Investors Sell SunTrust Banks, Inc. (STI) on Strength (STI)

Investors sold shares of SunTrust Banks, Inc. (NYSE:STI) on strength during trading hours on Monday. $14.71 million flowed into the stock on the tick-up and $49.22 million flowed out of the stock on the tick-down, for a money net flow of $34.51 million out of the stock. Of all companies tracked, SunTrust Banks had the 0th highest net out-flow for the day. SunTrust Banks traded up $0.40 for the day and closed at $58.17

STI has been the subject of a number of research analyst reports. Credit Suisse Group raised shares of SunTrust Banks from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $56.00 to $60.00 in a report on Monday, October 9th. Citigroup Inc. reissued a “neutral” rating and set a $63.00 price target (up previously from $60.00) on shares of SunTrust Banks in a research report on Monday, October 9th. Zacks Investment Research downgraded SunTrust Banks from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. UBS AG reaffirmed a “neutral” rating and set a $62.00 price target (up from $61.00) on shares of SunTrust Banks in a report on Friday, October 6th. Finally, FBR & Co downgraded SunTrust Banks from a “buy” rating to a “neutral” rating and set a $62.00 target price for the company. in a report on Tuesday, October 10th. Eighteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $63.18.

The company has a market capitalization of $27,690.85, a price-to-earnings ratio of 15.07, a PEG ratio of 1.57 and a beta of 1.29. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.50.

SunTrust Banks (NYSE:STI) last released its quarterly earnings data on Friday, October 20th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.06. SunTrust Banks had a net margin of 20.88% and a return on equity of 8.83%. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The business’s revenue was up 3.7% on a year-over-year basis. equities analysts predict that SunTrust Banks, Inc. will post 4.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, November 29th. SunTrust Banks’s payout ratio is currently 41.03%.

In other news, Director Kyle P. Legg sold 3,300 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $21.82, for a total transaction of $72,006.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Fiduciary Trust Co. acquired a new position in shares of SunTrust Banks during the 2nd quarter worth $118,000. Advisory Services Network LLC lifted its stake in shares of SunTrust Banks by 0.9% in the 2nd quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 20 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of SunTrust Banks in the 2nd quarter valued at about $136,000. Tiedemann Wealth Management LLC raised its position in shares of SunTrust Banks by 12.1% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 26,961 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 2,920 shares in the last quarter. Finally, Dupont Capital Management Corp raised its position in shares of SunTrust Banks by 55.2% in the 3rd quarter. Dupont Capital Management Corp now owns 2,623 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 933 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

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SunTrust Banks Company Profile

SunTrust Banks, Inc is a provider of financial services. The Company’s principal subsidiary is SunTrust Bank (the Bank). The Company’s business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other. As of December 31, 2016, the Consumer Banking and Private Wealth Management segment consisted of three primary businesses: Consumer Banking, Consumer Lending and Private Wealth Management.

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