SunTrust Banks (STI) Given Hold Rating at BMO Capital Markets

SunTrust Banks (NYSE:STI)‘s stock had its “hold” rating reiterated by investment analysts at BMO Capital Markets in a research note issued on Friday. They currently have a $77.00 price target on the financial services provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 15.20% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Credit Suisse Group reissued a “neutral” rating and set a $73.00 price target (up previously from $71.00) on shares of SunTrust Banks in a research report on Wednesday, March 14th. ValuEngine cut shares of SunTrust Banks from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research raised shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Friday, January 5th. Morgan Stanley boosted their price target on shares of SunTrust Banks from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Oppenheimer reissued a “hold” rating on shares of SunTrust Banks in a research report on Monday, January 22nd. Eighteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $69.67.

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Shares of STI stock opened at $66.84 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market cap of $30,631.52, a PE ratio of 16.54, a PEG ratio of 0.99 and a beta of 1.33. SunTrust Banks has a twelve month low of $51.96 and a twelve month high of $73.37.

SunTrust Banks (NYSE:STI) last announced its quarterly earnings results on Friday, April 20th. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.18. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.29 billion. SunTrust Banks had a net margin of 23.35% and a return on equity of 9.18%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. analysts forecast that SunTrust Banks will post 5.07 earnings per share for the current year.

In other SunTrust Banks news, insider Susan S. Johnson sold 3,600 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.04, for a total transaction of $255,744.00. Following the sale, the insider now directly owns 8,857 shares in the company, valued at $629,201.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jerome T. Lienhard sold 29,248 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $17.37, for a total transaction of $508,037.76. The disclosure for this sale can be found here. Insiders have sold 40,348 shares of company stock worth $1,289,757 over the last quarter. Insiders own 0.52% of the company’s stock.

A number of large investors have recently modified their holdings of STI. Neuberger Berman Group LLC increased its stake in SunTrust Banks by 179.3% during the third quarter. Neuberger Berman Group LLC now owns 153,114 shares of the financial services provider’s stock worth $9,152,000 after purchasing an additional 98,284 shares during the period. AXA increased its stake in SunTrust Banks by 1.6% during the third quarter. AXA now owns 99,801 shares of the financial services provider’s stock worth $5,966,000 after purchasing an additional 1,601 shares during the period. Abner Herrman & Brock LLC increased its stake in SunTrust Banks by 1.0% during the fourth quarter. Abner Herrman & Brock LLC now owns 166,804 shares of the financial services provider’s stock worth $10,774,000 after purchasing an additional 1,580 shares during the period. First National Bank of Mount Dora Trust Investment Services purchased a new stake in SunTrust Banks during the fourth quarter worth about $210,000. Finally, Copper Rock Capital Partners LLC increased its stake in SunTrust Banks by 48.4% during the fourth quarter. Copper Rock Capital Partners LLC now owns 135,293 shares of the financial services provider’s stock worth $8,854,000 after purchasing an additional 44,110 shares during the period. Institutional investors own 83.63% of the company’s stock.

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SunTrust Banks Company Profile

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.

Analyst Recommendations for SunTrust Banks (NYSE:STI)

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