A number of research firms have changed their ratings and price targets for SunTrust Banks (NYSE: STI):

  • 8/9/2017 – SunTrust Banks is now covered by analysts at Wells Fargo & Company. They set an “outperform” rating and a $70.00 price target on the stock.
  • 8/3/2017 – SunTrust Banks was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $63.00 price target on the stock.
  • 7/27/2017 – SunTrust Banks had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $60.00 price target on the stock.
  • 7/25/2017 – SunTrust Banks had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $63.00 price target on the stock, up previously from $62.00.
  • 7/23/2017 – SunTrust Banks had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/12/2017 – SunTrust Banks had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $61.00 price target on the stock.
  • 7/12/2017 – SunTrust Banks was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/6/2017 – SunTrust Banks was given a new $58.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.
  • 7/5/2017 – SunTrust Banks was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/24/2017 – SunTrust Banks was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/14/2017 – SunTrust Banks was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of SunTrust Banks, Inc. (STI) traded down 2.05% on Thursday, reaching $56.42. 3,735,788 shares of the company traded hands. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 15.01 and a beta of 1.33. SunTrust Banks, Inc. has a 52-week low of $41.46 and a 52-week high of $61.69. The stock has a 50 day moving average of $56.79 and a 200 day moving average of $56.69.

SunTrust Banks (NYSE:STI) last posted its quarterly earnings results on Friday, July 21st. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.05. SunTrust Banks had a net margin of 20.51% and a return on equity of 8.48%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts expect that SunTrust Banks, Inc. will post $4.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.40 per share. This is a positive change from SunTrust Banks’s previous quarterly dividend of $0.26. This represents a $1.60 annualized dividend and a yield of 2.84%. The ex-dividend date is Tuesday, August 29th. SunTrust Banks’s dividend payout ratio is 27.73%.

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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