SunTrust Banks (STI) Upgraded at ValuEngine

SunTrust Banks (NYSE:STI) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Saturday, January 5th. Jefferies Financial Group downgraded shares of SunTrust Banks from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. B. Riley set a $79.00 price target on shares of SunTrust Banks and gave the stock a “buy” rating in a report on Monday, October 15th. BMO Capital Markets cut their price target on shares of SunTrust Banks from $74.00 to $70.00 and set a “market perform” rating for the company in a report on Monday, October 22nd. Finally, Credit Suisse Group cut their price target on shares of SunTrust Banks from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, December 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $73.38.

STI stock opened at $60.72 on Friday. The stock has a market capitalization of $27.28 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.93. SunTrust Banks has a 12 month low of $46.05 and a 12 month high of $75.08.

SunTrust Banks (NYSE:STI) last released its quarterly earnings data on Friday, January 18th. The financial services provider reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.10. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. SunTrust Banks had a net margin of 28.17% and a return on equity of 11.66%. SunTrust Banks’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, sell-side analysts expect that SunTrust Banks will post 5.83 earnings per share for the current year.

Several large investors have recently bought and sold shares of STI. Moody National Bank Trust Division boosted its position in shares of SunTrust Banks by 48.9% during the 4th quarter. Moody National Bank Trust Division now owns 1,072 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 352 shares during the period. Denali Advisors LLC purchased a new position in shares of SunTrust Banks during the 3rd quarter worth approximately $127,000. Oakworth Capital Inc. boosted its position in shares of SunTrust Banks by 117.0% during the 3rd quarter. Oakworth Capital Inc. now owns 2,300 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,240 shares during the period. Sapphire Star Partners LP purchased a new position in shares of SunTrust Banks during the 3rd quarter worth approximately $167,000. Finally, Patton Albertson Miller Group LLC purchased a new position in shares of SunTrust Banks during the 3rd quarter worth approximately $168,000. 82.58% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for SunTrust Banks (NYSE:STI)

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