News headlines about SunTrust Banks (NYSE:STI) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. SunTrust Banks earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.1554526812023 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- Insider Selling: SunTrust Banks (STI) EVP Sells 8,750 Shares of Stock (americanbankingnews.com)
- SunTrust Banks (STI) Presents At Barclays Americas Select Conference 2018 – Slideshow (seekingalpha.com)
- SunTrust: Small Businesses Ramp Up Social Media and Online Marketing (finance.yahoo.com)
- SunTrust Banks (STI) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Q2 2018 Earnings Estimate for SunTrust Banks Issued By Jefferies Group (STI) (americanbankingnews.com)
A number of analysts have recently weighed in on STI shares. Zacks Investment Research upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Wednesday, March 21st. Credit Suisse Group restated a “hold” rating and issued a $71.00 target price on shares of SunTrust Banks in a report on Monday, February 26th. ValuEngine upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 price target on shares of SunTrust Banks in a research note on Thursday, April 5th. Finally, Piper Jaffray reaffirmed a “buy” rating and set a $75.00 price target on shares of SunTrust Banks in a research note on Sunday, April 22nd. Eighteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.50.
SunTrust Banks traded up $0.35, hitting $69.28, during trading hours on Tuesday, MarketBeat reports. The company had a trading volume of 1,764,603 shares, compared to its average volume of 3,283,864. The stock has a market cap of $32.18 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.93 and a quick ratio of 0.91. SunTrust Banks has a 1 year low of $68.84 and a 1 year high of $69.72.
SunTrust Banks (NYSE:STI) last released its quarterly earnings data on Friday, April 20th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.18. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.29 billion. SunTrust Banks had a net margin of 24.92% and a return on equity of 10.05%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. research analysts expect that SunTrust Banks will post 5.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.60 annualized dividend and a yield of 2.31%. SunTrust Banks’s dividend payout ratio (DPR) is 39.60%.
In other news, EVP Jerome T. Lienhard sold 8,750 shares of the business’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $69.06, for a total value of $604,275.00. Following the completion of the sale, the executive vice president now owns 41,374 shares in the company, valued at approximately $2,857,288.44. 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 7,500 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $70.13, for a total transaction of $525,975.00. Following the completion of the sale, the insider now owns 149,955 shares of the company’s stock, valued at approximately $10,516,344.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,350 shares of company stock valued at $1,487,019. 0.52% of the stock is owned by corporate insiders.
About SunTrust Banks
SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.
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