FY2027 EPS Estimate for Truist Financial Raised by Analyst

Truist Financial Co. (NYSE:TFC) – Analysts at Zacks Research lifted their FY2027 earnings per share estimates for Truist Financial in a report released on Tuesday, April 15th. Zacks Research analyst R. Department now anticipates that the insurance provider will post earnings per share of $4.66 for the year, up from their prior estimate of $4.64. The consensus estimate for Truist Financial’s current full-year earnings is $4.00 per share.

Truist Financial (NYSE:TFC) last issued its quarterly earnings data on Thursday, April 17th. The insurance provider reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the company earned $0.90 EPS.

Several other research analysts also recently commented on TFC. Baird R W upgraded shares of Truist Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Hsbc Global Res raised Truist Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered their target price on Truist Financial from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company decreased their price target on shares of Truist Financial from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Morgan Stanley dropped their price objective on shares of Truist Financial from $50.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.22.

Truist Financial Stock Performance

TFC opened at $35.88 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 0.83. Truist Financial has a 52-week low of $33.56 and a 52-week high of $49.06. The firm has a market cap of $46.83 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 1.63 and a beta of 0.91. The business’s fifty day moving average is $41.44 and its 200-day moving average is $43.82.

Truist Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.08 dividend on an annualized basis and a yield of 5.80%. Truist Financial’s payout ratio is currently 62.46%.

Hedge Funds Weigh In On Truist Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bangor Savings Bank grew its holdings in Truist Financial by 92.5% in the fourth quarter. Bangor Savings Bank now owns 566 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 272 shares during the period. Hopwood Financial Services Inc. acquired a new stake in shares of Truist Financial in the 4th quarter valued at about $26,000. Navigoe LLC bought a new stake in Truist Financial in the 4th quarter valued at about $26,000. Curio Wealth LLC bought a new position in Truist Financial in the fourth quarter worth approximately $45,000. Finally, City State Bank boosted its holdings in Truist Financial by 158.1% in the fourth quarter. City State Bank now owns 1,169 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 716 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors.

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.