Based on the provided data and context, here's my analysis of whether TFC is overvalued:
Valuation Analysis
TFC currently trades at a P/E ratio of 17.1x for Q1 2024, which is reasonable compared to regional bank peers.
Price Movement
The stock is currently trading at $47.89, showing moderate momentum with a +0.50% gain in the last regular trading session.
Analyst Consensus
Multiple analysts have recently raised their price targets, with an average target of $55-57, suggesting approximately 19% upside potential from current levels.
Growth Prospects
The bank's strong capital position and presence in attractive markets position it well for loan demand rebound.
Conclusion
TFC appears fairly valued to slightly undervalued at current levels, supported by recent analyst upgrades, reasonable valuation metrics, and potential growth catalysts.