News headlines about SunTrust Banks (NYSE:STI) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SunTrust Banks earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 47.1906194754226 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
SunTrust Banks traded down $0.26, hitting $69.33, during midday trading on Wednesday, MarketBeat reports. 2,392,198 shares of the company were exchanged, compared to its average volume of 3,240,332. The firm has a market cap of $31.96 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.33. SunTrust Banks has a fifty-two week low of $51.96 and a fifty-two week high of $73.37. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.48.
SunTrust Banks (NYSE:STI) last posted its earnings results on Friday, April 20th. The financial services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.11 by $0.18. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.29 billion. SunTrust Banks had a return on equity of 10.05% and a net margin of 24.92%. SunTrust Banks’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. equities analysts expect that SunTrust Banks will post 5.28 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be issued 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 (DPR) is 39.60%.
Several research analysts recently issued reports on the company. Susquehanna Bancshares set a $75.00 target price on SunTrust Banks and gave the company a “hold” rating in a research report on Tuesday, April 10th. Morgan Stanley increased their price objective on SunTrust Banks from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Credit Suisse Group increased their price objective on SunTrust Banks from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, April 23rd. Stephens lowered SunTrust Banks from an “overweight” rating to an “equal weight” rating in a report on Monday, April 23rd. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $75.00 price objective on shares of SunTrust Banks in a report on Sunday, April 22nd. Eighteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $70.50.
In other SunTrust Banks news, Director Steven C. Voorhees purchased 6,000 shares of the stock in a transaction on Friday, May 4th. The shares were bought at an average price of $65.96 per share, for a total transaction of $395,760.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $659,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Hugh S. Cummins III sold 11,000 shares of the stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $69.00, for a total value of $759,000.00. Following the transaction, the chief operating officer now owns 40,198 shares in the company, valued at approximately $2,773,662. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,250 shares of company stock worth $1,464,300. 0.52% of the stock is owned by corporate insiders.
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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