News headlines about SunTrust Banks (NYSE:STI) have trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog 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 media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 48.244757541924 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Is Stock’s Performance Impressive? – SunTrust Banks Inc (NYSE: STI) – Alpha Beta Stock (alphabetastock.com)
- SunTrust appoints new CFO in C-suite shake-up – Charlotte Business Journal (bizjournals.com)
- SunTrust Announces Key Leadership Appointments – PR Newswire – PR Newswire (press release) (prnewswire.com)
- Invest Atlanta gets $60M boost to fund low-income neighborhoods (finance.yahoo.com)
- SunTrust appoints first female CFO in C-suite shake-up (finance.yahoo.com)
A number of research firms recently weighed in on STI. Morgan Stanley raised their price target on SunTrust Banks from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Oppenheimer reaffirmed a “hold” rating on shares of SunTrust Banks in a report on Monday, January 22nd. B. Riley reaffirmed a “hold” rating and set a $70.00 price target on shares of SunTrust Banks in a report on Monday, January 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $79.00 price target on shares of SunTrust Banks in a report on Sunday, January 21st. Finally, Vining Sparks reaffirmed a “buy” rating and set a $85.00 price target on shares of SunTrust Banks in a report on Monday, January 8th. Fifteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. SunTrust Banks has a consensus rating of “Hold” and an average target price of $69.02.
SunTrust Banks (NYSE:STI) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. SunTrust Banks had a return on equity of 12.59% and a net margin of 32.73%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the company earned $0.90 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. equities analysts forecast that SunTrust Banks will post 5.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.40 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.60 annualized dividend and a dividend yield of 2.27%. SunTrust Banks’s dividend payout ratio is currently 35.71%.
In other news, EVP Jerome T. Lienhard sold 29,248 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $17.37, for a total value of $508,037.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $60.06, for a total value of $240,240.00. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.
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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