Zacks Research Expects Higher Earnings for Truist Financial

Truist Financial Co. (NYSE:TFC) – Stock analysts at Zacks Research lifted their Q4 2024 EPS estimates for Truist Financial in a note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the insurance provider will earn $0.87 per share for the quarter, up from their prior estimate of $0.85. The consensus estimate for Truist Financial’s current full-year earnings is $3.70 per share. Zacks Research also issued estimates for Truist Financial’s Q2 2026 earnings at $1.08 EPS.

Several other research firms also recently commented on TFC. JPMorgan Chase & Co. lifted their price objective on Truist Financial from $43.50 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on shares of Truist Financial from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Compass Point raised their price target on Truist Financial from $46.00 to $47.00 in a research note on Wednesday, October 16th. Wolfe Research upgraded Truist Financial from an “underperform” rating to a “peer perform” rating in a research report on Friday, August 9th. Finally, Stephens restated an “overweight” rating and set a $50.00 price target on shares of Truist Financial in a research note on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.37.

Truist Financial Stock Up 1.6 %

NYSE:TFC opened at $46.91 on Friday. The firm has a 50-day simple moving average of $43.56 and a two-hundred day simple moving average of $41.45. The firm has a market cap of $62.27 billion, a P/E ratio of -32.80, a P/E/G ratio of 1.92 and a beta of 1.05. Truist Financial has a fifty-two week low of $31.23 and a fifty-two week high of $47.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Truist Financial (NYSE:TFC) last released its earnings results on Thursday, October 17th. The insurance provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.05 billion. Truist Financial had a positive return on equity of 9.35% and a negative net margin of 4.89%.

Truist Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.43%. The ex-dividend date is Friday, November 8th. Truist Financial’s payout ratio is -145.45%.

Institutional Trading of Truist Financial

Several institutional investors have recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. purchased a new stake in shares of Truist Financial in the third quarter valued at approximately $26,000. Crewe Advisors LLC bought a new position in Truist Financial during the 1st quarter worth about $27,000. MidAtlantic Capital Management Inc. purchased a new position in Truist Financial during the 3rd quarter valued at about $32,000. MFA Wealth Advisors LLC bought a new stake in shares of Truist Financial in the 2nd quarter valued at about $30,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Truist Financial during the second quarter valued at approximately $31,000. Institutional investors own 71.28% of the company’s stock.

About Truist Financial

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.