TNB Financial lessened its holdings in SunTrust Banks, Inc. (NYSE:STI) by 25.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,852 shares of the financial services provider’s stock after selling 2,309 shares during the quarter. TNB Financial’s holdings in SunTrust Banks were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC boosted its holdings in SunTrust Banks by 0.9% in the 2nd quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 20 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of SunTrust Banks during the 2nd quarter worth approximately $136,000. Tiedemann Wealth Management LLC boosted its stake in shares of 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 in the last quarter. Dupont Capital Management Corp boosted its stake in shares of 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 in the last quarter. Finally, Blue Granite Capital LLC purchased a new stake in shares of SunTrust Banks during the 3rd quarter worth approximately $177,000. 81.82% of the stock is currently owned by institutional investors.

Shares of SunTrust Banks, Inc. (NYSE:STI) opened at $69.01 on Thursday. SunTrust Banks, Inc. has a 52 week low of $51.96 and a 52 week high of $72.06. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $32,225.81, a P/E ratio of 16.90, a P/E/G ratio of 1.28 and a beta of 1.37.

SunTrust Banks (NYSE:STI) last posted its earnings results on Friday, January 19th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. SunTrust Banks had a return on equity of 9.18% and a net margin of 23.35%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the company earned $0.90 EPS. SunTrust Banks’s revenue was up 5.1% on a year-over-year basis. equities analysts forecast that SunTrust Banks, Inc. will post 5.03 earnings per share for the current year.

Several equities research analysts have recently commented on STI shares. Zacks Investment Research lowered SunTrust Banks from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Jefferies Group reissued a “buy” rating and set a $69.00 price target on shares of SunTrust Banks in a research note on Thursday, October 12th. FBR & Co reissued a “hold” rating and set a $62.00 price target on shares of SunTrust Banks in a research note on Friday, October 20th. Oppenheimer reissued a “hold” rating on shares of SunTrust Banks in a research note on Friday, October 20th. Finally, UBS Group lowered SunTrust Banks from an “outperform” rating to a “market perform” rating in a research note on Monday, October 23rd. Fifteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. SunTrust Banks has a consensus rating of “Hold” and an average target price of $69.02.

In related news, EVP Jerome T. Lienhard sold 29,248 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $17.37, for a total value of $508,037.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $60.06, for a total value of $240,240.00. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for SunTrust Banks (NYSE:STI)

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