Zacks Research Has Negative Estimate for TFC Q1 Earnings

Truist Financial Co. (NYSE:TFC) – Investment analysts at Zacks Research cut their Q1 2026 earnings per share estimates for shares of Truist Financial in a research note issued on Thursday, June 5th. Zacks Research analyst R. Department now expects that the insurance provider will earn $1.00 per share for the quarter, down from their prior estimate of $1.01. 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 $1.17 EPS and FY2026 earnings at $4.29 EPS.

A number of other research firms also recently weighed in on TFC. Wells Fargo & Company cut their target price on Truist Financial from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Keefe, Bruyette & Woods lowered their price target on Truist Financial from $53.00 to $47.00 and set an “outperform” rating for the company in a report on Monday, April 21st. Morgan Stanley lowered their price target on Truist Financial from $50.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, April 7th. Piper Sandler lowered their price target on Truist Financial from $45.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered their price target on Truist Financial from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

Truist Financial Stock Performance

NYSE:TFC opened at $40.75 on Monday. The stock has a fifty day moving average price of $38.48 and a 200-day moving average price of $42.55. The company has a market cap of $53.37 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.63 and a beta of 0.84. 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 fifty-two week low of $33.56 and a fifty-two week high of $49.06.

Truist Financial (NYSE:TFC) last released its earnings results on Thursday, April 17th. The insurance provider reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. The firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.99 billion. 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.

Hedge Funds Weigh In On Truist Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new position in Truist Financial in the 1st quarter worth about $25,000. Hopwood Financial Services Inc. bought a new stake in shares of Truist Financial in the 4th quarter valued at about $26,000. Navigoe LLC bought a new stake in shares of Truist Financial in the 4th quarter valued at about $26,000. Centennial Bank AR grew its position in shares of Truist Financial by 360.2% in the 1st quarter. Centennial Bank AR now owns 741 shares of the insurance provider’s stock valued at $30,000 after buying an additional 580 shares during the last quarter. Finally, Motco grew its position in shares of Truist Financial by 435.6% in the 1st quarter. Motco now owns 798 shares of the insurance provider’s stock valued at $33,000 after buying an additional 649 shares during the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Truist Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.08 dividend on an annualized basis and a yield of 5.10%. Truist Financial’s payout ratio is presently 61.36%.

Truist Financial Company Profile

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.