SunTrust Banks, Inc. (NYSE:STI) insider Susan S. Johnson sold 3,600 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.04, for a total transaction of $255,744.00. Following the sale, the insider now owns 8,857 shares of the company’s stock, valued at $629,201.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
SunTrust Banks, Inc. (STI) opened at $70.34 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The stock has a market cap of $33,648.02, a P/E ratio of 17.64, a P/E/G ratio of 1.14 and a beta of 1.37. SunTrust Banks, Inc. has a 1-year low of $51.96 and a 1-year high of $72.62.
SunTrust Banks (NYSE:STI) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.32 billion. SunTrust Banks had a net margin of 23.35% and a return on equity of 9.18%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 earnings per share. analysts expect that SunTrust Banks, Inc. will post 5.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Tuesday, February 27th. SunTrust Banks’s payout ratio is 35.71%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. lifted its holdings in SunTrust Banks by 119.9% during the third quarter. Whittier Trust Co. now owns 4,197 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 2,288 shares in the last quarter. Copper Rock Capital Partners LLC lifted its holdings in SunTrust Banks by 48.4% during the fourth quarter. Copper Rock Capital Partners LLC now owns 135,293 shares of the financial services provider’s stock valued at $8,854,000 after purchasing an additional 44,110 shares in the last quarter. Highstreet Asset Management Inc. purchased a new position in SunTrust Banks during the third quarter valued at approximately $778,000. Commerce Bank lifted its holdings in SunTrust Banks by 293.8% during the third quarter. Commerce Bank now owns 17,967 shares of the financial services provider’s stock valued at $1,074,000 after purchasing an additional 13,405 shares in the last quarter. Finally, Bank of Stockton lifted its holdings in SunTrust Banks by 17.8% during the third quarter. Bank of Stockton now owns 12,190 shares of the financial services provider’s stock valued at $728,000 after purchasing an additional 1,840 shares in the last quarter. 81.91% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of SunTrust Banks from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Oppenheimer reiterated a “hold” rating on shares of SunTrust Banks in a research note on Monday, January 22nd. B. Riley reiterated a “hold” rating and issued a $70.00 price target on shares of SunTrust Banks in a research note on Monday, January 22nd. BMO Capital Markets reiterated a “hold” rating and issued a $79.00 price target on shares of SunTrust Banks in a research note on Sunday, January 21st. Finally, Vining Sparks reiterated a “buy” rating and issued a $85.00 price target on shares of SunTrust Banks in a research note on Monday, January 8th. Fifteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $69.02.
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SunTrust Banks Company Profile
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.
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