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Robert W. Baird Maintains a Hold Rating on Truist Financial (TFC)

In a report issued on July 19, David George from Robert W. Baird maintained a Hold rating on Truist Financial (TFCResearch Report), with a price target of $59.00. The company’s shares closed last Thursday at $48.35, close to its 52-week low of $44.68.

According to TipRanks.com, George is a 5-star analyst with an average return of 8.9% and a 61.5% success rate. George covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Capital One Financial, and Huntington Bancshares.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Truist Financial with a $56.97 average price target, implying a 19.1% upside from current levels. In a report issued on July 11, Jefferies also maintained a Hold rating on the stock with a $51.00 price target.

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The company has a one-year high of $68.95 and a one-year low of $44.68. Currently, Truist Financial has an average volume of 7.64M.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TFC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Truist Financial Corporation was formed in December 2019 following the merger of BB&T and SunTrust banks. It is the sixth largest commercial bank in the United States. The firm has three operating business segments: Consumer Banking and Wealth (CB&W), Corporate and Commercial Banking (C&CB) and Insurance Holdings (IH). The CB&W unit offers retail community banking, wealth, mortgage banking and dealer retail services. Under the C&CB division, it provides services such as corporate, investment and commercial community banking. The IH segment offers property and casualty insurance, life insurance surety coverage, employee benefits, title insurance, commercial and retail insurance premium finance.

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