Somewhat Positive Press Coverage Somewhat Unlikely to Impact SunTrust Banks (STI) Share Price

Headlines about SunTrust Banks (NYSE:STI) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SunTrust Banks earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 48.0310306682884 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news stories that may have effected Accern’s scoring:

Shares of SunTrust Banks (NYSE STI) traded down $0.41 during mid-day trading on Thursday, hitting $67.94. The company had a trading volume of 3,723,432 shares, compared to its average volume of 4,077,075. SunTrust Banks has a 52-week low of $51.96 and a 52-week high of $69.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.93. The company has a market cap of $32,340.00, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.36 and a beta of 1.29.

SunTrust Banks (NYSE:STI) last issued its quarterly earnings results 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 return on equity of 8.83% and a net margin of 20.88%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $0.91 EPS. SunTrust Banks’s quarterly revenue was up 3.7% compared to the same quarter last year. equities research analysts anticipate that SunTrust Banks will post 4.06 earnings per share for the current fiscal year.

A number of brokerages have recently commented on STI. Nomura lifted their target price on SunTrust Banks from $62.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, September 28th. Robert W. Baird reiterated a “hold” rating and issued a $55.00 target price on shares of SunTrust Banks in a report on Sunday, October 1st. Goldman Sachs Group reiterated a “buy” rating and issued a $74.00 target price on shares of SunTrust Banks in a report on Thursday, January 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $62.00 target price on shares of SunTrust Banks in a report on Tuesday, October 3rd. Finally, Jefferies Group reiterated a “buy” rating and issued a $69.00 target price on shares of SunTrust Banks in a report on Thursday, October 12th. Fourteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. SunTrust Banks presently has a consensus rating of “Hold” and a consensus price target of $67.88.

In other SunTrust Banks news, Director Kyle P. Legg sold 3,300 shares of SunTrust Banks stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $21.82, for a total transaction of $72,006.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of SunTrust Banks stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $60.06, for a total value of $240,240.00. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

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About SunTrust Banks

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.

Insider Buying and Selling by Quarter for SunTrust Banks (NYSE:STI)

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