Bank of New York Mellon Corp Has $12.50 Million Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Bank of New York Mellon Corp reduced its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,532 shares of the company’s stock after selling 3,348 shares during the quarter. Bank of New York Mellon Corp owned 0.59% of Triumph Financial worth $12,499,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TFIN. Quantbot Technologies LP bought a new position in Triumph Financial in the third quarter worth $49,000. Blue Trust Inc. increased its stake in Triumph Financial by 43.4% in the fourth quarter. Blue Trust Inc. now owns 674 shares of the company’s stock valued at $61,000 after acquiring an additional 204 shares during the period. KBC Group NV raised its position in Triumph Financial by 46.4% in the third quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after purchasing an additional 253 shares in the last quarter. Mechanics Bank Trust Department bought a new position in Triumph Financial during the fourth quarter worth about $202,000. Finally, Cottonwood Capital Advisors LLC bought a new position in Triumph Financial during the fourth quarter worth about $215,000. 91.11% of the stock is owned by institutional investors.

Triumph Financial Price Performance

Shares of TFIN stock opened at $59.75 on Thursday. Triumph Financial, Inc. has a 52 week low of $58.22 and a 52 week high of $110.58. The stock’s fifty day moving average is $76.53 and its 200-day moving average is $85.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $1.40 billion, a PE ratio of 110.65 and a beta of 1.22.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. Equities research analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TFIN shares. DA Davidson dropped their target price on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Stephens reiterated an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of Triumph Financial from an “underperform” rating to a “market perform” rating and reduced their target price for the company from $80.00 to $74.00 in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $79.00.

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.