SunTrust Banks (NYSE:STI) will be releasing its earnings data before the market opens on Thursday, April 19th.
SunTrust Banks (NYSE:STI) last announced its earnings results on Friday, January 19th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.32 billion. SunTrust Banks had a return on equity of 9.18% and a net margin of 23.35%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. On average, analysts expect SunTrust Banks to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NYSE STI opened at $67.67 on Thursday. The stock has a market capitalization of $31,455.72, a P/E ratio of 16.75, a PEG ratio of 1.02 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. SunTrust Banks has a 52-week low of $51.96 and a 52-week high of $73.37.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.36%. SunTrust Banks’s dividend payout ratio (DPR) is presently 39.60%.
A number of brokerages recently issued reports on STI. Zacks Investment Research cut SunTrust Banks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $77.00 target price on shares of SunTrust Banks in a research report on Friday, December 29th. ValuEngine raised SunTrust Banks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Credit Suisse Group reissued a “neutral” rating and issued a $73.00 target price (up from $71.00) on shares of SunTrust Banks in a research report on Wednesday, March 14th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $79.00 target price on shares of SunTrust Banks in a research report on Sunday, January 21st. Eighteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $69.76.
In other news, insider Susan S. Johnson sold 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $71.04, for a total value of $255,744.00. Following the completion of the sale, the insider now directly owns 8,857 shares of the company’s stock, valued at approximately $629,201.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jerome T. Lienhard sold 29,248 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $17.37, for a total value of $508,037.76. The disclosure for this sale can be found here. Insiders sold a total of 40,348 shares of company stock valued at $1,289,757 over the last three months. Insiders own 0.52% of the company’s stock.
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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.
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