Headlines about SunTrust Banks (NYSE:STI) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SunTrust Banks earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 82 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Investors Focused Movers: SunTrust Banks, Inc. (STI), Moleculin Biotech, Inc. (MBRX) – The Momentous News (momentousnews.com)
- The SunTrust Banks (NYSE:STI) Receiving Somewhat Favorable Press Coverage, Study Shows (healthcaremenu.net)
- SunTrust Banks (NYSE:STI) Earning Somewhat Favorable News Coverage, Analysis Shows (hoyentv.com)
- SunTrust Banks, Inc. (STI) Given a $58.00 Price Target by Keefe, Bruyette & Woods Analysts (americanbankingnews.com)
- SunTrust Banks, Inc. (STI) Lifted to “Buy” at BidaskClub (americanbankingnews.com)
Shares of SunTrust Banks (NYSE STI) traded up 0.02% during trading on Monday, reaching $57.78. The company had a trading volume of 1,605,228 shares. The firm has a market capitalization of $28.06 billion, a PE ratio of 15.74 and a beta of 1.33. SunTrust Banks has a 12 month low of $41.07 and a 12 month high of $61.69. The stock has a 50 day moving average price of $55.13 and a 200 day moving average price of $56.32.
SunTrust Banks (NYSE:STI) last announced its quarterly earnings results on Friday, April 21st. The financial services provider reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.07. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.21 billion. SunTrust Banks had a return on equity of 8.14% and a net margin of 20.32%. SunTrust Banks’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 EPS. On average, equities research analysts forecast that SunTrust Banks will post $3.97 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.80%. The ex-dividend date was Friday, May 26th. SunTrust Banks’s dividend payout ratio is 28.42%.
A number of research firms have issued reports on STI. Keefe, Bruyette & Woods restated a “hold” rating and issued a $58.00 target price on shares of SunTrust Banks in a report on Friday, May 5th. BidaskClub raised shares of SunTrust Banks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Wedbush raised shares of SunTrust Banks from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $60.00 to $63.00 in a research note on Monday, May 1st. FBR & Co set a $65.00 price objective on shares of SunTrust Banks and gave the company a “buy” rating in a research note on Monday, April 24th. Finally, Zacks Investment Research downgraded shares of SunTrust Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $57.15.
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About SunTrust Banks
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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