SunTrust Banks (NYSE:STI) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday, March 7th.
Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods raised SunTrust Banks from a “market perform” rating to an “outperform” rating in a report on Tuesday, December 12th. UBS raised SunTrust Banks from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $73.00 in a research note on Tuesday, December 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $79.00 price target on shares of SunTrust Banks in a research note on Sunday, January 21st. Zacks Investment Research upgraded SunTrust Banks from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Friday, January 5th. Finally, 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. Sixteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. SunTrust Banks presently has an average rating of “Hold” and an average price target of $69.25.
SunTrust Banks (STI) opened at $71.53 on Wednesday. SunTrust Banks has a 1 year low of $51.96 and a 1 year high of $73.37. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43. The stock has a market cap of $33,277.41, a P/E ratio of 15.97, a PEG ratio of 1.13 and a beta of 1.33.
In related news, EVP Jerome T. Lienhard sold 29,248 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $17.37, for a total transaction of $508,037.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan S. Johnson sold 3,600 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.04, for a total value of $255,744.00. Following the transaction, the insider now owns 8,857 shares of the company’s stock, valued at $629,201.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,348 shares of company stock valued at $1,289,757. 0.55% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in STI. Dupont Capital Management Corp grew its stake in shares of SunTrust Banks by 55.2% in the third quarter. Dupont Capital Management Corp now owns 2,623 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 933 shares in the last quarter. Boston Partners lifted its holdings in shares of SunTrust Banks by 6.8% in the third quarter. Boston Partners now owns 6,812,235 shares of the financial services provider’s stock valued at $407,167,000 after buying an additional 433,042 shares during the period. Pettee Investors Inc. acquired a new stake in shares of SunTrust Banks in the third quarter valued at $870,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of SunTrust Banks by 1.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 166,437 shares of the financial services provider’s stock valued at $9,948,000 after buying an additional 2,610 shares during the period. Finally, Maple Capital Management Inc. lifted its holdings in shares of SunTrust Banks by 4.8% in the third quarter. Maple Capital Management Inc. now owns 148,693 shares of the financial services provider’s stock valued at $8,887,000 after buying an additional 6,867 shares during the period. 83.57% of the stock is owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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