News coverage about SunTrust Banks (NYSE:STI) has been trending somewhat positive on Friday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. SunTrust Banks earned a media sentiment score of 1.85 on their scale. InfoTrie also gave news coverage about the financial services provider an news buzz score of 4 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected SunTrust Banks’ score:
- Fed Unveils Plans to Reduce Stress of Wall Street’s Stress Tests (investing.com)
- SunTrust: One in Three Boomer-Owned Businesses Expect to Transition Ownership in Next Five Years (marketwatch.com)
- Exclusive: WeWork reportedly interested in SunTrust space, sources say (bizjournals.com)
- Cresa Expands National Footprint Through New Office & Leadership Hires (prweb.com)
- Cable One stock price target raised to $850 from $815 at SunTrust RH (feeds.marketwatch.com)
A number of equities analysts recently commented on STI shares. BMO Capital Markets raised their price target on shares of SunTrust Banks from $73.00 to $74.00 and gave the stock a “$72.58” rating in a research report on Monday, July 23rd. Barclays raised their target price on shares of SunTrust Banks from $77.00 to $79.00 and gave the company a “$72.58” rating in a report on Monday, July 23rd. Ameriprise Financial raised shares of SunTrust Banks from a “neutral” rating to a “buy” rating in a report on Monday, July 23rd. B. Riley raised shares of SunTrust Banks from a “neutral” rating to a “buy” rating and raised their target price for the company from $70.00 to $81.00 in a report on Monday, July 23rd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $79.00 target price on shares of SunTrust Banks in a report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $77.00.
Shares of STI traded up $0.19 during mid-day trading on Friday, reaching $63.53. The company had a trading volume of 3,352,611 shares, compared to its average volume of 3,264,040. SunTrust Banks has a 1-year low of $56.30 and a 1-year high of $75.08. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market cap of $28.08 billion, a P/E ratio of 15.73, a PEG ratio of 1.03 and a beta of 1.27.
SunTrust Banks (NYSE:STI) last posted its quarterly earnings results on Friday, October 19th. The financial services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.17. SunTrust Banks had a net margin of 28.17% and a return on equity of 11.66%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the company posted $1.06 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts forecast that SunTrust Banks will post 5.59 EPS for the current year.
In other news, EVP Jorge Arrieta sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $73.13, for a total value of $182,825.00. Following the sale, the executive vice president now directly owns 6,148 shares in the company, valued at approximately $449,603.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.
SunTrust Banks Company Profile
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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