As of close of business last night, Truist Financial Corporation’s stock clocked out at $35.02, down -3.92% from its previous closing price of $36.45. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 10925186 shares were traded.
Ratios:
To gain a deeper understanding of TFC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.10 whereas as Long-Term Debt/Eq ratio is at 0.68.
Keefe Bruyette Upgraded its Mkt Perform to Outperform on September 21, 2023, whereas the target price for the stock was revised from $37 to $36.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 07 ’24 when Boyer K. David Jr. sold 3,764 shares for $37.48 per share. The transaction valued at 141,084 led to the insider holds 16,132 shares of the business.
ROGERS WILLIAM H JR bought 10,000 shares of TFC for $280,480 on Oct 20 ’23. The Chairman & CEO now owns 412,924 shares after completing the transaction at $28.05 per share. On May 03 ’23, another insider, PATTON CHARLES A, who serves as the Director of the company, bought 1,332 shares for $19.00 each. As a result, the insider paid 25,308 and bolstered with 5,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TFC now has a Market Capitalization of 46.74B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 0.89.
Stock Price History:
Over the past 52 weeks, TFC has reached a high of $38.47, while it has fallen to a 52-week low of $25.56. The 50-Day Moving Average of the stock is 36.46, while the 200-Day Moving Average is calculated to be 32.50.
Shares Statistics:
It appears that TFC traded 9.94M shares on average per day over the past three months and 10.17M shares per day over the past ten days. A total of 1.33B shares are outstanding, with a floating share count of 1.33B. Insiders hold about 0.33% of the company’s shares, while institutions hold 72.21% stake in the company. Shares short for TFC as of Feb 29, 2024 were 12.86M with a Short Ratio of 1.29, compared to 14.7M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.96% and a Short% of Float of 0.97%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.08, TFC has a forward annual dividend rate of 2.08. Against a Trailing Annual Dividend Yield of 5.71%, it implies a Forward Annual Dividend Yield of 5.94%. The stock’s 5-year Average Dividend Yield is 4.27. The current Payout Ratio is 45.17% for TFC, which recently paid a dividend on Mar 01, 2024 with an ex-dividend date of Feb 08, 2024. Stock splits for the company last occurred on Aug 04, 1998 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 16 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.82 for the current quarter, with a high estimate of $0.91 and a low estimate of $0.73, while EPS last year was $1.09. The consensus estimate for the next quarter is $0.88, with high estimates of $1.04 and low estimates of $0.8.
Analysts are recommending an EPS of between $3.75 and $3.16 for the fiscal current year, implying an average EPS of $3.44. EPS for the following year is $3.91, with 10 analysts recommending between $4.68 and $3.55.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $5.7B. It ranges from a high estimate of $5.79B to a low estimate of $5.65B. As of the current estimate, Truist Financial Corporation’s year-ago sales were $6.15B, an estimated decrease of -7.40% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $5.77B, a decrease of -3.50% over than the figure of -$7.40% in the same quarter last year. There is a high estimate of $5.83B for the next quarter, whereas the lowest estimate is $5.57B.
A total of 9 analysts have provided revenue estimates for TFC’s current fiscal year. The highest revenue estimate was $23.14B, while the lowest revenue estimate was $21.39B, resulting in an average revenue estimate of $22.66B. In the same quarter a year ago, actual revenue was $23.61B, down -4.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $23.29B in the next fiscal year. The high estimate is $25.27B and the low estimate is $20.48B. The average revenue growth estimate for next year is up 2.70% from the average revenue estimate for this year.
