SunTrust Banks, Inc. (NYSE:STI) – Investment analysts at B. Riley decreased their FY2017 EPS estimates for shares of SunTrust Banks in a report issued on Thursday. B. Riley analyst S. Moss now anticipates that the financial services provider will earn $4.09 per share for the year, down from their previous forecast of $4.10. B. Riley also issued estimates for SunTrust Banks’ Q4 2017 earnings at $1.08 EPS, Q1 2018 earnings at $1.08 EPS, Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.22 EPS, Q4 2018 earnings at $1.27 EPS, FY2018 earnings at $4.75 EPS, Q1 2019 earnings at $1.17 EPS, Q2 2019 earnings at $1.32 EPS, Q3 2019 earnings at $1.39 EPS, Q4 2019 earnings at $1.43 EPS and FY2019 earnings at $5.30 EPS.

SunTrust Banks (NYSE:STI) last issued its quarterly earnings results on Friday, October 20th. The financial services provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year.

STI has been the subject of a number of other reports. Sandler O’Neill cut SunTrust Banks from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a research report on Monday, October 23rd. Keefe, Bruyette & Woods raised SunTrust Banks from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 12th. Wedbush cut SunTrust Banks from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $71.00 to $63.00 in a research report on Thursday, December 21st. They noted that the move was a valuation call. UBS Group raised SunTrust Banks from a “neutral” rating to a “buy” rating and raised their price objective for the company from $62.00 to $73.00 in a research report on Tuesday, December 12th. Finally, Nomura raised their price objective on SunTrust Banks from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Fourteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. SunTrust Banks presently has a consensus rating of “Hold” and an average price target of $67.88.

SunTrust Banks (STI) opened at $67.86 on Friday. SunTrust Banks has a 52-week low of $51.96 and a 52-week high of $68.62. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $32,300.00, a P/E ratio of 17.40, a P/E/G ratio of 1.58 and a beta of 1.29.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.60 annualized dividend and a yield of 2.36%. SunTrust Banks’s payout ratio is currently 41.03%.

In related news, Vice Chairman Mark A. Chancy sold 4,000 shares of SunTrust Banks stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $60.06, for a total transaction of $240,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kyle P. Legg sold 3,300 shares of SunTrust Banks stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $21.82, for a total value of $72,006.00. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

A number of institutional investors have recently bought and sold shares of STI. Fiduciary Trust Co. bought a new position in SunTrust Banks during the 2nd quarter worth $118,000. Advisory Services Network LLC increased its stake in SunTrust Banks by 0.9% during the 2nd quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 20 shares during the period. Westwood Holdings Group Inc. bought a new position in SunTrust Banks during the 2nd quarter worth $136,000. Tiedemann Wealth Management LLC increased its stake in SunTrust Banks by 12.1% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 26,961 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 2,920 shares during the period. Finally, Dupont Capital Management Corp increased its stake in SunTrust Banks by 55.2% during the 3rd quarter. Dupont Capital Management Corp now owns 2,623 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 933 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

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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.

Earnings History and Estimates for SunTrust Banks (NYSE:STI)

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