Somewhat Positive Media Coverage Somewhat Unlikely to Affect SunTrust Banks (STI) Stock Price
Media coverage about SunTrust Banks (NYSE:STI) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SunTrust Banks earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 49.1406928814807 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- SunTrust Banks, Inc. (NYSE:STI) – Hot Mover of the Day – Nasdaq Journal (press release) (nasdaqjournal.com)
- Snap Inc., (NYSE: SNAP), SunTrust Banks, Inc., (NYSE: STI), State Street Corporation, (NYSE: STT), Discovery … – Stocks In The News (press release) (tradingnewsnow.com)
- SunTrust Banks, Inc. (NYSE: STI) – Eye-Catching Shares – Alpha Beta Stock (alphabetastock.com)
- SunTrust Banks, Inc. (NYSE: STI) – Attention Seeking Stock – Alpha Beta Stock (alphabetastock.com)
- SunTrust to Present at the Goldman Sachs US Financial Services Conference (finance.yahoo.com)
Shares of SunTrust Banks (NYSE:STI) traded down $0.11 during midday trading on Thursday, hitting $57.62. The stock had a trading volume of 1,852,300 shares, compared to its average volume of 3,349,630. SunTrust Banks has a twelve month low of $51.13 and a twelve month high of $61.69. The stock has a market capitalization of $27,380.00, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.93 and a current ratio of 0.94.
SunTrust Banks (NYSE:STI) last announced its earnings results on Friday, October 20th. The financial services provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.30 billion. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. SunTrust Banks’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. research analysts anticipate that SunTrust Banks will post 4.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Wednesday, November 29th. SunTrust Banks’s dividend payout ratio (DPR) is presently 41.03%.
STI has been the subject of several recent analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $63.00 price target on shares of SunTrust Banks in a report on Wednesday, October 4th. Zacks Investment Research upgraded SunTrust Banks from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Friday, September 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price target on shares of SunTrust Banks in a report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and issued a $69.00 price target on shares of SunTrust Banks in a report on Thursday, October 12th. Finally, Morgan Stanley upgraded SunTrust Banks from an “underweight” rating to an “equal weight” rating and set a $63.00 price target for the company in a report on Thursday, August 3rd. Eighteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $63.18.
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In other news, Director Kyle P. Legg sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.82, for a total transaction of $72,006.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by company insiders.
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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