Bank of New York Mellon Corp Makes New $9.57 Million Investment in Triumph Financial, Inc. $TFIN

Key Points

• Bank of New York Mellon acquired 125,462 shares of Triumph Financial worth approximately $9.57 million, giving it a 0.52% stake. Institutional investors and hedge funds collectively own 91.11% of the company.
• Triumph Financial reported quarterly EPS of $0.44, in line with estimates, while revenue of $120.24 million exceeded expectations. Analysts project full-year EPS of $1.93.
• The stock was trading at $69.13, below its 50-day average of $76.30, and analysts maintain a consensus “Hold” rating with an average price target of $85.00. Two executive vice presidents recently sold shares under pre-arranged trading plans.

Bank of New York Mellon Corp acquired a new stake in shares of Triumph Financial, Inc. (NYSE:TFIN - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 125,462 shares of the company's stock, valued at approximately $9,574,000. Bank of New York Mellon Corp owned approximately 0.52% of Triumph Financial at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Investment Management Associates Inc. ADV boosted its position in Triumph Financial by 34.2% in the fourth quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company's stock valued at $21,304,000 after buying an additional 86,761 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Triumph Financial by 13.1% during the first quarter. Bank of America Corp DE now owns 460,088 shares of the company's stock worth $27,449,000 after buying an additional 53,399 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Triumph Financial by 48.8% in the first quarter. Royal Bank of Canada now owns 61,529 shares of the company's stock valued at $3,671,000 after acquiring an additional 20,180 shares during the last quarter. Empirical Capital Management LLC bought a new position in shares of Triumph Financial in the fourth quarter valued at approximately $1,298,000. Finally, Ranger Investment Management L.P. boosted its holdings in shares of Triumph Financial by 48.5% in the 1st quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company's stock worth $31,217,000 after acquiring an additional 170,871 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Triumph Financial Stock Down 0.5%

Shares of Triumph Financial stock opened at $69.13 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $83.52. The business has a fifty day simple moving average of $76.30 and a 200 day simple moving average of $68.44. The stock has a market cap of $1.65 billion, a PE ratio of 46.71 and a beta of 1.37.

Triumph Financial (NYSE:TFIN - Get Free Report) last released its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%. Research analysts predict that Triumph Financial, Inc. will post 1.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TFIN. Stephens lifted their price objective on Triumph Financial from $82.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 23rd. Zacks Research lowered Triumph Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods lifted their price target on Triumph Financial from $78.00 to $88.00 and gave the company a "market perform" rating in a report on Thursday, July 23rd. DA Davidson upped their price target on shares of Triumph Financial from $65.00 to $82.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Triumph Financial in a research report on Friday, August 7th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $85.00.

Insider Activity

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $73.75, for a total transaction of $213,875.00. Following the transaction, the executive vice president owned 15,534 shares in the company, valued at $1,145,632.50. The trade was a 15.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam D. Nelson sold 3,750 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total transaction of $296,437.50. Following the completion of the transaction, the executive vice president owned 23,755 shares of the company's stock, valued at $1,877,832.75. This trade represents a 13.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.51% of the company's stock.

About Triumph Financial

Triumph Financial, Inc NYSE: TFIN is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.

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