A Look At Insider Reactions To Truist Financial Corporation (TFC)


As of Wednesday close, Truist Financial Corporation’s (NYSE:TFC) stock was up $0.01, moving up 0.02 percent to $46.43. The average number of shares traded per day over the past five days has been 4,330,220 shares. 4 times new highs have been achieved over the past 5 days, with a $0.90 gain in that time frame. In the last twenty days, the average volume was 6,310,770, while in the previous 50 days, it was 7,011,380.

Since last month, TFC stock rose 5.88%. Shares of the company fell to $41.53 on 10/24/22, the lowest level in the past month. A 52-week high of $68.95 was reached on 01/18/22 after having rallying from a 52-week low of $40.01. Since the beginning of this year, TFC’s stock price has dropped by -20.70% or -$12.12, and marked a new high 10 times. However, the stock has declined by -32.66% since its 52-week high.

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TFC stock investors should be aware that Truist Financial Corporation (TFC) stock had its last reported insider trading activity 128 days ago on Jul 20. ROGERS WILLIAM H JR, the Chairman and CEO of the company, disposed of 142,606 shares for $47.78 on Jul 20. It resulted in a $6,813,429 divestment by the insider. RATCLIFFE DAVID M added 132 shares at an average price of $46.99 on Jun 22. The insider now owns 3,055 shares following the transaction. On May 04, Director VOORHEES STEVEN C bought 20,000 shares at $49.82 apiece. The transaction was valued at $996,320.

Valuation Metrics

Right now, Truist Financial Corporation (TFC) has a P/E ratio of about 10.65. The stock’s beta is 1.07. Besides these, the trailing price-to-sales (P/S) ratio of 4.11, the price-to-book (PB) ratio of 1.14.

The latest dividend of $0.52 per share was paid out, remained unchanged from last year’s $0.52. On Tuesday July 26 2022, a $0.04 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.58, and the total debt-to-equity ratio was 0.58. In the year ended September 29, operating margins totaled 90.30%. Based on annual data, TFC earned $13.01 billion in gross profit and brought in $13.77 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.60%. Return on equity (ROE) for the past 12 months was 10.10%.

In Truist Financial Corporation’s quarter-end financial report for September 29, it reported total debt of $30.32 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Truist Financial Corporation to report $1.24 quarterly earnings, the actual figure was $1.24 per share. The value of shareholders’ equity is $1.33 billion.

Technical Picture

This quick technical analysis looks at Truist Financial Corporation’s (TFC) price momentum. With a historical volatility rate of 23.98%, the RSI 9-day stood at 59.30% on 23 November.

With respect to its five-day moving average, the current Truist Financial Corporation price is up by +1.98% percent or $0.90. At present, TFC shares trade +5.02% above its 20-day simple moving average and -4.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.94% below its SMA50 and -29.49% below its SMA200.

Stochastic coefficient K was 78.01% and Stochastic coefficient D was 72.45%, while ATR was 1.18. Given the Stochastic reading of 78.88% for the 14-day period, the RSI (14) reading has been calculated as 56.50%. As of today, the MACD Oscillator reading stands at 0.22, while the 14-day reading stands at 0.91.

Analyst Ratings

Truist Financial Corporation downgraded its rating on Truist Financial Corporation (NYSE: TFC) to an In-line in a note to investors on October 19, 2022. The analysts firm previously had an Outperform rating on the stock.Truist Financial Corporation (TFC) has been rated Overweight by analysts. According to 2 brokerage firms, TFC is a sell, and 13 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Truist Financial Corporation stock as buy, with 9 recommending it as overweight.

With a median target price of $52.50, the current consensus forecast for the stock is $42.00 – $64.00. Based on these forecasts, analysts predict Truist Financial Corporation (TFC) will achieve an average price target of $52.64.


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