Headlines about SunTrust Banks (NYSE:STI) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SunTrust Banks earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.9145073170976 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
NYSE STI traded down $1.74 during trading hours on Friday, hitting $67.38. The company had a trading volume of 4,134,238 shares, compared to its average volume of 3,436,610. SunTrust Banks has a 52 week low of $51.96 and a 52 week high of $73.37. 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 company has a market cap of $31,689.87, a P/E ratio of 16.68, a P/E/G ratio of 1.03 and a beta of 1.33.
SunTrust Banks (NYSE:STI) last issued its earnings results on Friday, January 19th. The financial services provider reported $1.09 EPS for the quarter, topping the 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 business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company earned $0.90 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. equities research analysts anticipate that SunTrust Banks will post 5.06 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.60 annualized dividend and a yield of 2.37%. SunTrust Banks’s dividend payout ratio is currently 39.60%.
STI has been the subject of several research reports. Wedbush downgraded SunTrust Banks from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $71.00 to $63.00 in a research note on Thursday, December 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded SunTrust Banks from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $77.00 price target on shares of SunTrust Banks in a research note on Friday, December 29th. Barclays increased their price target on SunTrust Banks from $68.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Goldman Sachs reiterated a “buy” rating and set a $74.00 price target on shares of SunTrust Banks in a research note on Thursday, January 4th. Eighteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $69.76.
In other SunTrust Banks news, Vice Chairman Mark A. Chancy sold 7,500 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $70.13, for a total value of $525,975.00. Following the completion of the transaction, the insider now owns 149,955 shares in the company, valued at approximately $10,516,344.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jerome T. Lienhard sold 29,248 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $17.37, for a total value of $508,037.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,348 shares of company stock valued at $1,289,757. 0.52% of the stock is owned by corporate insiders.
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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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