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Saturday, June 3, 2023

Truist Financial Corporation (TFC): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 $0.03, or 0.11%, to $27.90. The Truist Financial Corporation has recorded 267,683 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Accion Opportunity Fund Receives $1.5 Million Grant From Truist Foundation To Support Women, Latine and Black Truck Drivers.

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Stocks Info

This NYSE-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $27.87 and fluctuated between $27.92 as its day high and $27.24 as its day low. The current market capitalization of Truist Financial Corporation is $36.48B. A total of 11.17 million shares were traded on the day, compared to an average of 15.91M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TFC has seen 50 BUY and 13 SELL insider trades, representing the acquisition of 447,317 and the disposition of 170,021 shares. Over the last 12 months, there were 60 BUYs and 25 SELLs from insiders. Insiders purchased 972,758 shares during that period but sold 561,757.

In the most recent transaction, PATTON CHARLES A bought 1,332 shares of TFC for 19.00 per share on May 03. After the transaction, the Director now owns 5,000 company shares. In a previous transaction on May 02, PATTON CHARLES A bought 3,668 shares at 19.00 per share. TFC shares that Director owns now total 3,668.

Among the insiders who bought shares, RATCLIFFE DAVID M acquired of 13,125 shares on Mar 10 at a per-share price of $38.08. This resulted in the Director holding 39,025 shares of TFC after the transaction. In another insider transaction, Cummins Hugh S. III sold 35,229 shares at $49.05 per share on Jan 27. Company shares held by the Vice Chair now total 307,069.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Truist Financial Corporation pays an annual dividend of $2.08, resulting in a dividend yield of 7.46%, and it has a price to earnings (P/E) ratio of 6.20. TFC’s most recent ex-dividend date was 5/11/2023 when it declared a $0.52 quarterly dividend that was paid in cash on 6/1/2023. Previously, the company paid the dividend on 3/1/2023 with an ex-dividend date of 2/9/2023. The TFC stock dividend was $0.52 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TFC in the last 3 months, the mean price target is $40.05 with high estimates of $50.00 and low estimates of $31.00. In terms of 52-week highs and lows, TFC has a high of $52.22 and a low of $25.56.

As of this writing, TFC has an earnings estimate of $1.11 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.27 per share and a lower estimate of $1. The company reported an EPS of $1.3 in the last quarter, which was 1.60% higher than expectations of $1.28.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $41.92, while its Total Shareholder’s Equity was $69.27B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.79.

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