Media stories about SunTrust Banks (NYSE:STI) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SunTrust Banks earned a news impact score of 0.06 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 84 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Investor Update: Company Share Focus for SunTrust Banks, Inc. (NYSE:STI) – Jonesboro Recorder (jonesbororecorder.com)
- SunTrust brings new financial wellness program to Tampa area (finance.yahoo.com)
- SunTrust Banks, Inc. (STI) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- MARKET SNAPSHOT: Dow Logs 24th Record Of 2017 As Banks Rise Ahead Of Earnings (ih.advfn.com)
- After Yesterday’s Decline of 1.99%, Suntrust Banks Offers Investors Better Value (mysmartrend.com)
Several research firms recently weighed in on STI. Keefe, Bruyette & Woods restated a “hold” rating and set a $58.00 price target on shares of SunTrust Banks in a research report on Friday, May 5th. BidaskClub upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Instinet reiterated a “neutral” rating and issued a $61.00 price objective on shares of SunTrust Banks in a report on Wednesday, July 12th. Wedbush upgraded shares of SunTrust Banks from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $60.00 to $63.00 in a report on Monday, May 1st. Finally, Zacks Investment Research downgraded shares of SunTrust Banks from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. SunTrust Banks currently has a consensus rating of “Hold” and a consensus target price of $57.39.
Shares of SunTrust Banks (NYSE:STI) opened at 56.62 on Tuesday. The company’s 50-day moving average is $55.13 and its 200-day moving average is $56.32. SunTrust Banks has a 12-month low of $41.07 and a 12-month high of $61.69. The stock has a market cap of $27.50 billion, a P/E ratio of 15.42 and a beta of 1.33.
SunTrust Banks (NYSE:STI) last announced its earnings results on Friday, April 21st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.07. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.21 billion. SunTrust Banks had a net margin of 20.32% and a return on equity of 8.14%. SunTrust Banks’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. On average, analysts expect that SunTrust Banks will post $3.96 earnings per share for the current fiscal year.
SunTrust Banks declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that authorizes the company to repurchase $1.32 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
About SunTrust Banks
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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