In today’s session SunTrust Banks, Inc. (STI) registered an unusually high (1,780) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious STI increase. With 1,780 contracts traded and 3124 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: STI170421C00050000 closed last at: $1.98 or 78.4% up. About 321,054 shares traded hands. SunTrust Banks, Inc. (NYSE:STI) has risen 38.44% since April 11, 2016 and is uptrending. It has outperformed by 32.29% the S&P500.
SunTrust Banks, Inc. (NYSE:STI) Ratings Coverage
Out of 19 analysts covering Suntrust Banks Inc. (NYSE:STI), 9 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 47% are positive. $50 is the highest target while $40 is the lowest. The $44.65 average target is -9.71% below today’s ($49.45) stock price. Suntrust Banks Inc. has been the topic of 41 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, June 7 by Susquehanna. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Neutral” rating given on Thursday, October 8 by Guggenheim. BMO Capital Markets maintained it with “Market Perform” rating and $46 target price in Monday, October 19 report. The company was upgraded on Wednesday, September 9 by Credit Agricole. Robert W. Baird upgraded it to “Underperform” rating and $41.0 target price in Tuesday, August 25 report. Deutsche Bank maintained the shares of STI in a report on Thursday, September 17 with “Buy” rating. The firm has “Hold” rating given on Monday, October 19 by Jefferies. On Friday, January 8 the stock rating was upgraded by Bernstein to “Outperform”. The stock has “Hold” rating given by Evercore on Thursday, August 27. The company was maintained on Monday, April 25 by Citigroup.
According to Zacks Investment Research, “SunTrust Banks, Inc. is a commercial banking organization. The company provides a wide range of services to meet the financial needs of its growing customer base in Alabama, Florida, Georgia, Maryland, Tennessee, Virginia, and the District of Columbia. Its primary businesses include traditional deposit and credit services as well as trust and investment services. (Company Press Release)”
Insitutional Activity: The institutional sentiment increased to 0.94 in 2016 Q2. Its up 0.04, from 0.9 in 2016Q1. The ratio is positive, as 51 funds sold all SunTrust Banks, Inc. shares owned while 230 reduced positions. 74 funds bought stakes while 189 increased positions. They now own 402.06 million shares or 1.73% less from 409.14 million shares in 2016Q1.
Salzhauer Michael has 0.8% invested in the company for 24,220 shares. Yhb Advsrs accumulated 0.43% or 47,920 shares. Nelson Van Denburg & Campbell Wealth Mngmt Ltd Liability owns 520 shares or 0.01% of their US portfolio. Gemmer Asset Mgmt Ltd Company holds 0.01% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 241 shares. Moreover, Amica Pension Fund Board Of Trustees has 0.11% invested in SunTrust Banks, Inc. (NYSE:STI) for 20,333 shares. Cornercap Counsel has invested 0.12% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Fdx Advisors Inc owns 39,712 shares or 0.07% of their US portfolio. The New York-based Morgan Stanley has invested 0.01% in SunTrust Banks, Inc. (NYSE:STI). Aviva Pcl last reported 0.09% of its portfolio in the stock. Deprince Race And Zollo accumulated 0.58% or 700,741 shares. The New Jersey-based Honeywell Int has invested 0.4% in SunTrust Banks, Inc. (NYSE:STI). Gradient Investments Ltd Com accumulated 0% or 230 shares. Mitsubishi Ufj Tru And Bk Corp holds 0.09% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 1.02M shares. Westpac Bk has invested 0% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Spinnaker accumulated 0.45% or 79,822 shares.
Insider Transactions: Since July 26, 2016, the stock had 0 buys, and 4 selling transactions for $520,466 net activity. $393,960 worth of SunTrust Banks, Inc. (NYSE:STI) was sold by Gillani Aleem. Johnson Susan S sold 1,118 shares worth $47,403. 959 shares were sold by Panther Thomas E, worth $42,916.
SunTrust Banks, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $25.15 billion. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for clients and businesses, including deposit, credit, mortgage banking, and trust and investment services. It has a 13.73 P/E ratio. The Company’s other subsidiaries provide asset and wealth management, securities brokerage, and capital market services.
STI Company Profile
SunTrust Banks, Inc., incorporated on July 24, 1984, is a bank holding firm and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for clients and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Company’s other subsidiaries provide asset and wealth management, securities brokerage and capital market services. The Firm operates through three divisions: Consumer Banking and Private Wealth Management, Wholesale Banking and Mortgage Banking. It also operates a Corporate Other segment, which includes the management of the Company’s investment securities portfolio, long-term debt, end-user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and real estate assets. The Firm operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia.
More recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Prnewswire.com which released: “SunTrust Bank Expands Partnership with Operation HOPE” on November 01, 2016. Also Prnewswire.com published the news titled: “SunTrust Bank to Acquire Assets of Pillar Financial, LLC.” on October 20, 2016. Seekingalpha.com‘s news article titled: “SunTrust Has Some Pretty Alarming Issues Right Now” with publication date: November 09, 2016 was also an interesting one.
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