Zacks Research Issues Pessimistic Estimate for TFC Earnings

Key Points

• Zacks Research has lowered its earnings per share estimate for Truist Financial's Q2 2026 to $1.05, down from a previous estimate of $1.06, with expectations of $4.00 earnings per share for the full year.
• Truist Financial reported an earnings per share of $0.91 in its last earnings release, missing the consensus estimate of $0.93, along with a significant 406% drop in revenue year-over-year.
• Insider Bradley D. Bender sold 12,540 shares of Truist Financial at $45.19, representing a 96.17% decrease in their ownership, highlighting potential concern from insiders about the company's stock performance.

Truist Financial Corporation (NYSE:TFC - Free Report) - Equities research analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for shares of Truist Financial in a report issued on Tuesday, September 2nd. Zacks Research analyst Team now anticipates that the insurance provider will earn $1.05 per share for the quarter, down from their previous forecast of $1.06. 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 Q3 2026 earnings at $1.08 EPS, Q4 2026 earnings at $1.16 EPS, FY2026 earnings at $4.28 EPS and Q1 2027 earnings at $1.13 EPS.

A number of other brokerages have also recently issued reports on TFC. Keefe, Bruyette & Woods cut Truist Financial from an "outperform" rating to a "market perform" rating and set a $48.00 target price for the company. in a report on Wednesday, July 9th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $47.00 target price on shares of Truist Financial in a report on Thursday, August 21st. Raymond James Financial raised Truist Financial from a "market perform" rating to an "outperform" rating and set a $50.00 target price for the company in a report on Tuesday, July 8th. Citigroup upgraded Truist Financial from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $44.00 to $55.00 in a research report on Thursday, June 26th. Finally, TD Cowen began coverage on Truist Financial in a research report on Thursday, May 15th. They set a "hold" rating and a $44.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Truist Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.47.

Truist Financial Price Performance

TFC traded down $0.52 on Friday, reaching $46.55. The stock had a trading volume of 7,854,065 shares, compared to its average volume of 6,689,188. Truist Financial has a fifty-two week low of $33.56 and a fifty-two week high of $49.06. The firm has a 50-day moving average of $44.94 and a 200-day moving average of $41.70. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $60.02 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.73 and a beta of 0.88.

Truist Financial (NYSE:TFC - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The insurance provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.02). Truist Financial had a return on equity of 8.69% and a net margin of 16.82%.The business had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5.04 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. Truist Financial's quarterly revenue was down 406.0% compared to the same quarter last year.

Truist Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 8th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.08 annualized dividend and a yield of 4.5%. Truist Financial's dividend payout ratio (DPR) is currently 56.68%.

Insider Buying and Selling

In related news, insider Bradley D. Bender sold 12,540 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $45.19, for a total transaction of $566,682.60. Following the completion of the sale, the insider owned 500 shares of the company's stock, valued at $22,595. This trade represents a 96.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Truist Financial

A number of hedge funds have recently added to or reduced their stakes in TFC. Norges Bank acquired a new stake in Truist Financial in the second quarter valued at approximately $487,401,000. Victory Capital Management Inc. lifted its holdings in shares of Truist Financial by 922.9% in the first quarter. Victory Capital Management Inc. now owns 6,664,320 shares of the insurance provider's stock valued at $274,237,000 after purchasing an additional 6,012,817 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Truist Financial by 32.0% in the first quarter. Invesco Ltd. now owns 13,140,282 shares of the insurance provider's stock valued at $540,723,000 after purchasing an additional 3,188,999 shares in the last quarter. Nuveen LLC bought a new position in shares of Truist Financial in the first quarter valued at approximately $117,929,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Truist Financial by 610.8% in the first quarter. Assenagon Asset Management S.A. now owns 2,661,895 shares of the insurance provider's stock valued at $109,537,000 after purchasing an additional 2,287,410 shares in the last quarter. Institutional investors and hedge funds 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.