Dalton Greiner Hartman Maher & Co. decreased its stake in shares of SunTrust Banks, Inc. (NYSE:STI) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 216,335 shares of the financial services provider’s stock after selling 26,558 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in SunTrust Banks were worth $13,973,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mountain Pacific Investment Advisers Inc. ID increased its position in SunTrust Banks by 242.7% during the third quarter. Mountain Pacific Investment Advisers Inc. ID now owns 23,017 shares of the financial services provider’s stock worth $1,376,000 after purchasing an additional 16,300 shares during the last quarter. Whittier Trust Co. increased its position in SunTrust Banks by 119.9% during the third quarter. Whittier Trust Co. now owns 4,197 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 2,288 shares during the last quarter. Highstreet Asset Management Inc. acquired a new position in SunTrust Banks during the third quarter worth approximately $778,000. Commerce Bank increased its position in SunTrust Banks by 293.8% during the third quarter. Commerce Bank now owns 17,967 shares of the financial services provider’s stock worth $1,074,000 after purchasing an additional 13,405 shares during the last quarter. Finally, Bank of Stockton increased its position in SunTrust Banks by 17.8% during the third quarter. Bank of Stockton now owns 12,190 shares of the financial services provider’s stock worth $728,000 after purchasing an additional 1,840 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. UBS Group lowered shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a research report on Monday, October 23rd. Sandler O’Neill lowered shares of SunTrust Banks from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a research report on Monday, October 23rd. Raymond James Financial downgraded shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a research note on Monday, October 23rd. Keefe, Bruyette & Woods upgraded shares of SunTrust Banks from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Friday, January 5th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $67.88.

Shares of SunTrust Banks, Inc. (NYSE STI) opened at $67.70 on Thursday. The stock has a market cap of $32,230.00, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.58 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, Inc. has a 52 week low of $51.96 and a 52 week high of $68.62.

SunTrust Banks (NYSE:STI) last announced its earnings results on Friday, October 20th. The financial services provider reported $1.06 earnings per share 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 net margin of 20.88% and a return on equity of 8.83%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. sell-side analysts predict that SunTrust Banks, Inc. will post 4.07 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.36%. SunTrust Banks’s dividend payout ratio (DPR) is presently 41.03%.

In other news, Vice Chairman Mark A. Chancy sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $60.06, for a total value of $240,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kyle P. Legg sold 3,300 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $21.82, for a total transaction of $72,006.00. 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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