Bank of New York Mellon Corp Acquires 3,974 Shares of Triumph Financial, Inc. $TFIN

Bank of New York Mellon Corp lifted its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,232 shares of the company’s stock after buying an additional 3,974 shares during the quarter. Bank of New York Mellon Corp owned about 0.57% of Triumph Financial worth $7,453,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TFIN. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Triumph Financial by 12.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company’s stock worth $172,921,000 after acquiring an additional 330,165 shares during the period. Investment Management Associates Inc. ADV boosted its position in shares of Triumph Financial by 113.6% in the 2nd quarter. Investment Management Associates Inc. ADV now owns 247,580 shares of the company’s stock worth $13,644,000 after purchasing an additional 131,678 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Triumph Financial by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 206,865 shares of the company’s stock worth $11,957,000 after purchasing an additional 7,794 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in Triumph Financial by 16.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 165,914 shares of the company’s stock valued at $9,590,000 after purchasing an additional 23,244 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Triumph Financial by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 148,025 shares of the company’s stock valued at $8,158,000 after purchasing an additional 7,635 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. B. Riley upgraded Triumph Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $70.00 in a research report on Monday, October 20th. Stephens boosted their price objective on shares of Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a report on Friday, October 17th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $63.00 target price on shares of Triumph Financial in a research note on Thursday, October 16th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Triumph Financial presently has an average rating of “Hold” and an average target price of $62.00.

Triumph Financial Price Performance

Shares of TFIN opened at $50.57 on Friday. The stock has a 50 day simple moving average of $53.41 and a 200 day simple moving average of $57.10. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $110.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $1.20 billion, a PE ratio of 114.94 and a beta of 1.44.

Insider Buying and Selling at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,500 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $60.39, for a total transaction of $211,365.00. Following the completion of the sale, the executive vice president owned 27,832 shares of the company’s stock, valued at $1,680,774.48. This represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.58% of the stock is owned by company insiders.

About Triumph Financial

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.