As of Wednesday close, Truist Financial Corporation’s (NYSE:TFC) stock was down -$0.23, moving down -0.80 percent to $28.37. The average number of shares traded per day over the past five days has been 12,690,960 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.25 fall in that time frame. In the last twenty days, the average volume was 10,222,685, while in the previous 50 days, it was 10,650,874.
Since last month, TFC stock retreated -0.84%. Shares of the company fell to $27.95 on 08/22/23, the lowest level in the past month. A 52-week high of $51.26 was reached on 01/24/23 after having rallying from a 52-week low of $25.56. Since the beginning of this year, TFC’s stock price has dropped by -34.07% or -$14.66, and marked a new high 11 times. However, the stock has declined by -44.65% since its 52-week high.
TFC stock investors should be aware that Truist Financial Corporation (TFC) stock had its last reported insider trading activity 141 days ago on May 03. PATTON CHARLES A, the Director of the company, purchased of 1,332 shares for $19.00 on May 03. It resulted in a $25,308 investment by the insider. PATTON CHARLES A added 3,668 shares at an average price of $19.00 on May 02. The insider now owns 3,668 shares following the transaction. On Mar 10, Director RATCLIFFE DAVID M bought 13,125 shares at $38.08 apiece. The transaction was valued at $499,820.
Valuation Metrics
Right now, Truist Financial Corporation (TFC) has a P/E ratio of about 6.55. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 0.66, and the price-to-cash flow ratio of 3.74 may also be considered.
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 June 29 was 0.79, and the total debt-to-equity ratio was 0.79. In the year ended June 29, operating margins totaled 62.50%. Based on annual data, TFC earned $14.32 billion in gross profit and brought in $16.64 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 12.50%. Return on equity (ROE) for the past 12 months was 10.50%.
In Truist Financial Corporation’s quarter-end financial report for June 29, it reported total debt of $44.75 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 $1.01 quarterly earnings, the actual figure was $0.95 per share, beating the consensus estimate by -5.90%. 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 32.24%, the RSI 9-day stood at 35.85% on 20 September.
With respect to its five-day moving average, the current Truist Financial Corporation price is down by -0.87% percent or -$0.25. At present, TFC shares trade +1.14% above its 20-day simple moving average and -9.59% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.65% below its SMA50 and -38.62% below its SMA200.
Stochastic coefficient K was 12.51% and Stochastic coefficient D was 16.93%, while ATR was 0.90. Given the Stochastic reading of 8.31% for the 14-day period, the RSI (14) reading has been calculated as 38.69%. As of today, the MACD Oscillator reading stands at -0.63, while the 14-day reading stands at -0.99.
Analyst Ratings
Truist Financial Corporation downgraded its rating on Truist Financial Corporation (NYSE: TFC) to a Neutral in a note to investors on September 15, 2023. The analysts firm previously had an Overweight rating on the stock.Truist Financial Corporation (TFC) has been rated Overweight by analysts. According to 1 brokerage firm, TFC is a sell, and 16 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Truist Financial Corporation stock as buy, with 7 recommending it as overweight.
With a median target price of $36.00, the current consensus forecast for the stock is $29.00 – $45.00. Based on these forecasts, analysts predict Truist Financial Corporation (TFC) will achieve an average price target of $35.88.
