SunTrust (STI) Declares Quarterly Dividend of $0.20
SunTrust (NYSE:STI) declared a quarterly dividend on Tuesday, August 12th, Analyst Ratings Net reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.20 per share on Monday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%.
A number of research firms have recently commented on STI. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SunTrust in a research note on Wednesday, July 23rd. They now have a $43.00 price target on the stock, down previously from $44.00. On the ratings front, analysts at Goldman Sachs reiterated a “buy” rating on shares of SunTrust in a research note on Tuesday, July 22nd. They now have a $46.00 price target on the stock, down previously from $47.00. Finally, analysts at Evercore Partners downgraded shares of SunTrust from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 22nd. They now have a $40.00 price target on the stock, down previously from $42.00. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.98.
SunTrust (NYSE:STI) traded down 0.08% during mid-day trading on Tuesday, hitting $36.57. The stock had a trading volume of 3,107,632 shares. SunTrust has a one year low of $31.59 and a one year high of $41.26. The stock’s 50-day moving average is $39.09 and its 200-day moving average is $38.71. The company has a market cap of $19.373 billion and a P/E ratio of 14.36.
SunTrust (NYSE:STI) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.08. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company posted $0.68 earnings per share. SunTrust’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that SunTrust will post $3.04 earnings per share for the current fiscal year.
SunTrust Banks, Inc (NYSE:STI) is a commercial banking organization.
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