Press coverage about SunTrust Banks (NYSE:STI) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SunTrust Banks earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.5973541561734 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- SunTrust: Americans Plan to Boost Savings with Tax Refunds (finance.yahoo.com)
- SunTrust Banks (STI) Lifted to Buy at ValuEngine (americanbankingnews.com)
- Noteworthy Stocks to Watch for: SunTrust Banks, Inc. (NYSE:STI), Kimberly-Clark Corporation (NYSE:KMB) – The Oracle Examiner (oracleexaminer.com)
- Hot Stock’s Alert – SunTrust Banks Inc (NYSE: STI) – Alpha Beta Stock (alphabetastock.com)
- Tech accelerator Engage chooses 8 startups for spring program (bizjournals.com)
Several equities research analysts have recently weighed in on STI shares. Barclays increased their price objective on shares of SunTrust Banks from $68.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. B. Riley reiterated a “hold” rating and set a $70.00 price objective on shares of SunTrust Banks in a research report on Monday, January 22nd. Morgan Stanley upgraded shares of SunTrust Banks from an “equal weight” rating to an “overweight” rating and set a $68.00 price objective for the company in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, December 26th. Finally, Wedbush cut shares of SunTrust Banks from an “outperform” rating to a “neutral” rating and decreased 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. Sixteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $69.16.
SunTrust Banks (NYSE:STI) last issued its earnings results on Friday, January 19th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.32 billion. SunTrust Banks had a net margin of 23.35% and a return on equity of 9.18%. SunTrust Banks’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 earnings per share. equities analysts anticipate that SunTrust Banks will post 5.03 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, February 27th. SunTrust Banks’s dividend payout ratio is presently 41.56%.
In other SunTrust Banks news, EVP Jerome T. Lienhard sold 29,248 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $17.37, for a total value of $508,037.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Mark A. Chancy sold 7,500 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $70.13, for a total transaction of $525,975.00. Following the completion of the transaction, the insider now directly owns 149,955 shares in the company, valued at $10,516,344.15. The disclosure for this sale can be found here. Insiders sold 40,348 shares of company stock worth $1,289,757 over the last ninety days. Insiders own 0.55% of the company’s stock.
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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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