Truist Financial Corporation [NYSE: TFC] jumped around 0.34 points on Wednesday, while shares priced at $58.58 at the close of the session, up 0.58%. The company report on March 12, 2021 that Truist announces first-quarter 2021 earnings call details.
Truist Financial Corporation (NYSE: TFC) will report first-quarter 2021 financial results before the market opens on Thursday, April 15, 2021. Chairman and Chief Executive Officer Kelly S. King, President and Chief Operating Officer William H. Rogers, Jr., and Chief Financial Officer Daryl N. Bible will host a conference call to review the company’s financial results at 8 a.m. ET.
Investors can access a live audio webcast of the earnings call and view the news release and presentation materials at ir.truist.com under “Events & Presentations.” The conference call can also be accessed by dialing 866-519-2796 and using passcode 391805. A replay of the call will be available by telephone for 30 days at 888-203-1112; use passcode 391805.
Truist Financial Corporation stock is now 22.22% up from its year-to-date (YTD) trading value. TFC Stock saw the intraday high of $59.37 and lowest of $57.92 per share. The company’s 52-week high price is 61.26, which means current price is +25.42% above from all time high which was touched on 02/25/21.
Compared to the average trading volume of 5.83M shares, TFC reached a trading volume of 5354418 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Truist Financial Corporation [TFC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TFC shares is $58.72 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TFC stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 07, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price from $48 to $55. The new note on the price target was released on January 07, 2021, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise from $49 to $50, while Keefe Bruyette kept a Mkt Perform rating on TFC stock.
The Average True Range (ATR) for Truist Financial Corporation is set at 1.64, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 4.99. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 21.51. Price to Free Cash Flow for TFC in the course of the last twelve months was 18.48.
How has TFC stock performed recently?
Truist Financial Corporation [TFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.37. With this latest performance, TFC shares gained by 5.27% in over the last four-week period, additionally plugging by 48.64% over the last 6 months – not to mention a rise of 100.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TFC stock in for the last two-week period is set at 56.42, with the RSI for the last a single of trading hit 53.13, and the three-weeks RSI is set at 58.03 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 54.35, while it was recorded at 59.03 for the last single week of trading, and 44.57 for the last 200 days.
Truist Financial Corporation [TFC]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Truist Financial Corporation [TFC] shares currently have an operating margin of +27.20. Truist Financial Corporation’s Net Margin is presently recorded at +18.56.
Return on Total Capital for TFC is now 5.32, given the latest momentum, and Return on Invested Capital for the company is 4.28. Return on Equity for this stock inclined to 6.53, with Return on Assets sitting at 0.91. When it comes to the capital structure of this company, Truist Financial Corporation [TFC] has a Total Debt to Total Equity ratio set at 67.20. Additionally, TFC Total Debt to Total Capital is recorded at 40.19, with Total Debt to Total Assets ending up at 9.28. Long-Term Debt to Equity for the company is recorded at 56.98, with the Long-Term Debt to Total Capital now at 30.20.
Earnings analysis for Truist Financial Corporation [TFC]
With the latest financial reports released by the company, Truist Financial Corporation posted 0.83/share EPS, while the average EPS was predicted by analysts to be reported at 0.67/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 23.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TFC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Truist Financial Corporation go to -9.10%.
Insider trade positions for Truist Financial Corporation [TFC]
There are presently around $57,429 million, or 73.60% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 105,915,927, which is approximately -1.446% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 89,294,163 shares of the stock with an approximate value of $5.23 billion in TFC stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $4.4 billion in TFC stock with ownership of nearly -0.486% of the company’s market capitalization.
Positions in Truist Financial Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 649 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 51,409,284 shares. Additionally, 551 investors decreased positions by around 57,426,168 shares, while 149 investors held positions by with 871,522,129 shares. The mentioned changes placed institutional holdings at 980,357,581 shares, according to the latest SEC report filing. TFC stock had 196 new institutional investments in for a total of 13,562,630 shares, while 60 institutional investors sold positions of 4,968,104 shares during the same period.