M&T Bank Corp Has $770,000 Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

M&T Bank Corp trimmed its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 3.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,320 shares of the company’s stock after selling 464 shares during the quarter. M&T Bank Corp owned about 0.06% of Triumph Financial worth $770,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Triumph Financial by 84.7% in the first quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock valued at $40,000 after buying an additional 320 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Triumph Financial by 88,233.3% in the first quarter. NBC Securities Inc. now owns 2,650 shares of the company’s stock valued at $153,000 after buying an additional 2,647 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Triumph Financial in the fourth quarter valued at about $219,000. Balyasny Asset Management L.P. bought a new position in shares of Triumph Financial in the fourth quarter valued at about $237,000. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Triumph Financial by 9.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,004 shares of the company’s stock valued at $273,000 after buying an additional 270 shares during the last quarter. 91.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

TFIN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on Triumph Financial from $68.00 to $56.00 and set a “market perform” rating for the company in a report on Monday, April 21st. B. Riley reissued a “neutral” rating and set a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Finally, DA Davidson dropped their price objective on Triumph Financial from $68.00 to $56.00 and set a “neutral” rating for the company in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, Triumph Financial has a consensus rating of “Hold” and a consensus target price of $68.20.

Triumph Financial Stock Performance

Shares of NASDAQ:TFIN opened at $65.45 on Tuesday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 176.89 and a beta of 1.29. Triumph Financial, Inc. has a 1-year low of $42.90 and a 1-year high of $110.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $59.21 and a two-hundred day moving average price of $64.71.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $101.57 million for the quarter, compared to the consensus estimate of $104.49 million. Triumph Financial had a return on equity of 1.61% and a net margin of 2.44%. During the same period in the prior year, the firm posted $0.14 earnings per share. Equities analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Insider Activity at Triumph Financial

In other news, Director Debra A. Bradford purchased 1,508 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average cost of $49.39 per share, for a total transaction of $74,480.12. Following the transaction, the director directly owned 3,348 shares of the company’s stock, valued at approximately $165,357.72. The trade was a 81.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Davis R. Deadman purchased 1,500 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average price of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the transaction, the director directly owned 10,220 shares in the company, valued at $546,770. This trade represents a 17.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 4,008 shares of company stock worth $208,380 in the last ninety days. Company insiders own 5.58% of the company’s stock.

Triumph Financial 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.