Somewhat Favorable Media Coverage Somewhat Unlikely to Impact SunTrust Banks (NYSE:STI) Share Price

Press coverage about SunTrust Banks (NYSE:STI) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty 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 daily sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.5973541561734 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

NYSE:STI traded down $0.29 during midday trading on Wednesday, reaching $66.90. 437,592 shares of the stock traded hands, compared to its average volume of 3,352,176. SunTrust Banks has a 12 month low of $51.96 and a 12 month 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 firm has a market capitalization of $30,945.28, a P/E ratio of 16.63, a P/E/G ratio of 1.05 and a beta of 1.33.

SunTrust Banks (NYSE:STI) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. The company had revenue of $2.27 billion during 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%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. analysts anticipate that SunTrust Banks will post 5.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Tuesday, February 27th. SunTrust Banks’s payout ratio is currently 39.60%.

Several equities research analysts have recently weighed in on STI shares. Keefe, Bruyette & Woods upgraded shares of SunTrust Banks from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 12th. 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. ValuEngine upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. UBS raised shares of SunTrust Banks from a “neutral” rating to a “buy” rating and raised their price objective for the company from $62.00 to $73.00 in a research note on Tuesday, December 12th. Finally, Morgan Stanley raised shares of SunTrust Banks from an “equal weight” rating to an “overweight” rating and set a $68.00 price objective on the stock in a research note on Monday, January 8th. Seventeen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $69.61.

In related news, insider Susan S. Johnson sold 3,600 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.04, for a total transaction of $255,744.00. Following the sale, the insider now directly owns 8,857 shares of the company’s stock, valued at approximately $629,201.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jerome T. Lienhard sold 29,248 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $17.37, for a total transaction of $508,037.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,348 shares of company stock worth $1,289,757. Insiders own 0.52% 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.

Insider Buying and Selling by Quarter for SunTrust Banks (NYSE:STI)

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