Truist Financial Corporation [TFC] Stock trading around $49.11 per share: What’s Next?

Truist Financial Corporation [NYSE: TFC] stock went on a downward path that fall over -0.32% on Wednesday, amounting to a one-week price decrease of less than -4.08%. The company report on August 24, 2022 that Truist appoints industry veteran Scott Stanzel as EVP, chief communications officer.


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Truist Financial Corporation (NYSE: TFC) today announced that Scott Stanzel will join the company as executive vice president and chief communications officer, effective Oct. 1, 2022. Stanzel will report to Chief Legal Officer and Head of Public Affairs Ellen Fitzsimmons and will lead the bank’s corporate communications function, overseeing internal and external communications from the bank’s Charlotte, North Carolina, headquarters.

“Scott is a forward-thinking, compelling leader with an extensive banking, technology and public sector background. His experience and insights will immediately help Truist even more constructively and impactfully engage our numerous stakeholders,” said Fitzsimmons. “Transparent, accountable, actionable and timely communication is critical to advancing Truist’s purpose to inspire and build better lives and communities, and we look forward to the expertise and contributions Scott will bring to our team. Additionally, we are deeply grateful to Brian Davis for his service as head of communications and pleased he will be taking on a new role at Truist, which will be announced soon.”.

Over the last 12 months, TFC stock dropped by -13.40%. The one-year Truist Financial Corporation stock forecast points to a potential upside of 12.99. The average equity rating for TFC stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $66.19 billion, with 1.33 billion shares outstanding and 1.32 billion shares in the current float. Compared to the average trading volume of 5.68M shares, TFC stock reached a trading volume of 2540326 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $56.44 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 2.50. 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.

Compass Point have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 15, 2022. The new note on the price target was released on April 11, 2022, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise to $58, while BofA Securities analysts kept a Neutral rating on TFC stock. On January 19, 2022, analysts increased their price target for TFC shares from 63 to 77.

The Average True Range (ATR) for Truist Financial Corporation is set at 1.01, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 4.77. The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 24.02.

TFC Stock Performance Analysis:

Truist Financial Corporation [TFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.08. With this latest performance, TFC shares gained by 1.32% in over the last four-week period, additionally sinking by -18.96% over the last 6 months – not to mention a drop of -13.40% 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 45.31, with the RSI for the last a single of trading hit 38.70, and the three-weeks RSI is set at 47.96 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 48.70, while it was recorded at 49.96 for the last single week of trading, and 55.22 for the last 200 days.

Insight into Truist Financial Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Truist Financial Corporation [TFC] shares currently have an operating margin of +37.99. Truist Financial Corporation’s Net Margin is presently recorded at +27.77.

Return on Equity for this stock inclined to 9.19, with Return on Assets sitting at 1.22.

TFC Stock EPS

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 2.75%.

Truist Financial Corporation [TFC] Insider Position Details

There are presently around $48,418 million, or 75.90% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 119,837,620, which is approximately 1.639% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 96,605,399 shares of the stock with an approximate value of $4.74 billion in TFC stocks shares; and JPMORGAN CHASE & CO, currently with $3.03 billion in TFC stock with ownership of nearly 10.262% of the company’s market capitalization.

Positions in Truist Financial Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 728 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 70,187,233 shares. Additionally, 632 investors decreased positions by around 66,033,330 shares, while 219 investors held positions by with 849,696,529 shares. The mentioned changes placed institutional holdings at 985,917,092 shares, according to the latest SEC report filing. TFC stock had 88 new institutional investments in for a total of 7,450,919 shares, while 124 institutional investors sold positions of 6,294,003 shares during the same period.

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