SunTrust Banks, Inc. (NYSE:STI) has been assigned an average rating of “Hold” from the twenty-five analysts that are currently covering the company, Marketbeat Ratings reports. Fifteen investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $64.63.

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised SunTrust Banks from a “market perform” rating to an “outperform” rating in a report on Tuesday. UBS raised SunTrust Banks from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $73.00 in a report on Tuesday. Nomura upped their price objective on SunTrust Banks from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Barclays upped their price objective on SunTrust Banks from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, Morgan Stanley upped their price objective on SunTrust Banks from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd.

In other SunTrust Banks news, Vice Chairman Mark A. Chancy sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $60.06, for a total value of $240,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 $21.82, for a total value of $72,006.00. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of STI. Capital World Investors lifted its position in shares of SunTrust Banks by 20.7% in the second quarter. Capital World Investors now owns 29,513,083 shares of the financial services provider’s stock valued at $1,673,982,000 after acquiring an additional 5,056,000 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of SunTrust Banks by 3,033.8% in the second quarter. Janus Henderson Group PLC now owns 2,006,553 shares of the financial services provider’s stock valued at $113,812,000 after acquiring an additional 1,942,524 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of SunTrust Banks by 3,009.4% in the second quarter. Lazard Asset Management LLC now owns 1,938,443 shares of the financial services provider’s stock valued at $109,948,000 after acquiring an additional 1,876,101 shares in the last quarter. American Century Companies Inc. lifted its position in shares of SunTrust Banks by 31.4% in the third quarter. American Century Companies Inc. now owns 7,293,744 shares of the financial services provider’s stock valued at $435,947,000 after acquiring an additional 1,742,756 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of SunTrust Banks by 70.6% in the second quarter. TIAA CREF Investment Management LLC now owns 3,534,925 shares of the financial services provider’s stock valued at $200,501,000 after acquiring an additional 1,462,517 shares in the last quarter. Institutional investors and hedge funds own 80.83% of the company’s stock.

Shares of SunTrust Banks (STI) opened at $64.05 on Friday. SunTrust Banks has a 52 week low of $51.96 and a 52 week high of $66.11. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $30,590.00, a P/E ratio of 16.98, a PEG ratio of 1.76 and a beta of 1.29.

SunTrust Banks (NYSE:STI) last released its quarterly earnings results on Friday, October 20th. The financial services provider reported $1.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.06. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. research analysts forecast that SunTrust Banks will post 4.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, November 29th. SunTrust Banks’s dividend payout ratio (DPR) is 41.03%.

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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.

Analyst Recommendations for SunTrust Banks (NYSE:STI)

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