiring an additional 41,226 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Triumph Financial by 10,573.0% during the first quarter. GAMMA Investing LLC now owns 40,344 shares of the company's stock worth $2,332,000 after acquiring an additional 39,966 shares during the period. Institutional investors and hedge funds own 91.11% of the company's stock.

Insider Transactions at Triumph Financial

In other news, Director Harrison B. Barnes bought 1,000 shares of Triumph Financial stock in a transaction on Tuesday, April 29th. The stock was purchased at an average cost of $53.65 per share, with a total value of $53,650.00. Following the purchase, the director directly owned 21,565 shares of the company's stock, valued at approximately $1,156,962.25. This trade represents a 4.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.58% of the stock is owned by insiders.

Triumph Financial Stock Up 0.0%

Triumph Financial stock traded up $0.01 during midday trading on Friday, hitting $63.09. 176,597 shares of the stock were exchanged, compared to its average volume of 331,459. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58. The firm has a market cap of $1.50 billion, a P/E ratio of 143.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The company has a 50 day moving average price of $59.86 and a two-hundred day moving average price of $63.21.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. The company had revenue of $108.06 million during the quarter, compared to the consensus estimate of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. On average, sell-side analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TFIN. B. Riley reaffirmed a "neutral" rating and issued a $55.00 target price (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their target price on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, DA Davidson increased their target price on shares of Triumph Financial from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, July 18th.

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.