SunTrust Banks (NYSE:STI) Given Daily Media Sentiment Rating of 0.06
Press coverage about SunTrust Banks (NYSE:STI) has trended somewhat positive on Thursday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SunTrust Banks earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 50.7994628261953 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s rankings:
- SunTrust Banks, Inc. (NYSE:STI) Now Covered by Wells Fargo & Company (americanbankingnews.com)
- Smith Salley & Associates Purchases 66 Shares of SunTrust Banks, Inc. (STI) (footballhebdo.com)
- LLC Has $149000 Position in SunTrust Banks, Inc. (STI) (overnewsmagazine.com)
- Is SunTrust (STI) Stock Worth a Look Post Dividend Hike? (zacks.com)
- Suntrust Banks Inc (NYSE:STI) Stock Sentiment Worsens (famososartistas.com)
STI has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $60.00 target price on shares of SunTrust Banks in a research note on Thursday, May 18th. Rafferty Capital Markets raised their target price on shares of SunTrust Banks from $63.00 to $64.50 and gave the stock a “buy” rating in a research note on Monday, April 24th. FBR & Co set a $65.00 target price on shares of SunTrust Banks and gave the stock a “buy” rating in a research note on Monday, April 24th. BidaskClub upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Barclays PLC raised their target price on shares of SunTrust Banks from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $58.58.
Shares of SunTrust Banks (NYSE:STI) opened at 57.60 on Thursday. SunTrust Banks has a 12 month low of $41.46 and a 12 month high of $61.69. The company has a 50-day moving average of $56.63 and a 200 day moving average of $56.59. The company has a market cap of $27.82 billion, a PE ratio of 15.32 and a beta of 1.33.
SunTrust Banks (NYSE:STI) last posted its quarterly earnings data on Friday, July 21st. The financial services provider reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.05. SunTrust Banks had a return on equity of 8.48% and a net margin of 20.51%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company earned $0.94 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that SunTrust Banks will post $4.04 earnings per share for the current year.
SunTrust Banks declared that its board has approved a stock buyback plan on Wednesday, June 28th that permits the company to repurchase $1.32 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.40 dividend. This is an increase from SunTrust Banks’s previous quarterly dividend of $0.26. This represents a $1.60 annualized dividend and a yield of 2.78%. The ex-dividend date is Tuesday, August 29th. SunTrust Banks’s dividend payout ratio is currently 27.73%.
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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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