Zacks Research Issues Negative Forecast for TFC Earnings

Truist Financial Corporation (NYSE:TFC) – Zacks Research lowered their Q2 2026 earnings per share (EPS) estimates for shares of Truist Financial in a research report issued on Tuesday, September 2nd. Zacks Research analyst Team now anticipates that the insurance provider will post earnings per share of $1.05 for the quarter, down from their previous forecast of $1.06. The consensus estimate for Truist Financial’s current full-year earnings is $4.00 per share. Zacks Research also issued estimates for Truist Financial’s Q3 2026 earnings at $1.08 EPS, Q4 2026 earnings at $1.16 EPS, FY2026 earnings at $4.28 EPS and Q1 2027 earnings at $1.13 EPS.

Truist Financial (NYSE:TFC) last released its quarterly earnings data on Friday, July 18th. The insurance provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.02). The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5.04 billion. Truist Financial had a net margin of 16.82% and a return on equity of 8.69%. The business’s revenue for the quarter was down 406.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share.

Several other research firms also recently weighed in on TFC. Citigroup raised Truist Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $44.00 to $55.00 in a research report on Thursday, June 26th. Keefe, Bruyette & Woods downgraded Truist Financial from an “outperform” rating to a “market perform” rating and set a $48.00 price target for the company. in a research report on Wednesday, July 9th. TD Cowen assumed coverage on Truist Financial in a research report on Thursday, May 15th. They set a “hold” rating and a $44.00 price target for the company. Raymond James Financial raised Truist Financial from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Tuesday, July 8th. Finally, Morgan Stanley reissued a “mixed” rating on shares of Truist Financial in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Truist Financial presently has an average rating of “Moderate Buy” and a consensus price target of $48.47.

Truist Financial Stock Performance

Truist Financial stock opened at $46.55 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a fifty day moving average of $44.94 and a two-hundred day moving average of $41.77. The company has a market capitalization of $60.02 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.76 and a beta of 0.88. Truist Financial has a fifty-two week low of $33.56 and a fifty-two week high of $49.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new position in shares of Truist Financial during the first quarter worth about $25,000. Aspect Partners LLC lifted its stake in shares of Truist Financial by 71.5% during the second quarter. Aspect Partners LLC now owns 643 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 268 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Truist Financial during the second quarter worth about $30,000. Centennial Bank AR lifted its stake in shares of Truist Financial by 360.2% during the first quarter. Centennial Bank AR now owns 741 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 580 shares in the last quarter. Finally, Motco lifted its stake in shares of Truist Financial by 435.6% during the first quarter. Motco now owns 798 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 649 shares in the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Insider Activity at Truist Financial

In other news, insider Bradley D. Bender sold 12,540 shares of Truist Financial stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $45.19, for a total value of $566,682.60. Following the completion of the sale, the insider owned 500 shares of the company’s stock, valued at $22,595. The trade was a 96.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Truist Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 8th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. Truist Financial’s payout ratio is currently 56.68%.

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.