Shares of SunTrust Banks, Inc. (NYSE:STI) have been given a consensus rating of “Hold” by the twenty-seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $57.44.

Several equities research analysts recently weighed in on STI shares. Bank of America Corporation reaffirmed a “hold” rating on shares of SunTrust Banks in a research note on Monday, April 24th. FBR & Co set a $65.00 price target on SunTrust Banks and gave the stock a “buy” rating in a research note on Monday, April 24th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of SunTrust Banks in a research note on Sunday, April 23rd. Zacks Investment Research raised SunTrust Banks from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, March 28th. Finally, Jefferies Group LLC raised SunTrust Banks from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday, April 3rd.

A number of hedge funds have recently bought and sold shares of the stock. Investec Asset Management LTD boosted its stake in shares of SunTrust Banks by 64.9% in the first quarter. Investec Asset Management LTD now owns 4,321,742 shares of the financial services provider’s stock worth $238,992,000 after buying an additional 1,701,169 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of SunTrust Banks by 351.1% in the first quarter. First Trust Advisors LP now owns 1,760,540 shares of the financial services provider’s stock worth $97,358,000 after buying an additional 1,370,247 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of SunTrust Banks by 229.6% in the first quarter. Janus Capital Management LLC now owns 1,467,404 shares of the financial services provider’s stock worth $81,147,000 after buying an additional 1,022,200 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of SunTrust Banks by 8.6% in the first quarter. AQR Capital Management LLC now owns 8,758,128 shares of the financial services provider’s stock worth $484,324,000 after buying an additional 694,144 shares during the last quarter. Finally, Dodge & Cox bought a new stake in shares of SunTrust Banks during the fourth quarter worth approximately $28,615,000. Institutional investors own 81.84% of the company’s stock.

WARNING: “SunTrust Banks, Inc. (NYSE:STI) Given Consensus Rating of “Hold” by Analysts” was published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/07/17/suntrust-banks-inc-nysesti-given-consensus-rating-of-hold-by-analysts.html.

SunTrust Banks (STI) traded up 0.04% during midday trading on Monday, reaching $56.62. 2,433,970 shares of the company traded hands. SunTrust Banks has a one year low of $41.07 and a one year high of $61.69. The firm has a market capitalization of $27.50 billion, a price-to-earnings ratio of 15.42 and a beta of 1.33. The firm 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 issued its quarterly earnings results on Friday, April 21st. The financial services provider reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.07. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.21 billion. SunTrust Banks had a return on equity of 8.14% and a net margin of 20.32%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 earnings per share. Equities analysts predict that SunTrust Banks will post $3.96 EPS for the current fiscal year.

SunTrust Banks announced that its board has approved a share repurchase plan on Wednesday, June 28th that permits the company to buyback $1.32 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

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.

Analyst Recommendations for SunTrust Banks (NYSE:STI)

Receive News & Ratings for SunTrust Banks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunTrust Banks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.