SunTrust Banks (NYSE:STI)‘s stock had its “hold” rating reaffirmed by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Sunday. They currently have a $79.00 price target on the financial services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 15.19% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Vining Sparks restated a “buy” rating and set a $85.00 price target on shares of SunTrust Banks in a report on Monday, January 8th. Morgan Stanley upgraded SunTrust Banks from an “equal weight” rating to an “overweight” rating and set a $68.00 price target on the stock in a report on Monday, January 8th. Credit Suisse Group restated a “hold” rating and set a $68.00 price target on shares of SunTrust Banks in a report on Thursday, January 4th. Zacks Investment Research upgraded SunTrust Banks from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Friday, January 5th. Finally, Goldman Sachs Group restated a “buy” rating and set a $74.00 price target on shares of SunTrust Banks in a report on Thursday, January 4th. Fourteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. SunTrust Banks presently has a consensus rating of “Hold” and a consensus price target of $68.40.

SunTrust Banks (STI) opened at $68.58 on Friday. The company has a market capitalization of $32,341.70, a PE ratio of 17.58, a PEG ratio of 1.35 and a beta of 1.29. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.50. SunTrust Banks has a twelve month low of $51.96 and a twelve month high of $69.56.

SunTrust Banks (NYSE:STI) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.32 billion. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. research analysts expect that SunTrust Banks will post 4.06 EPS for the current year.

In other SunTrust Banks news, Vice Chairman Mark A. Chancy sold 4,000 shares of the company’s 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 filing with the SEC, which is available at the SEC website. Also, Director Kyle P. Legg sold 3,300 shares of the company’s 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. 0.55% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of STI. Thrivent Financial For Lutherans grew its holdings in shares of SunTrust Banks by 1.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 18,320 shares of the financial services provider’s stock worth $1,039,000 after acquiring an additional 310 shares during the period. Quantitative Investment Management LLC boosted its position in shares of SunTrust Banks by 2.8% in the 2nd quarter. Quantitative Investment Management LLC now owns 123,300 shares of the financial services provider’s stock worth $6,993,000 after purchasing an additional 3,300 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of SunTrust Banks by 23.4% in the 2nd quarter. Quantbot Technologies LP now owns 13,266 shares of the financial services provider’s stock worth $752,000 after purchasing an additional 2,516 shares in the last quarter. Cibc World Markets Corp boosted its position in shares of SunTrust Banks by 33.1% in the 2nd quarter. Cibc World Markets Corp now owns 68,314 shares of the financial services provider’s stock worth $3,875,000 after purchasing an additional 16,976 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of SunTrust Banks by 66.5% in the 2nd quarter. Nordea Investment Management AB now owns 354,640 shares of the financial services provider’s stock worth $20,115,000 after purchasing an additional 141,600 shares in the last quarter. Hedge funds and other institutional investors own 80.71% 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.

Analyst Recommendations for SunTrust Banks (NYSE:STI)

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