Shares of SunTrust Banks Inc. (NYSE:STI) traded down 1.7% during mid-day trading on Friday . The company traded as low as $41.79 and last traded at $42.44, with a volume of 3,480,816 shares changing hands. The stock had previously closed at $43.17.

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $45.00 target price on shares of SunTrust Banks in a research report on Friday, July 15th. Robert W. Baird cut SunTrust Banks from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $43.00 to $41.00 in a research report on Friday, July 15th. Credit Suisse Group AG reaffirmed a “sell” rating on shares of SunTrust Banks in a research report on Tuesday, July 12th. Nomura Holdings Inc. reaffirmed a “hold” rating on shares of SunTrust Banks in a research report on Saturday, July 9th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $46.00 price objective on shares of SunTrust Banks in a research report on Sunday, July 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $43.76.

The firm has a market cap of $21.43 billion and a price-to-earnings ratio of 11.64. The stock has a 50 day moving average of $41.85 and a 200-day moving average of $38.87.

SunTrust Banks (NYSE:STI) last issued its quarterly earnings data on Friday, July 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.06. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that SunTrust Banks Inc. will post $3.51 EPS for the current fiscal year.

In other news, CFO Aleem Gillani sold 23,664 shares of the business’s stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of $42.49, for a total transaction of $1,005,483.36. Following the completion of the transaction, the chief financial officer now directly owns 248,235 shares in the company, valued at $10,547,505.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anil T. Cheriyan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $42.00, for a total value of $420,000.00. Following the transaction, the insider now owns 89,203 shares of the company’s stock, valued at $3,746,526. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of STI. OppenheimerFunds Inc. increased its position in shares of SunTrust Banks by 9.6% in the fourth quarter. OppenheimerFunds Inc. now owns 465,125 shares of the financial services provider’s stock valued at $19,931,000 after buying an additional 40,835 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of SunTrust Banks by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 94,552 shares of the financial services provider’s stock valued at $4,050,000 after buying an additional 3,099 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of SunTrust Banks by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 28,831,652 shares of the financial services provider’s stock valued at $1,235,149,000 after buying an additional 516,669 shares during the last quarter. GAM Holding AG boosted its stake in shares of SunTrust Banks by 3.2% in the fourth quarter. GAM Holding AG now owns 72,000 shares of the financial services provider’s stock valued at $3,084,000 after buying an additional 2,231 shares during the last quarter. Finally, Azimuth Capital Management LLC boosted its stake in shares of SunTrust Banks by 1.1% in the fourth quarter. Azimuth Capital Management LLC now owns 41,447 shares of the financial services provider’s stock valued at $1,776,000 after buying an additional 447 shares during the last quarter.

SunTrust Banks, Inc is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Company’s other subsidiaries provide asset and wealth management, securities brokerage, and capital market services.

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