SunTrust Banks (NYSE:STI) issued its earnings results on Friday. The financial services provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04, Bloomberg Earnings reports. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.32 billion. SunTrust Banks had a net margin of 20.88% and a return on equity of 8.83%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS.

Shares of SunTrust Banks (NYSE:STI) opened at $68.58 on Friday. SunTrust Banks has a 52-week low of $51.96 and a 52-week high of $69.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market cap of $32,646.34, a P/E ratio of 16.93, a P/E/G ratio of 1.36 and a beta of 1.29.

A number of equities analysts have commented on STI shares. Credit Suisse Group upgraded shares of SunTrust Banks from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $56.00 to $60.00 in a research note on Monday, October 9th. Barclays upped their target price on shares of SunTrust Banks from $68.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Morgan Stanley upgraded shares of SunTrust Banks from an “equal weight” rating to an “overweight” rating and set a $68.00 price objective on the stock in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Tuesday, December 26th. Finally, Raymond James Financial downgraded shares of SunTrust Banks from an “outperform” rating to a “market perform” rating 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. The stock currently has an average rating of “Hold” and an average target price of $68.40.

In related news, Director Kyle P. Legg sold 3,300 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $21.82, for a total transaction of $72,006.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the stock in a transaction that occurred on 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. Corporate insiders own 0.55% of the company’s stock.

A number of large investors have recently bought and sold shares of STI. Advisory Services Network LLC lifted its position in SunTrust Banks by 0.9% during the second quarter. Advisory Services Network LLC now owns 2,140 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 20 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in SunTrust Banks during the second quarter valued at approximately $136,000. Tiedemann Wealth Management LLC lifted its position in SunTrust Banks by 12.1% during the third quarter. Tiedemann Wealth Management LLC now owns 26,961 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 2,920 shares during the last quarter. Dupont Capital Management Corp lifted its position in SunTrust Banks by 55.2% during the third quarter. Dupont Capital Management Corp now owns 2,623 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 933 shares during the last quarter. Finally, Blue Granite Capital LLC purchased a new stake in SunTrust Banks during the third quarter valued at approximately $177,000. 80.71% of the stock is owned by institutional investors.

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SunTrust Banks Company Profile

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.

Earnings History for SunTrust Banks (NYSE:STI)

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