SunTrust Banks, Inc. (STI) Insider Susan S. Johnson Sells 3,600 Shares of Stock

SunTrust Banks, Inc. (NYSE:STI) insider Susan S. Johnson sold 3,600 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.04, for a total value of $255,744.00. Following the sale, the insider now owns 8,857 shares of the company’s stock, valued at approximately $629,201.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of SunTrust Banks, Inc. (NYSE:STI) traded up $0.04 during midday trading on Thursday, reaching $71.49. The company’s stock had a trading volume of 875,041 shares, compared to its average volume of 3,841,490. SunTrust Banks, Inc. has a 1 year low of $51.96 and a 1 year high of $72.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $33,680.98, a price-to-earnings ratio of 16.03, a PEG ratio of 1.14 and a beta of 1.37.

SunTrust Banks (NYSE:STI) last issued its earnings results on Friday, January 19th. The financial services provider reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. SunTrust Banks had a return on equity of 9.18% and a net margin of 23.35%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts predict that SunTrust Banks, Inc. will post 5.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.60 annualized dividend and a dividend yield of 2.24%. SunTrust Banks’s payout ratio is 35.71%.

Several large investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB grew its stake in shares of SunTrust Banks by 6.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 93,869 shares of the financial services provider’s stock worth $6,063,000 after purchasing an additional 5,486 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SunTrust Banks by 14.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 94,229 shares of the financial services provider’s stock worth $6,086,000 after purchasing an additional 12,025 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of SunTrust Banks by 6.2% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 215,392 shares of the financial services provider’s stock worth $13,912,000 after purchasing an additional 12,508 shares in the last quarter. Intercontinental Wealth Advisors LLC grew its stake in shares of SunTrust Banks by 13.8% in the fourth quarter. Intercontinental Wealth Advisors LLC now owns 5,845 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 707 shares in the last quarter. Finally, We Are One Seven LLC bought a new position in shares of SunTrust Banks in the fourth quarter worth $308,000. 81.91% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on STI shares. Nomura boosted 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. Wedbush lowered SunTrust Banks from an “outperform” rating to a “neutral” rating and dropped their price target for the company 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 reissued a “buy” rating and set a $77.00 price target on shares of SunTrust Banks in a research report on Friday, December 29th. Morgan Stanley raised SunTrust Banks from an “equal weight” rating to an “overweight” rating and set a $68.00 price target on the stock in a research report on Monday, January 8th. Finally, Vining Sparks reissued a “buy” rating and set a $85.00 price target on shares of SunTrust Banks in a research report on Monday, January 8th. Fifteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $69.02.

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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.

Insider Buying and Selling by Quarter for SunTrust Banks (NYSE:STI)

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