Bank of New York Mellon Corp Sells 6,274 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Bank of New York Mellon Corp decreased its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,258 shares of the company's stock after selling 6,274 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.56% of Triumph Financial worth $7,587,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

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

Triumph Financial Price Performance

Shares of TFIN stock traded down $0.49 during trading on Friday, hitting $62.60. The company had a trading volume of 66,935 shares, compared to its average volume of 227,540. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The stock's 50-day moving average is $59.82 and its two-hundred day moving average is $63.54. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 142.26 and a beta of 1.29. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. As a group, analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TFIN shares. DA Davidson upped their price objective 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. B. Riley reiterated a "neutral" rating and set a $55.00 price target (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st.

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.