SunTrust Banks, Inc. (NYSE:STI) is expected to pay $0.26 on Dec 15, 2016. The indicated annual dividend is $1.04. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on SunTrust Banks, Inc.’s current price of $52.46, the dividend is 0.50%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 10, 2016. The stock increased 0.19% or $0.1 on November 25, hitting $52.46. About 1.43 million shares traded hands. SunTrust Banks, Inc. (NYSE:STI) has risen 24.93% since April 25, 2016 and is uptrending. It has outperformed by 18.92% the S&P500.
SunTrust Banks, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $25.80 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 14.56 P/E ratio. The Company’s other subsidiaries provide asset and wealth management, securities brokerage, and capital market services.
Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.07, from 0.94 in 2016Q1. The ratio dropped, 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.
Moreover, First Personal Finance Svcs has 0.02% invested in SunTrust Banks, Inc. (NYSE:STI) for 1,251 shares. Savings Bank Of America Corporation De owns 4.80M shares or 0.05% of their US portfolio. Deutsche Bankshares Ag holds 1.20M shares or 0.03% of its portfolio. Caisse De Depot Et Placement Du Quebec accumulated 131,671 shares or 0.01% of the stock. Sumitomo Mitsui Tru Hldgs holds 0.1% or 1.42 million shares in its portfolio. Norinchukin National Bank The reported 10,991 shares or 0.01% of all its holdings. Lakeview Capital Ptnrs Ltd Com has 21,651 shares for 0.53% of their US portfolio. Legal And General Grp Pcl holds 0.1% or 2.35 million shares in its portfolio. Forest Hill Limited Liability Company last reported 3.64% of its portfolio in the stock. Eagle Advsrs Limited Liability Corporation has 274,357 shares for 0.33% of their US portfolio. Barclays Public Limited Liability Corp accumulated 0.01% or 106,589 shares. One National Association has 75,808 shares for 0.26% of their US portfolio. Cullinan holds 0.69% or 206,200 shares in its portfolio. Jpmorgan Chase And accumulated 0.14% or 13.98M shares. Concert Wealth Mgmt holds 0.06% or 10,929 shares in its portfolio.
Insider Transactions: Since July 26, 2016, the stock had 0 insider purchases, and 6 insider sales for $999,654 net activity. Shares for $47,403 were sold by Johnson Susan S on Tuesday, July 26. The insider Panther Thomas E sold 959 shares worth $42,916. Cheriyan Anil T had sold 8,000 shares worth $417,160 on Tuesday, November 22. The insider Gillani Aleem sold $393,960.
SunTrust Banks, Inc. (NYSE:STI) Ratings Coverage
Out of 23 analysts covering Suntrust Banks Inc. (NYSE:STI), 9 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 39% are positive. Suntrust Banks Inc. has been the topic of 45 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup with “Neutral” on Monday, April 25. The stock has “Market Perform” rating given by BMO Capital Markets on Monday, October 19. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Underweight” rating given on Monday, November 14 by Morgan Stanley. The stock has “Neutral” rating given by Citigroup on Wednesday, October 21. Wedbush initiated the shares of STI in a report on Friday, October 7 with “Neutral” rating. As per Tuesday, November 15, the company rating was downgraded by Standpoint Research. The firm has “Underperform” rating given on Tuesday, August 25 by Robert W. Baird. Barclays Capital maintained SunTrust Banks, Inc. (NYSE:STI) on Monday, January 25 with “Equal Weight” rating. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Overweight” rating by Piper Jaffray on Tuesday, November 24. The rating was maintained by Macquarie Research with “Neutral” on Tuesday, October 20.
More recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Prnewswire.com which released: “SunTrust Awarded $80 million in Tax Credit Authority to Finance Community …” on November 18, 2016. Also Prnewswire.com published the news titled: “SunTrust Bank Expands Partnership with Operation HOPE” on November 01, 2016. Nasdaq.com‘s news article titled: “Agree To Buy SunTrust Banks At $35, Earn 5.7% Using Options” with publication date: November 21, 2016 was also an interesting one.
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.
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