SunTrust Banks, Inc. (STI) stock returned 23.21% positive in past quarter

Cornelia Mascio
Dicembre 8, 2017

Shares of SunTrust Banks, Inc.

SunTrust Banks, Inc. (STI) now has a Return on Assets (ROA) value of 0.9 Percent. The firm owned 28,450,205 shares of the company's stock after buying an additional 499,933 shares during the period. Huntington National Bank's holdings in SunTrust Banks were worth $151,000 at the end of the most recent quarter. Investors seem to be very interested in what happens to the stocks of these two companies but do investors favor one over the other? EJF Capital LLC now owns 672,274 shares of the financial services provider's stock valued at $29,446,000 after buying an additional 652,274 shares during the last quarter.

The market experts are predicting a 14.84% rally, based on the high target price ($74) for SunTrust Banks, Inc. shares that is likely to be hit in the 52 weeks. Smith Salley & Associates increased its holdings in SunTrust Banks by 1.3% in the second quarter. Balentine LLC now owns 3,148 shares of the financial services provider's stock valued at $179,000 after acquiring an additional 90 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in SunTrust Banks by 3.4% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,825 shares of the financial services provider's stock worth $826,000 after purchasing an additional 7,260 shares during the period. Active Investors often continue a close observation on any stock volume. Also, 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 $60.06, for a total transaction of $240,240.00. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the stock in a transaction on Wednesday, November 29th. The stock now has a consensus rating of "Hold" and a consensus price target of $63.97. The disclosure for this sale can be found here.

A number of equities analysts have commented on STI shares. Piper Jaffray Companies reiterated a "buy" rating and set a $63.00 price objective on shares of SunTrust Banks in a research note on Monday, August 28th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Rafferty Capital Markets increased their target price on shares of SunTrust Banks from $63.00 to $64.50 and gave the stock a "buy" rating in a research report on Monday, April 24th. SunTrust Banks presently has an average rating of "Hold" and an average target price of $63.97. Seventeen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Pinnacle Holdings holds 0% in SunTrust Banks, Inc.

Shares of SunTrust Banks, Inc. (NYSE STI) traded up $0.41 during trading hours on Thursday, reaching $64.44. The stock traded with the average Volume of 3.3 Million at the end of last session. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.50.

The stock has advanced 24.02% to a low over the previous 12 months and showed declining move -0.57% to a high over the same period. The company has a market capitalization of $30,637.50, a P/E ratio of 16.67, a PEG ratio of 1.73 and a beta of 1.29.

SunTrust Banks, Inc. (STI) stock directed 19.80% toward a higher level throughout previous year and swapped 7.13% toward a strong spot during past one month. The financial services provider reported $1.06 EPS for the quarter, meeting the Zacks' consensus estimate of $1.06. As a result, SunTrust Banks, Inc. attained a Profit Margin of 30.70% *. The company had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.30 billion. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. SunTrust Banks, Inc. grasps an EPS value of 3.9 * displaying an EPS growth of 0.50% * for this year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Wednesday, November 29th.

After a recent scan, we can see that SunTrust Banks, Inc.

TRADEMARK VIOLATION NOTICE: "SunTrust Banks Sees Unusually Large Options Volume (STI)" was first published by The Lincolnian Online and is owned by of The Lincolnian Online. "(STI) Holdings Reduced by Edge Advisors LLC" was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another website, it was stolen and reposted in violation of USA and worldwide trademark and copyright law.

The weekly performance of SunTrust Banks, Inc.is 5.12%, presenting a monthly performance value of 7.13% with the quarterly performance value of 23.21%. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/07/suntrust-banks-inc-sti-shares-bought-by-nordea-investment-management-ab.html.

Shifting gears, we can see that SunTrust Banks, Inc. The Company's business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other.

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