Press coverage about SunTrust Banks (NYSE:STI) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SunTrust Banks earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.7733197591385 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

SunTrust Banks (STI) opened at 57.47 on Tuesday. The stock has a market cap of $27.68 billion, a PE ratio of 15.28 and a beta of 1.33. The company’s 50-day moving average is $55.92 and its 200 day moving average is $56.06. SunTrust Banks has a 52 week low of $42.36 and a 52 week high of $61.69.

SunTrust Banks (NYSE:STI) last released its 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. 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%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. On average, analysts expect that SunTrust Banks will post $4.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.78%. This is a positive change from SunTrust Banks’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, August 29th. SunTrust Banks’s dividend payout ratio is currently 42.67%.

SunTrust Banks announced that its board has initiated a stock buyback program on Wednesday, June 28th that permits the company to repurchase $1.32 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

STI has been the subject of a number of research analyst reports. BidaskClub upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price objective on shares of SunTrust Banks in a report on Thursday, July 27th. Piper Jaffray Companies restated a “buy” rating and set a $63.00 price objective on shares of SunTrust Banks in a report on Monday, August 28th. Zacks Investment Research upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Friday. Finally, Morgan Stanley upgraded shares of SunTrust Banks from an “underweight” rating to an “equal weight” rating and set a $63.00 price objective for the company in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. SunTrust Banks currently has an average rating of “Hold” and a consensus target price of $60.92.

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In related news, insider Susan S. Johnson sold 808 shares of the 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 sale, the insider now directly owns 3,515 shares of the company’s stock, valued at approximately $201,550.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.55% of the company’s stock.

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.

Insider Buying and Selling by Quarter for SunTrust Banks (NYSE:STI)

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