SunTrust Banks Inc. (NYSE:STI) was downgraded by research analysts at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

STI has been the subject of several other research reports. Zacks Investment Research raised SunTrust Banks from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday, September 21st. Credit Agricole SA upped their price target on SunTrust Banks from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Morgan Stanley cut SunTrust Banks from an “equal weight” rating to an “underweight” rating and set a $53.00 price target for the company. in a report on Monday. They noted that the move was a valuation call. FBR & Co reaffirmed an “outperform” rating and issued a $49.00 price target on shares of SunTrust Banks in a report on Tuesday, October 11th. Finally, Robert W. Baird raised SunTrust Banks from an “underperform” rating to a “neutral” rating and set a $41.00 price target for the company in a report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $45.87.

Analyst Recommendations for SunTrust Banks (NYSE:STI)

SunTrust Banks (NYSE:STI) opened at 50.79 on Tuesday. The firm’s 50-day moving average price is $46.10 and its 200-day moving average price is $43.37. SunTrust Banks has a 12 month low of $31.07 and a 12 month high of $52.65. The firm has a market cap of $25.19 billion, a price-to-earnings ratio of 14.07 and a beta of 1.36.

SunTrust Banks (NYSE:STI) last posted its quarterly earnings results on Friday, October 21st. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm earned $2.20 billion during the quarter, compared to analysts’ expectations of $2.15 billion. SunTrust Banks had a return on equity of 8.18% and a net margin of 21.12%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 EPS. Equities research analysts predict that SunTrust Banks will post $3.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be issued a $0.26 dividend. The ex-dividend date is Monday, November 28th. This represents a $1.04 annualized dividend and a yield of 2.05%. SunTrust Banks’s dividend payout ratio (DPR) is presently 28.89%.

In other news, SVP Thomas E. Panther sold 959 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $44.75, for a total transaction of $42,915.25. Following the completion of the transaction, the senior vice president now directly owns 20,322 shares of the company’s stock, valued at $909,409.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan S. Johnson sold 794 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $45.58, for a total transaction of $36,190.52. Following the transaction, the insider now directly owns 1,947 shares of the company’s stock, valued at $88,744.26. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in SunTrust Banks by 13.0% in the second quarter. Victory Capital Management Inc. now owns 4,105,521 shares of the financial services provider’s stock valued at $168,654,000 after buying an additional 471,201 shares during the last quarter. Roosevelt Investment Group Inc. boosted its position in SunTrust Banks by 43.0% in the second quarter. Roosevelt Investment Group Inc. now owns 594,445 shares of the financial services provider’s stock valued at $24,420,000 after buying an additional 178,795 shares during the last quarter. Panagora Asset Management Inc. boosted its position in SunTrust Banks by 0.5% in the first quarter. Panagora Asset Management Inc. now owns 2,371,568 shares of the financial services provider’s stock valued at $85,566,000 after buying an additional 11,760 shares during the last quarter. Standard Life Investments LTD boosted its position in SunTrust Banks by 0.6% in the second quarter. Standard Life Investments LTD now owns 2,153,447 shares of the financial services provider’s stock valued at $88,496,000 after buying an additional 11,808 shares during the last quarter. Finally, Endeavour Capital Advisors Inc. boosted its position in SunTrust Banks by 69.1% in the first quarter. Endeavour Capital Advisors Inc. now owns 912,310 shares of the financial services provider’s stock valued at $32,916,000 after buying an additional 372,871 shares during the last quarter. 83.08% of the stock is owned by hedge funds and other institutional investors.

About SunTrust Banks

SunTrust Banks, Inc is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers 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.

5 Day Chart for NYSE:STI

Receive News & Stock Ratings for SunTrust Banks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunTrust Banks Inc. and related stocks with our FREE daily email newsletter.