RBC Boosts Holdings in Triumph Financial by Nearly 49%

Royal Bank of Canada (RBC) has increased its holdings in Triumph Financial, Inc. (TFIN) by 48.8% in the first quarter, according to a recent SEC disclosure. The financial institution now owns approximately 61,529 shares of TFIN stock after purchasing an additional 20,180 shares during the period.

The value of RBC's holdings in TFIN is around $3.67 million at the end of the most recent reporting period, which represents about 0.26% of Triumph Financial's outstanding shares. This move by RBC comes as other large investors have also been active in their positions in TFIN.

Farther Finance Advisors LLC, for example, increased its holdings in TFIN by 46.1% during the fourth quarter and now owns 491 shares valued at around $31,000. Tower Research Capital LLC TRC boosted its position in TFIN by 9.3% in the second quarter, owning approximately 2,284 shares worth $126,000.

Triumph Financial's stock price has been relatively stable recently, with a 52-week low of $46.43 and a high of $83.52. The company's market capitalization stands at around $1.87 billion, with a PE ratio of 52.86 and a beta of 1.39.