Truist Financial Corporation (NYSE: TFC) on November 20, 2023, started off the session at the price of $31.74, soaring 0.22% from the previous trading day. During the day, the shares moved up to $32.18 and dropped to $31.55 before settling in for the closing price of $31.97. Within the past 52 weeks, TFC’s price has moved between $25.56 and $51.26.
Annual sales at Financial sector company grew by 18.34% over the past five years. The company achieved an average annual earnings per share of -20.01%. With a float of $1.33 billion, this company’s outstanding shares have now reached $1.33 billion.
Let’s look at the performance matrix of the company that is accounted for 52848 employees.
Truist Financial Corporation (TFC) Insider and Institutional Ownership
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Truist Financial Corporation is 0.31%, while institutional ownership is 70.75%. The most recent insider transaction that took place on Oct 20, was worth 280,480. In this transaction Chairman & CEO of this company bought 10,000 shares at a rate of $28.05, taking the stock ownership to the 412,924 shares. Before that another transaction happened on May 03, when Company’s Director bought 1,332 for $19.00, making the entire transaction worth $25,308. This insider now owns 5,000 shares in total.
Truist Financial Corporation (TFC) Latest Financial update
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.84 earnings per share (EPS) for the period topping the consensus outlook (set at $0.82) by $0.02. This company achieved a net margin of +24.49 while generating a return on equity of 9.65. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.83 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -20.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.00% during the next five years compared to 10.10% growth over the previous five years of trading.
Truist Financial Corporation (NYSE: TFC) Trading Performance Indicators
Truist Financial Corporation (TFC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.32. Likewise, its price to free cash flow for the trailing twelve months is 5.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.98, a number that is poised to hit 0.76 in the next quarter and is forecasted to reach 3.44 in one year’s time.
Technical Analysis of Truist Financial Corporation (TFC)
Truist Financial Corporation (NYSE: TFC) saw its 5-day average volume 9.27 million, a negative change from its year-to-date volume of 11.65 million. As of the previous 9 days, the stock’s Stochastic %D was 90.57%. Additionally, its Average True Range was 0.92.
During the past 100 days, Truist Financial Corporation’s (TFC) raw stochastic average was set at 59.41%, which indicates a significant decrease from 96.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.99% in the past 14 days, which was higher than the 36.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.93, while its 200-day Moving Average is $32.62. Nevertheless, the first resistance level for the watch stands at $32.30 in the near term. At $32.55, the stock is likely to face the second major resistance level. The third major resistance level sits at $32.93. If the price goes on to break the first support level at $31.67, it is likely to go to the next support level at $31.29. The third support level lies at $31.04 if the price breaches the second support level.
Truist Financial Corporation (NYSE: TFC) Key Stats
Market capitalization of the company is 42.73 billion based on 1,333,668K outstanding shares. Right now, sales total 25,356 M and income totals 6,260 M. The company made 8,337 M in profit during its latest quarter, and 1,177 M in sales during its previous quarter.