Press coverage about SunTrust Banks (NYSE:STI) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SunTrust Banks earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 48.0632172543266 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- What the sentiment indicator is Signaling: SunTrust Banks, Inc. (STI), Ally Financial Inc. (ALLY) – Market Movers (financialqz.com)
- SunTrust Analysts Love 5 Data Center and Tower Stocks for 2018 (feedproxy.google.com)
- What Does SunTrust Banks Inc’s (STI) Share Price Indicate? (finance.yahoo.com)
- BRIEF-Molina Healthcare – On Dec 4 Co Entered Commitment Letter With Suntrust Bank And SunTrust Robinson Humphrey (feeds.reuters.com)
- Outline of Different Gauges: The Mosaic Company (MOS), SunTrust Banks, Inc. (STI) – Market Movers (financialqz.com)
Several research firms have recently weighed in on STI. Nomura increased their price objective on shares of SunTrust Banks from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Barclays raised their price target on shares of SunTrust Banks from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Morgan Stanley raised their price target on shares of SunTrust Banks from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Raymond James Financial cut shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. Finally, Sandler O’Neill cut shares of SunTrust Banks from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a report on Monday, October 23rd. Seventeen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. SunTrust Banks presently has an average rating of “Hold” and an average target price of $63.97.
Shares of SunTrust Banks (STI) traded up $0.44 during mid-day trading on Friday, reaching $65.20. 2,557,400 shares of the company’s stock traded hands, compared to its average volume of 3,476,639. The company has a market capitalization of $30,827.91, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.50. SunTrust Banks has a twelve month low of $51.96 and a twelve month high of $65.36.
SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, October 20th. The financial services provider reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.30 billion. SunTrust Banks had a net margin of 20.88% and a return on equity of 8.83%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. analysts expect that SunTrust Banks will post 4.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.45%. The ex-dividend date is Wednesday, November 29th. SunTrust Banks’s dividend payout ratio is 41.03%.
In other news, Director Kyle P. Legg sold 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $21.82, for a total value of $72,006.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $60.06, for a total transaction of $240,240.00. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.
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.
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