SunTrust Banks (STI) Receives Media Impact Rating of 0.32
Media headlines about SunTrust Banks (NYSE:STI) have trended positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SunTrust Banks earned a coverage optimism score of 0.32 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 43.9177403295812 out of 100, indicating that recent media 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 rankings:
- SunTrust Pays Mobile Banking App Data Charges for AT&T Customers – Markets Insider (markets.businessinsider.com)
- SunTrust Banks, Inc. (STI) Price Target Raised to $62.00 at UBS AG (americanbankingnews.com)
- SunTrust Banks, Inc. (STI): Overbought Stock Of Yesterday – Voice Of Analysts (analystsbuzz.com)
- ETFs with exposure to SunTrust Banks, Inc. : September 29, 2017 (finance.yahoo.com)
A number of equities analysts have commented on STI shares. BidaskClub raised shares of SunTrust Banks from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Keefe, Bruyette & Woods set a $58.00 price objective on shares of SunTrust Banks and gave the stock a “hold” rating in a research note on Thursday, July 6th. Instinet reissued a “neutral” rating and issued a $61.00 price objective on shares of SunTrust Banks in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of SunTrust Banks in a research note on Sunday, July 23rd. Finally, Morgan Stanley reissued an “underweight” rating and issued a $63.00 price objective (up from $62.00) on shares of SunTrust Banks in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company. SunTrust Banks currently has a consensus rating of “Hold” and an average target price of $61.55.
SunTrust Banks (STI) traded up 0.21% during midday trading on Friday, reaching $60.77. 3,244,386 shares of the company’s stock traded hands. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 16.16 and a beta of 1.31. The firm’s 50-day moving average is $56.47 and its 200-day moving average is $56.11. SunTrust Banks has a 1-year low of $44.25 and a 1-year high of $61.69.
SunTrust Banks (NYSE:STI) last announced its earnings results on Friday, July 21st. The financial services provider reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.05. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.29 billion. SunTrust Banks had a net margin of 20.51% and a return on equity of 8.48%. SunTrust Banks’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. Analysts forecast that SunTrust Banks will post $4.05 earnings per share for the current year.
SunTrust Banks declared that its board has approved a stock buyback plan on Wednesday, June 28th that allows the company to repurchase $1.32 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, August 29th. This is a positive change from SunTrust Banks’s previous quarterly dividend of $0.26. SunTrust Banks’s dividend payout ratio (DPR) is 42.67%.
In other news, insider Susan S. Johnson sold 808 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $57.34, for a total value of $46,330.72. Following the completion of the transaction, the insider now owns 3,515 shares of the company’s stock, valued at $201,550.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.55% of the company’s stock.
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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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