SunTrust Banks, Inc. (NYSE:STI) – Analysts at FIG Partners issued their Q2 2019 earnings per share (EPS) estimates for shares of SunTrust Banks in a report released on Friday. FIG Partners analyst C. Marinac anticipates that the financial services provider will post earnings per share of $1.29 for the quarter. FIG Partners also issued estimates for SunTrust Banks’ Q3 2019 earnings at $1.33 EPS, Q4 2019 earnings at $1.34 EPS and FY2019 earnings at $5.22 EPS.
STI has been the topic of a number of other reports. Nomura lifted their price objective on SunTrust Banks from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Barclays lifted their price objective on SunTrust Banks from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Wedbush lowered SunTrust Banks from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $71.00 to $63.00 in a research report on Thursday, December 21st. They noted that the move was a valuation call. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $77.00 price objective on shares of SunTrust Banks in a research report on Friday, December 29th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $55.00 price objective on shares of SunTrust Banks in a research report on Sunday, October 1st. Fifteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $68.48.
Shares of SunTrust Banks (NYSE:STI) traded up $0.44 during mid-day trading on Monday, hitting $70.32. The stock had a trading volume of 3,514,528 shares, compared to its average volume of 4,020,000. The company has a market cap of $33,470.00, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.36 and a beta of 1.29. SunTrust Banks has a 12-month low of $51.96 and a 12-month high of $70.64. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43.
SunTrust Banks (NYSE:STI) last issued its quarterly earnings data on Friday, January 19th. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.32 billion. SunTrust Banks had a return on equity of 9.18% and a net margin of 23.35%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS.
Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC raised its stake in shares of SunTrust Banks by 0.9% in the second quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 20 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of SunTrust Banks in the second quarter worth $136,000. Dupont Capital Management Corp raised its stake in shares of SunTrust Banks by 55.2% in the third quarter. Dupont Capital Management Corp now owns 2,623 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 933 shares during the last quarter. Blue Granite Capital LLC purchased a new position in shares of SunTrust Banks in the third quarter worth $177,000. Finally, Balentine LLC raised its stake in shares of SunTrust Banks by 2.9% in the second quarter. Balentine LLC now owns 3,148 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 80.65% of the company’s stock.
In other SunTrust Banks news, Director Kyle P. Legg sold 3,300 shares of SunTrust Banks stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of SunTrust Banks stock in a transaction on 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. 0.55% of the stock is currently owned by insiders.
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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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