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Sterne Agee began coverage on shares of SunTrust (NYSE:STI) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

STI has been the subject of a number of other recent research reports. Analysts at Nomura initiated coverage on shares of SunTrust in a research note on Wednesday, May 14th. They set a “neutral” rating and a $41.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SunTrust in a research note on Tuesday, April 29th. They now have a $43.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of SunTrust in a research note on Thursday, April 24th. They now have a $42.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $40.29.

SunTrust (NYSE:STI) opened at 38.16 on Friday. SunTrust has a one year low of $30.17 and a one year high of $41.26. The stock’s 50-day moving average is $38.15 and its 200-day moving average is $37.69. The company has a market cap of $20.269 billion and a P/E ratio of 15.24.

SunTrust (NYSE:STI) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, analysts predict that SunTrust will post $3.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Friday, May 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, May 28th. This is an increase from SunTrust’s previous quarterly dividend of $0.10.

SunTrust Banks, Inc (NYSE:STI) is a commercial banking organization.

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