Truist Financial Corporation (NYSE:TFC - Free Report) - Investment analysts at Zacks Research cut their FY2025 earnings per share estimates for shares of Truist Financial in a research note issued on Tuesday, September 2nd. Zacks Research analyst Team now expects that the insurance provider will post earnings of $3.78 per share for the year, down from their previous forecast of $3.80. The consensus estimate for Truist Financial's current full-year earnings is $4.00 per share. Zacks Research also issued estimates for Truist Financial's Q4 2025 earnings at $1.03 EPS and Q1 2026 earnings at $0.99 EPS.
TFC has been the subject of a number of other reports. Citigroup upgraded Truist Financial from a "neutral" rating to a "buy" rating and upped their price target for the stock from $44.00 to $55.00 in a report on Thursday, June 26th. Wells Fargo & Company reiterated an "equal weight" rating and set a $47.00 price target on shares of Truist Financial in a report on Thursday, August 21st. Raymond James Financial upgraded Truist Financial from a "market perform" rating to an "outperform" rating and set a $50.00 price target for the company in a report on Tuesday, July 8th. Keefe, Bruyette & Woods lowered Truist Financial from an "outperform" rating to a "market perform" rating and set a $48.00 price target for the company. in a report on Wednesday, July 9th. Finally, TD Cowen assumed coverage on Truist Financial in a report on Thursday, May 15th. They set a "hold" rating and a $44.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.47.
Read Our Latest Report on TFC
Truist Financial Stock Down 0.1%
TFC opened at $46.39 on Thursday. The business has a 50 day moving average price of $44.77 and a 200 day moving average price of $41.78. Truist Financial has a twelve month low of $33.56 and a twelve month high of $49.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $59.82 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88.
Truist Financial (NYSE:TFC - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.02). Truist Financial had a net margin of 16.82% and a return on equity of 8.69%. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5.04 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The firm's quarterly revenue was down 406.0% compared to the same quarter last year.
Truist Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 8th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, August 8th. Truist Financial's dividend payout ratio is 56.68%.
Insiders Place Their Bets
In other Truist Financial news, insider Bradley D. Bender sold 12,540 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $45.19, for a total value of $566,682.60. Following the sale, the insider directly owned 500 shares in the company, valued at $22,595. This represents a 96.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.
Institutional Trading of Truist Financial
Large investors have recently made changes to their positions in the business. Wealth Preservation Advisors LLC bought a new position in Truist Financial in the first quarter valued at about $25,000. Aspect Partners LLC boosted its holdings in Truist Financial by 71.5% in the second quarter. Aspect Partners LLC now owns 643 shares of the insurance provider's stock valued at $28,000 after acquiring an additional 268 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in Truist Financial in the second quarter valued at about $30,000. Centennial Bank AR lifted its stake in Truist Financial by 360.2% in the first quarter. Centennial Bank AR now owns 741 shares of the insurance provider's stock valued at $30,000 after buying an additional 580 shares during the period. Finally, Motco lifted its stake in Truist Financial by 435.6% in the first quarter. Motco now owns 798 shares of the insurance provider's stock valued at $33,000 after buying an additional 649 shares during the period. Institutional investors own 71.28% of the company's stock.
About Truist Financial
(
Get Free Report)
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.
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