Truist Financial Corporation (NYSE: TFC) – Suitable For Long Term Buy?

Currently, there are 1.33B common shares owned by the public and among those 1.33B shares have been available to trade.

Insiders at the company have transacted a total of 68 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 54 of these insider trades were purchases, accounting for 472,278 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 174,424 shares.

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The company’s stock has a 5-day price change of -2.58% and 17.89% over the past three months. TFC shares are trading -2.93% year to date (YTD), with the 12-month market performance down to -27.24% lower. It has a 12-month low price of $25.56 and touched a high of $49.32 over the same period. TFC has an average intraday trading volume of 1.04 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.72%, -0.71%, and 13.01% respectively.

Institutional ownership of Truist Financial Corporation (NYSE: TFC) shares accounts for 69.23% of the company’s 1.33B shares outstanding.

It has a market capitalization of $47.80B and a beta (3y monthly) value of 1.08. The earnings-per-share (ttm) stands at -$1.10. The company has a debt-to-equity ratio at 1.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.56% over the week and 2.94% over the month.

Analysts forecast that Truist Financial Corporation (TFC) will achieve an EPS of $0.82 for the current quarter, $0.87 for the next quarter and $3.95 for 2025. The lowest estimate earnings-per-share for the quarter is $0.74 while analysts give the company a high EPS estimate of $0.91. Comparatively, EPS for the current quarter was $1.09 a year ago. Earnings per share for the fiscal year are expected to increase by 419.43%, and 13.20% over the next financial year.

Looking at the support for the TFC, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on January 04, 2024, with the firm’s price target at $43.

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