Stephens Raises Truist Financial Rating to 'Buy'
Stephens boosts Truist Financial's rating, setting a $59 price target.
Key Points
- Stephens raised Truist Financial's rating to 'buy' with a $59 price target on June 15, 2026.
- Truist Financial trades at $51.66, with a market cap of $64.36 billion and a forward P/E of 10.09.
- BlackRock increased its holdings in Truist Financial by 315,082 shares, totaling 98.33 million shares worth about $4.52 billion.
Stephens has raised its rating on Truist Financial Corporation (NYSE:TFC) to 'buy' and set a price target of $59. This change, made on June 15, 2026, reflects a positive outlook from analyst Matt Olney.
Truist Financial Stock Snapshot
Shares of NYSE:TFC recently traded around $51.66. Truist Financial has a market cap of approximately $64.36 billion and a P/E ratio of 12.79. The forward P/E is 10.09, indicating expectations of earnings growth. The stock's beta is 0.884, suggesting it is less volatile than the market. Over the past year, the stock has ranged from a low of $38.88 to a high of $56.20, with a 50-day moving average of $49.19 and a 200-day moving average of $47.84.
Recent Earnings
For its most recent period, Truist Financial reported revenue of about $18.66 billion, showing a growth of 5.2%. The company's earnings per share (EPS) stood at $4.04, with a net margin of 29.62% and a return on equity (ROE) of 8.58%. The next earnings release is expected on July 17, 2026.
Dividend
Truist Financial pays an annual dividend of $2.08, which yields 4.03% at current prices. The payout ratio is 51.49%, indicating a balanced approach to returning capital to shareholders while retaining earnings for growth.
Insider Buying and Selling at Truist Financial Corporation
On June 1, 2026, Bradley Bender, Chief Risk Officer, bought 16,149 shares and sold 9,115 shares. Cynthia Powell, Corporate Controller & CAO, sold 2,476 shares on March 13, 2026, while Chief Legal Officer Scott Stengel and Chief Wholesale Banking Officer Kristin Lesher sold 3,001 and 7,433 shares, respectively, on the same date.
Analysts Set New Price Targets
On June 15, 2026, Stephens & Co. reinstated its 'buy' rating for Truist Financial with a target price of $59. This follows previous actions by other firms, such as Baird downgrading to 'hold' with a $55 target on May 1, 2026, and Morgan Stanley maintaining a 'buy' rating with a $62 target on April 20, 2026. The analyst consensus rates the stock as a 'buy', with an average target price of $55.67 based on 18 opinions.
About Truist Financial Corporation
Truist Financial Corporation is a large financial services company based in Charlotte, North Carolina. It operates primarily in the Southeastern and Mid-Atlantic United States, offering a wide range of banking and trust services. The company was formed from the merger of BB&T and SunTrust Banks in 2019 and is led by CEO William Henry Rogers Jr. Truist provides various deposit and loan products, asset management, and investment services, employing nearly 38,877 people.
Bottom Line
Stephens' upgrade of Truist Financial to 'buy' with a $59 target highlights renewed confidence in the company's prospects. Investors closely watch such analyst ratings as they can influence stock performance. However, it's important to remember that these ratings are based on past data and expectations and may not fully reflect current conditions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.