Equities Analysts Issue Forecasts for Truist Financial Co.’s FY2026 Earnings (NYSE:TFC)

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

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

Other analysts also recently issued research reports about the stock. Stephens restated an “overweight” rating and set a $50.00 price objective on shares of Truist Financial in a report on Tuesday, September 10th. Bank of America lifted their price target on shares of Truist Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods upped their price objective on Truist Financial from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Argus raised their target price on Truist Financial from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com cut Truist Financial from a “hold” rating to a “sell” 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.45.

Truist Financial Trading Up 0.4 %

Shares of Truist Financial stock opened at $42.52 on Friday. The firm has a market cap of $56.94 billion, a PE ratio of -32.21, a P/E/G ratio of 1.93 and a beta of 1.06. Truist Financial has a 1 year low of $26.57 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a fifty day moving average price of $42.79 and a 200-day moving average price of $39.70.

Institutional Investors Weigh In On Truist Financial

A number of large investors have recently modified their holdings of TFC. Capital International Investors boosted its position in Truist Financial by 93.7% during the 1st quarter. Capital International Investors now owns 11,643,242 shares of the insurance provider’s stock valued at $453,854,000 after acquiring an additional 5,632,493 shares in the last quarter. Azora Capital LP purchased a new stake in Truist Financial in the fourth quarter worth $72,498,000. Jennison Associates LLC raised its holdings in Truist Financial by 48.9% in the first quarter. Jennison Associates LLC now owns 3,840,374 shares of the insurance provider’s stock worth $149,698,000 after purchasing an additional 1,261,598 shares in the last quarter. Morningstar Investment Services LLC lifted its position in Truist Financial by 94.5% during the fourth quarter. Morningstar Investment Services LLC now owns 1,753,129 shares of the insurance provider’s stock valued at $65,374,000 after buying an additional 851,725 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Truist Financial by 44.4% during the 1st quarter. Nordea Investment Management AB now owns 2,712,848 shares of the insurance provider’s stock valued at $105,353,000 after buying an additional 834,048 shares in the last quarter. Institutional investors own 71.28% of the company’s stock.

Insider Buying and Selling

In related news, VP Cynthia B. Powell sold 6,688 shares of Truist Financial stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $44.14, for a total value of $295,208.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Truist Financial news, CEO William H. Rogers, Jr. purchased 57,300 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was bought at an average price of $43.96 per share, with a total value of $2,518,908.00. Following the completion of the purchase, the chief executive officer now directly owns 569,271 shares of the company’s stock, valued at approximately $25,025,153.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Cynthia B. Powell sold 6,688 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were 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. 0.17% of the stock is owned by corporate insiders.

Truist Financial Dividend Announcement

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

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.