M&T Bank Corp Sells 901 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

M&T Bank Corp trimmed its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,871 shares of the company’s stock after selling 901 shares during the quarter. M&T Bank Corp owned approximately 0.06% of Triumph Financial worth $1,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TFIN. Barclays PLC grew its stake in shares of Triumph Financial by 88.8% in the third quarter. Barclays PLC now owns 51,325 shares of the company’s stock valued at $4,082,000 after buying an additional 24,144 shares in the last quarter. Hodges Capital Management Inc. grew its position in shares of Triumph Financial by 0.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 104,335 shares of the company’s stock valued at $8,299,000 after acquiring an additional 500 shares during the period. HighTower Advisors LLC grew its position in shares of Triumph Financial by 17.1% in the 3rd quarter. HighTower Advisors LLC now owns 6,177 shares of the company’s stock valued at $491,000 after acquiring an additional 902 shares during the period. Verition Fund Management LLC raised its holdings in shares of Triumph Financial by 44.3% in the 3rd quarter. Verition Fund Management LLC now owns 3,853 shares of the company’s stock valued at $306,000 after purchasing an additional 1,182 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Triumph Financial by 77.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,080 shares of the company’s stock valued at $1,199,000 after purchasing an additional 6,601 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Trading Down 1.9 %

Shares of NASDAQ:TFIN opened at $98.64 on Monday. Triumph Financial, Inc. has a 12-month low of $66.85 and a 12-month high of $110.58. The business has a 50 day moving average of $94.80 and a 200-day moving average of $85.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.31 billion, a PE ratio of 126.46 and a beta of 1.21.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The firm had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. During the same period in the prior year, the firm posted $0.51 EPS. As a group, equities research analysts forecast that Triumph Financial, Inc. will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

TFIN has been the topic of several research analyst reports. B. Riley restated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a research note on Wednesday, October 2nd. DA Davidson increased their price target on Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $71.60.

Insider Transactions at Triumph Financial

In other news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the sale, the chief executive officer now directly owns 151,533 shares of the company’s stock, valued at approximately $16,117,049.88. This represents a 8.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.15% 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.