Media headlines about SunTrust Banks (NYSE:STI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SunTrust Banks earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 49.1332511311593 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Q4 2017 EPS Estimates for SunTrust Banks, Inc. Decreased by Jefferies Group (STI) (americanbankingnews.com)
- SunTrust Banks, Inc. (NYSE:STI) – Investor’s Roundup (PEG Analysis) – Nasdaq Journal (press release) (nasdaqjournal.com)
- The sentiment expressed by investors: SunTrust Banks, Inc. (STI), Cousins Properties Incorporated (CUZ) – Market Movers (financialqz.com)
- Investors Alert on Unusual Volume with SunTrust Banks, Inc. (STI) – Wall Street Morning (wallstreetmorning.com)
- SunTrust Banks’ (STI) “Buy” Rating Reiterated at Vining Sparks (americanbankingnews.com)
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered SunTrust Banks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $77.00 price target on shares of SunTrust Banks in a research note on Friday, December 29th. UBS Group reiterated a “neutral” rating and issued a $62.00 price target (up previously from $61.00) on shares of SunTrust Banks in a research note on Friday, October 6th. Citigroup lowered SunTrust Banks from an “outperform” rating to a “market perform” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $65.00 price target on shares of SunTrust Banks in a research note on Monday, October 23rd. Fourteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. SunTrust Banks presently has an average rating of “Hold” and an average price target of $67.88.
SunTrust Banks (NYSE:STI) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $1.06 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.06. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.30 billion. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. sell-side analysts forecast that SunTrust Banks will post 4.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.36%. SunTrust Banks’s payout ratio is 41.03%.
In related news, Director Kyle P. Legg sold 3,300 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $21.82, for a total value of $72,006.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.06, for a total transaction of $240,240.00. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.
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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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