Somewhat Favorable Media Coverage Somewhat Unlikely to Impact SunTrust Banks (STI) Share Price
Media coverage about SunTrust Banks (NYSE:STI) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SunTrust Banks earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.7835946673518 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s rankings:
- Steve Voorhees Appointed to SunTrust Board of Directors (finance.yahoo.com)
- SunTrust: Companies Look to Boost Financial Fitness This Benefits Season (finance.yahoo.com)
- One of Nashville’s biggest banks has a new chief (finance.yahoo.com)
A number of research firms have commented on STI. UBS AG reissued a “neutral” rating and issued a $62.00 target price (up previously from $61.00) on shares of SunTrust Banks in a report on Friday, October 6th. Citigroup Inc. lowered SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 target price on shares of SunTrust Banks in a report on Monday, October 23rd. Zacks Investment Research raised SunTrust Banks from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, October 10th. Finally, FBR & Co reissued a “hold” rating and issued a $62.00 target price on shares of SunTrust Banks in a report on Friday, October 20th. Eighteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $63.18.
SunTrust Banks (STI) opened at $57.77 on Friday. SunTrust Banks has a 52-week low of $51.06 and a 52-week high of $61.69. The company has a market capitalization of $27,700.00, a PE ratio of 14.93, a PEG ratio of 1.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.93.
SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, October 20th. The financial services provider reported $1.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.06. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. sell-side analysts predict that SunTrust Banks will post 4.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.77%. SunTrust Banks’s payout ratio is 41.03%.
In other news, Director Kyle P. Legg sold 3,300 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.82, for a total value of $72,006.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by insiders.
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.
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