A number of firms have modified their ratings and price targets on shares of SunTrust Banks (NYSE: STI) recently:
Shares of SunTrust Banks Inc. (NYSE:STI) traded up 0.19% on Friday, reaching $52.46. 1,428,086 shares of the company were exchanged. The firm’s 50 day moving average price is $47.46 and its 200 day moving average price is $43.85. The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 14.53 and a beta of 1.36. SunTrust Banks Inc. has a 52 week low of $31.07 and a 52 week high of $52.65.
SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, October 21st. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. SunTrust Banks had a net margin of 21.12% and a return on equity of 8.18%. The company earned $2.20 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the business posted $1.00 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities research analysts anticipate that SunTrust Banks Inc. will post $3.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.98%. SunTrust Banks’s payout ratio is 28.89%.