Is Truist Financial Corporation (NYSE: TFC) The Best Stock To Invest In?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Truist declares common and preferred stock dividends.

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Stocks Info

Truist Financial Corporation is listed on the NYSE in the Financial sector while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $36.82 and fluctuated between $37.30 as its day high and $36.63 as its day low. The current market capitalization of Truist Financial Corporation is $49.11B. A total of 6.34 million shares were traded on the day, compared to an average of 9.39M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, TFC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 55 BUYs and 15 SELLs from insiders. Insiders purchased 528,202 shares during that period but sold 209,653.

In the most recent transaction, ROGERS WILLIAM H JR bought 10,000 shares of TFC for 28.05 per share on Oct 20. After the transaction, the Chairman & CEO now owns 412,924 company shares. In a previous transaction on May 03, PATTON CHARLES A bought 1,332 shares at 19.00 per share. TFC shares that Director owns now total 5,000.

Among the insiders who bought shares, PATTON CHARLES A acquired of 3,668 shares on May 02 at a per-share price of $19.00. This resulted in the Director holding 3,668 shares of TFC after the transaction. In another insider transaction, RATCLIFFE DAVID M bought 13,125 shares at $38.08 per share on Mar 10. Company shares held by the Director now total 39,025.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. TFC’s most recent ex-dividend date was when it declared a $0.52 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/9/2023. The TFC stock dividend was $0.52 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, TFC has a high of $51.26 and a low of $25.56.

As of this writing, TFC has an earnings estimate of $0.81 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.91 per share and a lower estimate of $0.74. The company reported an EPS of $0.84 in the last quarter, which was 2.40% higher than expectations of $0.82.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $39.36, while its Total Shareholder’s Equity was $69.27B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 3.90.

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