Q2 EPS Estimates for Truist Financial Cut by Zacks Research

Truist Financial Co. (NYSE:TFC) – Research analysts at Zacks Research lowered their Q2 2026 EPS estimates for Truist Financial in a report released on Thursday, December 19th. Zacks Research analyst R. Department now expects that the insurance provider will post earnings of $1.05 per share for the quarter, down from their previous estimate of $1.08. The consensus estimate for Truist Financial’s current full-year earnings is $3.70 per share. Zacks Research also issued estimates for Truist Financial’s Q3 2026 earnings at $1.06 EPS and FY2026 earnings at $4.27 EPS.

Truist Financial (NYSE:TFC) last issued its earnings results on Thursday, October 17th. The insurance provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. Truist Financial had a positive return on equity of 9.35% and a negative net margin of 4.89%. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.05 billion.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada boosted their target price on shares of Truist Financial from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Stephens reissued an “overweight” rating and set a $50.00 price objective on shares of Truist Financial in a report on Tuesday, September 10th. Keefe, Bruyette & Woods upped their price target on Truist Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Compass Point raised their price objective on shares of Truist Financial from $47.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group upped their target price on shares of Truist Financial from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $48.53.

Truist Financial Stock Performance

NYSE TFC opened at $43.99 on Monday. The company’s 50 day moving average is $45.24 and its 200-day moving average is $42.67. The firm has a market cap of $58.40 billion, a P/E ratio of -30.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.06. Truist Financial has a 12-month low of $34.23 and a 12-month high of $49.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Institutional Trading of Truist Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in Truist Financial by 3.5% in the third quarter. Principal Financial Group Inc. now owns 1,511,299 shares of the insurance provider’s stock worth $64,638,000 after purchasing an additional 50,637 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of Truist Financial in the 3rd quarter worth approximately $980,000. Inspire Trust Co. N.A. increased its position in Truist Financial by 13.9% during the 3rd quarter. Inspire Trust Co. N.A. now owns 75,000 shares of the insurance provider’s stock valued at $3,208,000 after buying an additional 9,163 shares in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Truist Financial by 0.6% in the third quarter. Peapack Gladstone Financial Corp now owns 311,802 shares of the insurance provider’s stock worth $13,336,000 after acquiring an additional 1,742 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Truist Financial by 27.1% in the third quarter. Synovus Financial Corp now owns 556,243 shares of the insurance provider’s stock worth $23,791,000 after acquiring an additional 118,692 shares during the last quarter. 71.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Truist Financial

In related news, Director K. David Jr. Boyer sold 4,966 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $46.20, for a total transaction of $229,429.20. Following the transaction, the director now owns 11,246 shares in the company, valued at $519,565.20. The trade was a 30.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William H. Rogers, Jr. acquired 34,180 shares of the business’s stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $48.56 per share, for a total transaction of $1,659,780.80. Following the completion of the transaction, the chief executive officer now owns 691,451 shares in the company, valued at approximately $33,576,860.56. This represents a 5.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Truist Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 8th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.08 annualized dividend and a yield of 4.73%. Truist Financial’s payout ratio is currently -145.45%.

Truist Financial Company Profile

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.