NYSE:TFC Truist Financial - TFC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Truist Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. $50.39 +0.76 (+1.53%) (As of 02/2/2023 12:00 AM ET) Add Compare Share Share Today's Range$49.50▼$50.5750-Day Range$41.12▼$49.6352-Week Range$40.01▼$66.10Volume6.48 million shsAverage Volume7.31 million shsMarket Capitalization$66.86 billionP/E Ratio11.37Dividend Yield4.21%Price Target$51.91 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Truist Financial MarketRank™ ForecastAnalyst RatingHold2.29 Rating ScoreUpside/Downside3.0% Upside$51.91 Price TargetShort InterestHealthy1.05% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.50Upright™ Environmental ScoreNews Sentiment-0.17Based on 12 Articles This WeekInsider TradingSelling Shares$1.73 M Sold Last QuarterProj. Earnings Growth4.74%From $4.85 to $5.08 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.12 out of 5 starsFinance Sector517th out of 879 stocksNational Commercial Banks Industry52nd out of 85 stocks 1.1 Analyst's Opinion Consensus RatingTruist Financial has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 5 buy ratings, 8 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $51.91, Truist Financial has a forecasted upside of 3.0% from its current price of $50.39.Amount of Analyst CoverageTruist Financial has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.05% of the float of Truist Financial has been sold short.Short Interest Ratio / Days to CoverTruist Financial has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Truist Financial has recently increased by 5.32%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipTruist Financial is a leading dividend payer. It pays a dividend yield of 4.21%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTruist Financial has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Truist Financial is 46.95%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Truist Financial will have a dividend payout ratio of 40.94% next year. This indicates that Truist Financial will be able to sustain or increase its dividend. Previous Next 3.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreTruist Financial has received a 30.49% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Life annuities", "Home insurance services for individuals", "Commercial deposit accounts", "Consumer savings accounts", and "Payment cards" products. See details.Environmental SustainabilityThe Environmental Impact score for Truist Financial is -0.50. Previous Next 2.1 News and Social Media Coverage News SentimentTruist Financial has a news sentiment score of -0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Truist Financial this week, compared to 1 article on an average week.Search Interest31 people have searched for TFC on MarketBeat in the last 30 days. This is an increase of 35% compared to the previous 30 days.MarketBeat Follows21 people have added Truist Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 62% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Truist Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,727,982.00 in company stock.Percentage Held by InsidersOnly 0.31% of the stock of Truist Financial is held by insiders.Percentage Held by Institutions72.49% of the stock of Truist Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Truist Financial are expected to grow by 4.74% in the coming year, from $4.85 to $5.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Truist Financial is 11.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Truist Financial is 11.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 191.68.Price to Earnings Growth RatioTruist Financial has a PEG Ratio of 1.27. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTruist Financial has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Truist Financial (NYSE:TFC) StockTruist Financial Corp. is a financial holding company, which engages in the provision of banking services to individuals, businesses, and municipalities. It operates through the following segments: Consumer Banking and Wealth, Corporate and Commercial Banking, Insurance Holdings, and Other, Treasury & Corporate. The Consumer Banking and Wealth segment consists of Retail Community Banking, National Consumer Finance, Services, Payments, Wealth Management and Banking Products and Professional Services and Mortgage Banking. The Corporate and Commercial Banking segment consists of Corporate and Investment Banking, Commercial Community Banking and Commercial Real Estate. The Insurance Holdings segment provides property and casualty, employee benefits and life insurance to businesses and individuals and also provides small business and corporate services, such as workers compensation and professional liability, as well as surety coverage and title insurance. It offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer fiRead More Receive TFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Truist Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address TFC Stock News HeadlinesFebruary 2, 2023 | americanbankingnews.comTruist Financial (NYSE:TFC) Stock Rating Lowered by StephensJanuary 26, 2023 | americanbankingnews.comTruist Financial Co. (TFC) to Issue Quarterly Dividend of $0.52 on March 1stFebruary 3, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 26, 2023 | americanbankingnews.comTruist Financial (NYSE:TFC) Shares Gap Up After Dividend AnnouncementJanuary 26, 2023 | americanbankingnews.comCritical Review: Truist Financial (NYSE:TFC) versus Hope Bancorp (NASDAQ:HOPE)January 25, 2023 | americanbankingnews.comTruist Financial Co. (NYSE:TFC) Expected to Post Q2 2023 Earnings of $1.11 Per ShareDecember 10, 2019 | finance.yahoo.comIs It Time To Consider Buying Truist Financial Corporation (NYSE:BBT)?December 7, 2019 | finance.yahoo.comHedge Funds Are Warming Up To BB&T Corporation (BBT)February 3, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! 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Email Address TFC Company Calendar Last Earnings10/14/2021Ex-Dividend for 12/1 Dividend11/09/2022Dividend Payable12/01/2022Today2/03/2023Ex-Dividend for 3/1 Dividend2/09/2023Dividend Payable3/01/2023Next Earnings (Estimated)4/18/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry National commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNYSE:TFC CUSIP89832Q109 CIK92230 Webwww.truist.com Phone(336) 733-2000Fax336-721-3499Employees52,641Year Founded2019Price Target and Rating Average Stock Price Forecast$51.91 High Stock Price Forecast$60.00 Low Stock Price Forecast$41.00 Forecasted Upside/Downside+3.0%Consensus RatingHold Rating Score (0-4)2.29 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$4.43 Trailing P/E Ratio11.37 Forward P/E Ratio10.39 P/E Growth1.27Net Income$6.26 billion Net Margins24.69% Pretax Margin30.25% Return on Equity12.53% Return on Assets1.27% Debt Debt-to-Equity Ratio0.80 Current Ratio0.81 Quick Ratio0.80 Sales & Book Value Annual Sales$25.36 billion Price / Sales2.64 Cash Flow$5.96 per share Price / Cash Flow8.46 Book Value$40.60 per share Price / Book1.24Miscellaneous Outstanding Shares1,326,770,000Free Float1,322,653,000Market Cap$66.86 billion OptionableOptionable Beta1.09 Social Links Key ExecutivesBill RogersChairman & Chief Executive OfficerMichael B. MaguireChief Financial OfficerClarke R. StarnesChief Risk Officer & Senior Executive VPCynthia B. PowellChief Accounting Officer, EVP & ControllerLissa MillerChief Supplier Diversity Officer & Senior VPKey CompetitorsThe PNC Financial Services GroupNYSE:PNCRegions FinancialNYSE:RFHuntington BancsharesNASDAQ:HBANKeyCorpNYSE:KEYU.S. BancorpNYSE:USBView All CompetitorsInsiders & InstitutionsFirst National Trust CoBought 1,119 shares on 2/2/2023Ownership: 0.007%Bailard Inc.Sold 795 shares on 2/2/2023Ownership: 0.004%X Square Capital LLCBought 503 shares on 2/2/2023Ownership: 0.003%Investors Asset Management of Georgia Inc. GA ADVBought 206 shares on 2/2/2023Ownership: 0.002%Legacy Wealth Asset Management LLCBought 265 shares on 2/2/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions TFC Stock - Frequently Asked Questions Should I buy or sell Truist Financial stock right now? 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Truist Financial in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TFC, but not buy additional shares or sell existing shares. View TFC analyst ratings or view top-rated stocks. What is Truist Financial's stock price forecast for 2023? 14 equities research analysts have issued 12 month target prices for Truist Financial's shares. Their TFC share price forecasts range from $41.00 to $60.00. On average, they expect the company's stock price to reach $51.91 in the next year. This suggests a possible upside of 3.0% from the stock's current price. View analysts price targets for TFC or view top-rated stocks among Wall Street analysts. How have TFC shares performed in 2023? Truist Financial's stock was trading at $43.03 on January 1st, 2023. Since then, TFC shares have increased by 17.1% and is now trading at $50.39. View the best growth stocks for 2023 here. When is Truist Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023. View our TFC earnings forecast. How were Truist Financial's earnings last quarter? Truist Financial Co. (NYSE:TFC) announced its earnings results on Thursday, October, 14th. The insurance provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.22. The insurance provider had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.53 billion. Truist Financial had a trailing twelve-month return on equity of 12.53% and a net margin of 24.69%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. Read the conference call transcript. How often does Truist Financial pay dividends? What is the dividend yield for Truist Financial? Truist Financial declared a quarterly dividend on Tuesday, January 24th. Stockholders of record on Friday, February 10th will be paid a dividend of $0.52 per share on Wednesday, March 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Thursday, February 9th. Read our dividend analysis for TFC. Is Truist Financial a good dividend stock? Truist Financial (NYSE:TFC) pays an annual dividend of $2.08 per share and currently has a dividend yield of 4.21%. TFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TFC will have a dividend payout ratio of 40.94% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TFC. What is Kelly S. King's approval rating as Truist Financial's CEO? 108 employees have rated Truist Financial Chief Executive Officer Kelly S. King on Glassdoor.com. Kelly S. King has an approval rating of 92% among the company's employees. This puts Kelly S. King in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Truist Financial own? Based on aggregate information from My MarketBeat watchlists, some companies that other Truist Financial investors own include Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Verizon Communications (VZ), Wells Fargo & Company (WFC), Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ) and Pfizer (PFE). What is Truist Financial's stock symbol? Truist Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "TFC." Who are Truist Financial's major shareholders? Truist Financial's stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.20%), DekaBank Deutsche Girozentrale (0.16%), Assenagon Asset Management S.A. (0.16%), Bank of Montreal Can (0.15%) and New York State Teachers Retirement System (0.11%). Insiders that own company stock include Brantley J Standridge, Brantley J Standridge, Clarke R Starnes III, Cynthia B Powell, Daryl N Bible, David Hudson Weaver, David M Ratcliffe, Ellen Koebler, Hugh S Cummins III, Joseph M Thompson, K David Jr Boyer, Kelly S King, Kimberly Moore-Wright, Michael Baron Maguire, Nido R Qubein, Scott Case, Steven C Voorhees, Thomas Nichols Thompson and William H Rogers Jr. View institutional ownership trends. How do I buy shares of Truist Financial? Shares of TFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Truist Financial's stock price today? One share of TFC stock can currently be purchased for approximately $50.39. How much money does Truist Financial make? Truist Financial (NYSE:TFC) has a market capitalization of $66.86 billion and generates $25.36 billion in revenue each year. The insurance provider earns $6.26 billion in net income (profit) each year or $4.43 on an earnings per share basis. How many employees does Truist Financial have? The company employs 52,641 workers across the globe. Does Truist Financial have any subsidiaries? The following companies are subsidiares of Truist Financial: Long Game, and United eWay.Read More How can I contact Truist Financial? Truist Financial's mailing address is 214 NORTH TRYON STREET, CHARLOTTE NC, 28202. The official website for the company is www.truist.com. The insurance provider can be reached via phone at (336) 733-2000, via email at investors@truist.com, or via fax at 336-721-3499. This page (NYSE:TFC) was last updated on 2/3/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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