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Friday, December 2, 2022

The Question Is Whether To Buy Or Not To Buy Truist Financial Corporation (NYSE: TFC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Truist Financial Corporation (TFC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$1.31, or +2.93%, to $46.02. Volume reached 106,305 shares, with price reaching a high of $45.86 and a low of $45.77. The stock was recently discussed on Yahoo Finance as it revealed that Baltimore Community Lending Receives $600,000 Grant From Truist Foundation To Support Minority-and Women-Owned Small Businesses in Baltimore.


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Stocks Info

Truist Financial Corporation is listed on the NYSE as a member of the Financial sector and is a part of the Banks – Regional industry. At the end of the last regular session, the stock closed at $45.86 and fluctuated between $46.38 as its day high and $45.68 as its day low. The current market capitalization of Truist Financial Corporation is $61.43B. A total of 4.98 million shares were traded on the day, compared to an average of 5.30M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, TFC has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 142,606 and the disposition of 157,468 shares. Over the last 12 months, there were 69 BUYs and 44 SELLs from insiders. Insiders purchased 1,052,306 shares during that period but sold 843,772.

In the most recent transaction, ROGERS WILLIAM H JR sold 142,606 shares of TFC for 47.78 per share on Jul 20. After the transaction, the Chairman and CEO now owns 862,590 company shares. In a previous transaction on Jun 22, RATCLIFFE DAVID M bought 132 shares at 46.99 per share. TFC shares that Director owns now total 3,055.

Among the insiders who bought shares, VOORHEES STEVEN C acquired of 20,000 shares on May 04 at a per-share price of $49.82. This resulted in the Director holding 60,873 shares of TFC after the transaction. In another insider transaction, KING KELLY S sold 29 shares at $52.55 per share on Apr 21. Company shares held by the Director now total 1,237.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Truist Financial Corporation pays an annual dividend of $2.08, resulting in a dividend yield of 4.54%, and it has a price to earnings (P/E) ratio of 10.40. TFC’s most recent ex-dividend date was 08/11/2022 when it declared a $0.52 quarterly dividend that was paid in cash on 09/01/2022. Previously, the company paid the dividend on 06/01/2022 with an ex-dividend date of 05/12/2022. The dividend was $0.48 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for TFC in the last 3 months, the mean price target is $55.18 with high estimates of $70.00 and low estimates of $41.00. In terms of 52-week highs and lows, TFC has a high of $68.95 and a low of $42.56.

As of this writing, TFC has an earnings estimate of $1.28 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $1.33 per share and a lower estimate of $1.21. The company reported an EPS of $1.2 in the last quarter, which was 2.56% higher than expectations of $1.17.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 25 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TFC is Sell with a score of 3.93. A total of 10 analysts rated the stock as Buy while 1 rated it as Overweight while 12 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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