SunTrust Banks (STI) Given News Sentiment Score of 0.17
Press coverage about SunTrust Banks (NYSE:STI) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SunTrust Banks earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.2893034877216 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- SunTrust Offers Chance to Win Hawaiian Vacation, Cash Prizes (patch.com)
- SunTrust Banks Sees Unusually Large Options Volume (STI) (americanbankingnews.com)
- 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)
Shares of SunTrust Banks (NYSE:STI) traded down $0.41 during trading hours on Monday, reaching $57.21. The company had a trading volume of 833,100 shares, compared to its average volume of 3,338,544. SunTrust Banks has a 12 month low of $51.13 and a 12 month high of $61.69. The firm has a market cap of $27,230.00, a price-to-earnings ratio of 14.82, a P/E/G ratio of 1.54 and a beta of 1.29. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.50.
SunTrust Banks (NYSE:STI) last announced its earnings results on Friday, October 20th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.06. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the company posted $0.91 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. equities analysts predict that SunTrust Banks will post 4.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, November 29th. SunTrust Banks’s dividend payout ratio is presently 41.03%.
A number of brokerages recently weighed in on STI. Nomura upped their price objective on SunTrust Banks from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Robert W. Baird restated a “hold” rating and set a $55.00 price objective on shares of SunTrust Banks in a research note on Sunday, October 1st. Wells Fargo & Company began coverage on SunTrust Banks in a research note on Wednesday, August 9th. They set an “outperform” rating and a $70.00 price objective for the company. Morgan Stanley upgraded SunTrust Banks from an “underweight” rating to an “equal weight” rating and set a $63.00 price objective for the company in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $62.00 price objective on shares of SunTrust Banks in a research note on Tuesday, October 3rd. Seventeen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $63.66.
In other news, Director Kyle P. Legg sold 3,300 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.82, for a total value of $72,006.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 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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