The stock of Truist Financial Corporation (NYSE:TFC) decreased by -$1.16 on Monday to finish at $30.57, down -3.66 percent. The last five days have seen an average of 11,866,000 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$12.46. The average number of shares traded over the last 20 days was 11,309,145, while the average volume over the last 50 days totaled 10,719,810.
TFC stock dropped -7.64% since last month. On 08/14/23, the company’s shares reached a one-month low of $30.42. The stock touched a high of $52.22 on 01/24/23, after rallying from a low of $25.56 in 52 weeks. The price of TFC stock has declined by -28.96% or -$12.46 this year, reaching a new high 11 times. Still, the stock price is down -41.46% from the 52-week high.
Insider Transactions
TFC stock investors should be aware that Truist Financial Corporation (TFC) stock had its last reported insider trading activity 104 days ago on May 03. On May 03, Director PATTON CHARLES A acquired 1,332 shares at $19.00 each. This transaction resulted in the insider spending $25,308. On May 02, PATTON CHARLES A added 3,668 shares at a price of US$19.00. After the transaction, the insider now owns 3,668 shares. Director RATCLIFFE DAVID M had earlier bought 13,125 shares on Mar 10 for $38.08 a share. The transaction was completed for $499,820.
Valuation Metrics
Truist Financial Corporation (TFC) has a trailing price-to-earnings (P/E) ratio of 7.06. Beta for the stock is 1.05. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.87, the price-to-book (PB) ratio of 0.72, and the price-to-cash flow ratio of 3.94.
Company paid $0.52 per share in dividends, remained unchanged from $0.52 last year. A $0.04 dividend increase was reported on Tuesday July 26 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.79, and the total debt to equity ratio is 0.79. Truist Financial Corporation’s operating margin stood at 62.50% for the same period. Based on annual data, it had gross profit of $14.32 billion and revenue of $16.64 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TFC’s return on assets (ROA) during the last 12 months has been 1.00%. There was a 12.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.50%.
Earnings Surprise
According to Truist Financial Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Truist Financial Corporation’s quarterly earnings would be $0.95, but it ended up being $1.01, beating the consensus by -5.90%. At the end of Truist Financial Corporation’s most recent quarter ended June 29, its total debt was $73.79 billion. Equity owned by shareholders amounts to $1.33 billion.
Technical Picture
Here’s a quick look at Truist Financial Corporation’s (TFC) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 32.60%, suggesting the stock is Neutral, with a 24.80% historical volatility rate.
The stochastic %K and %D were 17.57% and 21.90% respectively, while the average true range (ATR) was 1.01. Based on the 14-day stochastic reading of 4.70%, the RSI (14) reading is 39.11%. On the 9-day MACD Oscillator, the stock is at -0.62, and the 14-day reading is at -0.98.
Analyst Ratings
Truist Financial Corporation (NYSE: TFC) was downgraded by Jefferies to a a Hold rating in its latest research report. The stock was previously rated as a a Buy.
