Media coverage about SunTrust Banks (NYSE:STI) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SunTrust Banks earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 49.3913602790391 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern’s scoring:
STI has been the subject of a number of recent research reports. Sandler O’Neill lowered SunTrust Banks from a “buy” rating to a “hold” rating and set a $62.00 target price for the company. in a research note on Monday, October 23rd. Keefe, Bruyette & Woods upgraded SunTrust Banks from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 12th. Wedbush lowered SunTrust Banks from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $71.00 to $63.00 in a research note on Thursday, December 21st. They noted that the move was a valuation call. UBS Group upgraded SunTrust Banks from a “neutral” rating to a “buy” rating and increased their target price for the company from $62.00 to $73.00 in a research note on Tuesday, December 12th. Finally, Nomura increased their target price on SunTrust Banks from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $67.88.
Shares of SunTrust Banks (STI) traded up $1.03 on Friday, reaching $68.89. The company had a trading volume of 4,509,411 shares, compared to its average volume of 4,210,000. The stock has a market capitalization of $32,790.00, a P/E ratio of 17.66, a P/E/G ratio of 1.36 and a beta of 1.29. SunTrust Banks has a 1 year low of $51.96 and a 1 year high of $68.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.93.
SunTrust Banks (NYSE:STI) last issued its quarterly earnings results on Friday, October 20th. The financial services provider reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.30 billion. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. SunTrust Banks’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share. sell-side analysts anticipate that SunTrust Banks will post 4.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Wednesday, November 29th. SunTrust Banks’s dividend payout ratio is currently 41.03%.
In other SunTrust Banks news, Director Kyle P. Legg sold 3,300 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $21.82, for a total transaction of $72,006.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was 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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