SunTrust Banks (NYSE:STI) EVP Jerome T. Lienhard sold 8,750 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $69.06, for a total value of $604,275.00. Following the transaction, the executive vice president now directly owns 41,374 shares of the company’s stock, valued at $2,857,288.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
STI opened at $69.38 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.48. The company has a market cap of $32.20 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.03 and a beta of 1.33. SunTrust Banks has a 52 week low of $68.51 and a 52 week high of $69.28.
SunTrust Banks (NYSE:STI) last posted its quarterly earnings data on Friday, April 20th. The financial services provider reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.18. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.29 billion. SunTrust Banks had a return on equity of 10.05% and a net margin of 24.92%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. equities research analysts expect that SunTrust Banks will post 5.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, May 30th. SunTrust Banks’s dividend payout ratio is presently 39.60%.
Several research analysts have recently issued reports on STI shares. Zacks Investment Research raised SunTrust Banks from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Wednesday, March 21st. ValuEngine raised SunTrust Banks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 target price on shares of SunTrust Banks in a research report on Thursday, April 5th. Piper Jaffray reissued a “buy” rating and issued a $75.00 target price on shares of SunTrust Banks in a research report on Sunday, April 22nd. Finally, Stephens cut SunTrust Banks from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 23rd. They noted that the move was a valuation call. Eighteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $70.50.
A number of institutional investors and hedge funds have recently bought and sold shares of STI. Private Capital Group LLC raised its stake in shares of SunTrust Banks by 2,085.5% during the 1st quarter. Private Capital Group LLC now owns 1,508 shares of the financial services provider’s stock worth $103,000 after buying an additional 1,439 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of SunTrust Banks by 107.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,627 shares of the financial services provider’s stock worth $105,000 after buying an additional 843 shares in the last quarter. First Personal Financial Services raised its stake in shares of SunTrust Banks by 114.3% during the 1st quarter. First Personal Financial Services now owns 1,963 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,047 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in shares of SunTrust Banks during the 4th quarter worth approximately $156,000. Finally, Avestar Capital LLC purchased a new position in shares of SunTrust Banks during the 4th quarter worth approximately $162,000. 84.47% of the stock is owned by hedge funds and other institutional investors.
SunTrust Banks Company Profile
SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.
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