Truist Financial (NYSE:TFC) Posts Quarterly Earnings Results, Hits Estimates

Truist Financial (NYSE:TFC) posted its quarterly earnings results on Thursday. The insurance provider reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87, RTT News reports. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. During the same period in the prior year, the company posted $0.90 EPS. Truist Financial updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Truist Financial Price Performance

Shares of NYSE TFC opened at $36.01 on Thursday. The firm has a fifty day moving average of $41.66 and a 200 day moving average of $43.86. Truist Financial has a one year low of $33.56 and a one year high of $49.06. The firm has a market cap of $47.01 billion, a PE ratio of 10.81, a PEG ratio of 1.63 and a beta of 0.91. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 5.78%. The ex-dividend date was Friday, February 14th. Truist Financial’s payout ratio is currently 62.46%.

Analyst Ratings Changes

Several research firms have issued reports on TFC. StockNews.com lowered Truist Financial from a “hold” rating to a “sell” rating in a report on Saturday, April 12th. Wells Fargo & Company lowered their price target on shares of Truist Financial from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Raymond James cut Truist Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Citigroup dropped their price objective on shares of Truist Financial from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, Baird R W raised shares of Truist Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Truist Financial presently has an average rating of “Moderate Buy” and an average price target of $50.22.

Institutional Investors Weigh In On Truist Financial

A hedge fund recently raised its stake in Truist Financial stock. Brighton Jones LLC raised its stake in Truist Financial Co. (NYSE:TFC) by 148.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,581 shares of the insurance provider’s stock after buying an additional 14,093 shares during the quarter. Brighton Jones LLC’s holdings in Truist Financial were worth $1,023,000 at the end of the most recent quarter. Institutional investors own 71.28% of the company’s stock.

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.