Traders sold shares of SunTrust Banks, Inc. (NYSE:STI) on strength during trading on Thursday. $252.84 million flowed into the stock on the tick-up and $277.25 million flowed out of the stock on the tick-down, for a money net flow of $24.41 million out of the stock. Of all companies tracked, SunTrust Banks had the 0th highest net out-flow for the day. SunTrust Banks traded up $5.98 for the day and closed at $64.72
Several equities analysts have weighed in on the company. ValuEngine raised SunTrust Banks from a “sell” rating to a “hold” rating in a research report on Friday. Sandler O’Neill downgraded SunTrust Banks from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a research report on Friday. Sanford C. Bernstein downgraded SunTrust Banks from an “outperform” rating to a “market perform” rating and set a $64.72 target price for the company. in a research report on Friday. Keefe, Bruyette & Woods downgraded SunTrust Banks from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Macquarie raised SunTrust Banks from an “underperform” rating to a “neutral” rating and set a $64.72 target price for the company in a research report on Friday. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $71.27.
The stock has a market capitalization of $29.08 billion, a P/E ratio of 11.29, a PEG ratio of 1.32 and a beta of 1.51. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.95 and a quick ratio of 0.94.
SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, January 18th. The financial services provider reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.10. SunTrust Banks had a return on equity of 12.40% and a net margin of 26.61%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts anticipate that SunTrust Banks, Inc. will post 5.86 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Capital Investment Advisory Services LLC acquired a new position in shares of SunTrust Banks during the fourth quarter worth about $30,000. Financial Gravity Companies Inc. purchased a new stake in SunTrust Banks during the fourth quarter worth approximately $37,000. Athena Capital Advisors LLC purchased a new stake in SunTrust Banks during the fourth quarter worth approximately $35,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in SunTrust Banks by 864.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 781 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 700 shares during the last quarter. Finally, Doyle Wealth Management purchased a new stake in SunTrust Banks during the fourth quarter worth approximately $51,000. 82.53% of the stock is owned by institutional investors and hedge funds.
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SunTrust Banks Company Profile (NYSE:STI)
SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.
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