Zacks Research Cuts Earnings Estimates for Truist Financial

Truist Financial Co. (NYSE:TFC - Free Report) - Equities research analysts at Zacks Research reduced their Q1 2026 earnings per share estimates for Truist Financial in a research report issued on Thursday, June 5th. Zacks Research analyst R. Department now expects that the insurance provider will post earnings per share of $1.00 for the quarter, down from their prior estimate of $1.01. 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 2026 earnings at $1.17 EPS and FY2026 earnings at $4.29 EPS.

Truist Financial (NYSE:TFC - Get Free Report) last announced its earnings results on Thursday, April 17th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.99 billion. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. During the same period last year, the firm posted $0.90 EPS.

TFC has been the topic of a number of other research reports. Stephens lowered their price target on shares of Truist Financial from $48.00 to $46.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Raymond James downgraded Truist Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their price target on Truist Financial from $48.00 to $42.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. TD Cowen initiated coverage on Truist Financial in a research note on Thursday, May 15th. They set a "hold" rating and a $44.00 price target for the company. Finally, Piper Sandler lowered their price objective on Truist Financial from $45.00 to $41.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $47.83.

Truist Financial Stock Performance

Shares of TFC stock opened at $40.66 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $53.25 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.63 and a beta of 0.84. Truist Financial has a 52 week low of $33.56 and a 52 week high of $49.06. The firm's 50-day simple moving average is $38.43 and its two-hundred day simple moving average is $42.62.

Hedge Funds Weigh In On Truist Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank grew its holdings in shares of Truist Financial by 3.6% during the fourth quarter. Comerica Bank now owns 449,484 shares of the insurance provider's stock worth $19,499,000 after purchasing an additional 15,499 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Truist Financial by 81.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,108,466 shares of the insurance provider's stock valued at $48,085,000 after purchasing an additional 498,531 shares during the last quarter. David Wealth Management LLC purchased a new position in Truist Financial in the 4th quarter worth approximately $2,354,000. Stifel Financial Corp increased its holdings in shares of Truist Financial by 2.8% in the 4th quarter. Stifel Financial Corp now owns 2,242,763 shares of the insurance provider's stock worth $97,291,000 after buying an additional 60,848 shares during the last quarter. Finally, Glass Wealth Management Co LLC raised its position in shares of Truist Financial by 9.5% during the 4th quarter. Glass Wealth Management Co LLC now owns 67,978 shares of the insurance provider's stock valued at $2,949,000 after buying an additional 5,900 shares in the last quarter. 71.28% of the stock is currently owned by hedge funds and other institutional investors.

Truist Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 9th were given a $0.52 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.12%. Truist Financial's dividend payout ratio (DPR) is presently 61.36%.

Truist Financial Company Profile

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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