FY2026 EPS Estimates for Truist Financial Co. Cut by Zacks Research (NYSE:TFC)

Truist Financial Co. (NYSE:TFC) – Research analysts at Zacks Research decreased their FY2026 earnings per share estimates for Truist Financial in a research report issued on Tuesday, September 24th. Zacks Research analyst R. Department now expects that the insurance provider will post earnings of $4.38 per share for the year, down from their previous estimate of $4.40. The consensus estimate for Truist Financial’s current full-year earnings is $3.55 per share.

Several other research analysts have also issued reports on the company. Citigroup lowered Truist Financial from a “buy” rating to a “neutral” rating and boosted their target price for the company from $45.00 to $47.00 in a research report on Wednesday, July 24th. Argus boosted their price objective on shares of Truist Financial from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Robert W. Baird downgraded shares of Truist Financial from an “outperform” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research note on Wednesday, July 17th. Stephens reaffirmed an “overweight” rating and set a $50.00 price target on shares of Truist Financial in a research report on Tuesday, September 10th. Finally, Barclays upped their target price on Truist Financial from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.45.

Truist Financial Trading Up 0.4 %

TFC opened at $42.52 on Friday. Truist Financial has a 12 month low of $26.57 and a 12 month high of $45.31. The stock has a 50-day moving average of $42.79 and a 200 day moving average of $39.66. The firm has a market cap of $56.94 billion, a P/E ratio of -32.21, a P/E/G ratio of 1.93 and a beta of 1.06. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

Truist Financial (NYSE:TFC) last released its quarterly earnings results on Monday, July 22nd. The insurance provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.84 by $0.07. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.83 billion. Truist Financial had a positive return on equity of 9.18% and a negative net margin of 5.63%. The firm’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.95 earnings per share.

Institutional Trading of Truist Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Crewe Advisors LLC purchased a new position in shares of Truist Financial during the 1st quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new position in Truist Financial in the first quarter valued at $29,000. MFA Wealth Advisors LLC acquired a new position in Truist Financial in the second quarter valued at $30,000. Y.D. More Investments Ltd acquired a new position in Truist Financial in the second quarter valued at $31,000. Finally, Rise Advisors LLC purchased a new stake in shares of Truist Financial in the first quarter valued at about $32,000. Institutional investors and hedge funds own 71.28% of the company’s stock.

Insider Transactions at Truist Financial

In related news, VP Cynthia B. Powell sold 6,688 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $44.14, for a total transaction of $295,208.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Truist Financial news, CEO William H. Rogers, Jr. acquired 57,300 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was bought at an average price of $43.96 per share, for a total transaction of $2,518,908.00. Following the acquisition, the chief executive officer now owns 569,271 shares in the company, valued at $25,025,153.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Cynthia B. Powell sold 6,688 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $44.14, for a total transaction of $295,208.32. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Truist Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.89%. The ex-dividend date was Friday, August 9th. Truist Financial’s payout ratio is currently -157.58%.

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.