M&T Bank Corp Has $2.55 Million Position in Triumph Financial, Inc. $TFIN

Key Points

• M&T Bank Corp boosted its stake in Triumph Financial by 235.5% in Q4 to 40,628 shares, a position worth about $2.55 million (roughly 0.17% of the company).
• Institutional ownership is very high at about 91.11%, with multiple funds (RBC, AQR, First Trust and newcomers like Norges Bank) adding or adjusting positions in recent quarters.
• Analysts give TFIN an overall Hold rating with an average target of $64.75, and the stock traded near $68.34 after the company reported quarterly EPS of $0.23 versus a $0.15 estimate while revenue slightly missed expectations.

M&T Bank Corp increased its position in shares of Triumph Financial, Inc. (NYSE:TFIN - Free Report) by 235.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,628 shares of the company's stock after purchasing an additional 28,519 shares during the period. M&T Bank Corp owned approximately 0.17% of Triumph Financial worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TFIN. Royal Bank of Canada lifted its holdings in Triumph Financial by 73.8% during the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company's stock worth $1,592,000 after purchasing an additional 11,694 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Triumph Financial by 45.2% during the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company's stock worth $333,000 after purchasing an additional 1,794 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Triumph Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company's stock worth $759,000 after purchasing an additional 564 shares during the last quarter. Norges Bank acquired a new stake in Triumph Financial during the 2nd quarter worth approximately $304,000. Finally, First Trust Advisors LP lifted its holdings in Triumph Financial by 59.8% during the 2nd quarter. First Trust Advisors LP now owns 24,198 shares of the company's stock worth $1,334,000 after purchasing an additional 9,052 shares during the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TFIN has been the subject of several research reports. Wall Street Zen raised Triumph Financial from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Keefe, Bruyette & Woods upped their target price on Triumph Financial from $66.00 to $70.00 and gave the company a "market perform" rating in a research report on Wednesday, January 28th. Zacks Research downgraded Triumph Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 2nd. DA Davidson reiterated a "neutral" rating and set a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded Triumph Financial from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, February 12th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $64.75.

Triumph Financial Stock Performance

Shares of TFIN opened at $68.34 on Tuesday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 57.43 and a beta of 1.43. Triumph Financial, Inc. has a 52-week low of $46.43 and a 52-week high of $77.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day simple moving average of $60.22.

Triumph Financial (NYSE:TFIN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The business had revenue of $105.80 million for the quarter, compared to analyst estimates of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. As a group, research analysts forecast that Triumph Financial, Inc. will post 1.75 EPS for the current fiscal year.

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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