Shares of SunTrust Banks, Inc. (NYSE:STI) have received a consensus recommendation of “Hold” from the twenty ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $70.64.

STI has been the topic of a number of recent research reports. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Morgan Stanley cut Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 22nd. Finally, Zacks Investment Research cut Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th.

In related news, insider Robert Ryan Richards sold 1,844 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $62.58, for a total value of $115,397.52. Following the transaction, the insider now owns 2,083 shares in the company, valued at $130,354.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jorge Arrieta sold 6,606 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $63.46, for a total value of $419,216.76. Following the completion of the transaction, the executive vice president now owns 2,556 shares in the company, valued at approximately $162,203.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,332 shares of company stock worth $3,177,368. Insiders own 0.42% of the company’s stock.

Several large investors have recently added to or reduced their stakes in STI. Arcus Capital Partners LLC grew its holdings in shares of SunTrust Banks by 1.7% during the first quarter. Arcus Capital Partners LLC now owns 9,972 shares of the financial services provider’s stock valued at $591,000 after purchasing an additional 164 shares during the last quarter. Independence Bank of Kentucky grew its holdings in shares of SunTrust Banks by 1.1% during the first quarter. Independence Bank of Kentucky now owns 15,830 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 165 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in SunTrust Banks by 2.8% in the 1st quarter. Eqis Capital Management Inc. now owns 6,227 shares of the financial services provider’s stock worth $369,000 after buying an additional 168 shares in the last quarter. Magnus Financial Group LLC grew its holdings in SunTrust Banks by 3.6% in the 1st quarter. Magnus Financial Group LLC now owns 5,527 shares of the financial services provider’s stock worth $327,000 after buying an additional 192 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its holdings in SunTrust Banks by 2.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 8,391 shares of the financial services provider’s stock worth $527,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 80.21% of the company’s stock.

STI stock traded down $0.35 during trading on Friday, reaching $65.39. 3,975,031 shares of the stock traded hands, compared to its average volume of 2,876,222. The firm’s 50 day simple moving average is $63.22. SunTrust Banks has a 52-week low of $46.05 and a 52-week high of $75.08. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.85. The firm has a market cap of $29.18 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.20 and a beta of 1.48.

SunTrust Banks (NYSE:STI) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.02. SunTrust Banks had a return on equity of 11.86% and a net margin of 23.92%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the business earned $1.49 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that SunTrust Banks will post 5.68 EPS for the current year.

About SunTrust Banks

SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, institutions, and not-for-profit entities in the United States. It operates in two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.

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Analyst Recommendations for SunTrust Banks (NYSE:STI)

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