Truist Financial Corporation (TFC): What is the Risk Factor?

Truist Financial Corporation (NYSE:TFC) saw a downside of -0.28% to close Monday at $60.05 after subtracting -$0.17 on the day. The 5-day average trading volume is 5,321,880 shares of the company’s common stock. It has gained $61.16 in the past week. An average of 5,831,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,762,058.

TFC’s 1-month performance is 6.10% or $3.60 on its low of $52.63 reached on 09/20/21. The company’s shares have touched a 52-week low of $37.94 and high of $62.69, with the stock’s rally to the 52-week high happening on 05/18/21. YTD, TFC has achieved 25.29% or $12.12. However, the current price is down -4.21%% from the 52-week high price.

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Insider Transactions

On Sep 23, 12 days have gone by since the last insider trading activity for Truist Financial Corporation (TFC). Boyer K. David Jr. (Director) most recently sold 1,423 shares at $56.91 per share on Sep 23. This transaction cost the insider $80,977. Sr. Executive Vice President, Standridge Brantley J, sold 4,500 shares at a price of $55.11 on Aug 19. Then, on Jun 18, Director Boyer K. David Jr. sold 1,500 shares at a price of $53.11 per share. This transaction amounted to $79,659.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 20.45 and a low of 6.832. TFC stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.51 while the price-to-book (PB) in the most recent quarter is 1.30, with the price to cash flow ratio at 23.58.

Truist Financial Corporation pays an annual dividend of $1.92 per share. Its dividend yield is 3.20% and the payout ratio is 46.60%. TFC’s most recent quarterly dividend payment was made on Sep. 1, when it paid $0.48 a share compared with prior rate of $0.45, up 6.25% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.03 reported on Tuesday July 27 2021.

It is projected that Truist Financial Corporation’s next ex-dividend date will be on 12-Nov-2021. TFC is expected to distribute $0.48 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.60, while the total debt to equity was 0.60 while for the period ending June 29; Truist Financial Corporation’s operating margin was 96.30%. The firm’s gross profit as reported stood at $13.83 billion against revenue of $15.55 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected TFC to announce $1.18 per share in earnings in its latest quarter, but it posted $1.55, representing a 31.40% surprise. TFC stock balance sheet for the quarter ending June 29 shows that, with total debt at $45.94 billion. Shareholders hold equity totaling $1.33 billion

Technical Picture

Let’s look briefly at Truist Financial Corporation (TFC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 66.18% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.50%.

The stock’s 5-day moving average is $59.51, reflecting a -0.17% or -$0.10 change from its current price. TFC is currently trading +6.38% above its 20-day SMA, +0.74% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +10.26% and +27.14% respectively.

Stochastic %K and %D was 84.93% and 82.80% and the average true range (ATR) pointed at 1.53. The RSI (14) points at 62.78%, while the 14-day stochastic is at 86.99% with the period’s ATR at 1.47. The stock’s 9-day MACD Oscillator is pointing at 1.03 and 2.42 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Truist Financial Corporation (NYSE: TFC), Citigroup upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for TFC stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate TFC as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 have offered a “buy” rating.

What is TFC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $52.00 and a high of $76.00, with their median price target at $64.00. Looking at these predictions, the average price target given by analysts is for Truist Financial Corporation (TFC) stock is $63.61.


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