News articles about SunTrust Banks (NYSE:STI) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SunTrust Banks earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 48.7718421123896 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
Shares of SunTrust Banks (STI) traded up $0.92 during mid-day trading on Wednesday, reaching $65.54. The company’s stock had a trading volume of 4,405,200 shares, compared to its average volume of 3,400,523. SunTrust Banks has a 1-year low of $51.96 and a 1-year high of $65.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market cap of $30,761.27, a price-to-earnings ratio of 16.74, a PEG ratio of 1.74 and a beta of 1.29.
SunTrust Banks (NYSE:STI) last issued its quarterly earnings results on Friday, October 20th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 analyst estimates of $2.30 billion. During the same quarter in the prior year, the business posted $0.91 EPS. SunTrust Banks’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities analysts anticipate that SunTrust Banks will post 4.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.44%. SunTrust Banks’s payout ratio is presently 41.03%.
STI has been the topic of several research analyst reports. Sandler O’Neill cut SunTrust Banks from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a report on Monday, October 23rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $63.00 target price on shares of SunTrust Banks in a report on Monday, August 28th. Nomura raised their target price on SunTrust Banks from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Barclays raised their target price 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, Zacks Investment Research cut SunTrust Banks from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $64.58.
In other news, Director Kyle P. Legg sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.82, for a total transaction of $72,006.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.06, for a total value of $240,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.
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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.
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