Zacks Research Brokers Raise Earnings Estimates for TFC

Truist Financial Co. (NYSE:TFC) – Investment analysts at Zacks Research upped their Q2 2026 earnings per share estimates for shares of Truist Financial in a research report issued on Thursday, February 20th. Zacks Research analyst R. Department now expects that the insurance provider will post earnings per share of $1.07 for the quarter, up from their previous estimate of $1.06. The consensus estimate for Truist Financial’s current full-year earnings is $4.00 per share. Zacks Research also issued estimates for Truist Financial’s Q4 2026 earnings at $1.20 EPS, FY2026 earnings at $4.38 EPS and FY2027 earnings at $4.64 EPS.

A number of other equities research analysts have also recently weighed in on the company. Citigroup lifted their price target on Truist Financial from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 25th. The Goldman Sachs Group lifted their target price on Truist Financial from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler lifted their price objective on shares of Truist Financial from $46.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company lifted their price objective on shares of Truist Financial from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, HSBC upgraded shares of Truist Financial from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, January 7th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.79.

Truist Financial Trading Down 2.1 %

Shares of NYSE:TFC opened at $45.67 on Monday. The company’s 50-day moving average price is $45.61 and its 200 day moving average price is $44.52. The company has a market cap of $60.62 billion, a PE ratio of 13.71, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. Truist Financial has a fifty-two week low of $34.26 and a fifty-two week high of $49.06.

Truist Financial (NYSE:TFC) last posted its earnings results on Friday, January 17th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.05 billion. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share.

Truist Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, February 14th. This represents a $2.08 annualized dividend and a yield of 4.55%. Truist Financial’s payout ratio is presently 62.46%.

Insiders Place Their Bets

In other Truist Financial news, Director K. David Jr. Boyer sold 4,966 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $46.20, for a total transaction of $229,429.20. Following the sale, the director now directly owns 11,246 shares of the company’s stock, valued at $519,565.20. The trade was a 30.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Bangor Savings Bank increased its holdings in shares of Truist Financial by 92.5% in the 4th quarter. Bangor Savings Bank now owns 566 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 272 shares during the period. Valley Wealth Managers Inc. acquired a new position in Truist Financial in the 3rd quarter valued at approximately $26,000. Hopwood Financial Services Inc. acquired a new position in Truist Financial in the 4th quarter valued at approximately $26,000. Navigoe LLC acquired a new position in Truist Financial in the 4th quarter valued at approximately $26,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in Truist Financial in the 3rd quarter valued at approximately $32,000. 71.28% of the stock is owned by institutional investors and hedge funds.

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.