Truist Financial (NYSE:TFC) Posts Quarterly Earnings Results, Hits Expectations

Truist Financial (NYSE:TFC) announced its quarterly earnings data on Thursday. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.87, RTT News reports. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. During the same period in the previous year, the business earned $0.90 EPS. Truist Financial updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Truist Financial Price Performance

TFC stock opened at $36.01 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.61. The firm has a market cap of $47.01 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.63 and a beta of 0.91. The company’s fifty day simple moving average is $41.66 and its 200 day simple moving average is $43.86. Truist Financial has a 12-month low of $33.56 and a 12-month high of $49.06.

Truist Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Friday, February 14th. Truist Financial’s dividend payout ratio (DPR) is presently 62.46%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Truist Financial stock. Brighton Jones LLC grew its holdings in shares of Truist Financial Co. (NYSE:TFC) by 148.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,581 shares of the insurance provider’s stock after buying an additional 14,093 shares during the period. Brighton Jones LLC’s holdings in Truist Financial were worth $1,023,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 71.28% of the company’s stock.

Analyst Upgrades and Downgrades

TFC has been the subject of several recent analyst reports. Barclays upped their price objective on Truist Financial from $47.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Robert W. Baird upgraded shares of Truist Financial from a “neutral” rating to an “outperform” rating and raised their price target for the company from $48.00 to $52.00 in a research note on Wednesday, March 5th. Hsbc Global Res upgraded shares of Truist Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on shares of Truist Financial from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, Stephens boosted their target price on shares of Truist Financial from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Truist Financial has an average rating of “Moderate Buy” and a consensus price target of $50.22.

About Truist Financial

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.