Suntrust Banks (NYSE:STI):
SunTrust Declares Quarterly Dividend.
The company is up by 0.55% since yesterday’s close of 57.79.
SunTrust Banks, Inc., launched on July 24, 1984, is a provider of financial services. The Business’s principal subsidiary is SunTrust Bank (the Bank). The Business’s business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other. The Company offers a line of financial services for consumers, businesses, corporations, institutions and not-for-profit entities, both through its branches (located primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia), and through other national delivery channels. The Bank provides clients with a selection of full-, self- and assisted-service channels, including branch, call center, Teller Connect machines, automated teller machines (ATMs), Internet, mobile and tablet. The Business’s other subsidiaries provide capital markets, mortgage banking, securities brokerage, online consumer lending, and asset and wealth management services. As of December 31, 2016, the Company had total deposits of $160 billion. As of December 31, 2016, the Business’s total loans held for investment amounted to $143.3 billion..
The company’s P/E ratio is 14.88 and the market cap is 27.66B. As of the latest earnings report the EPS was $3.90 with 476.03M shares currently outstanding.
Investors are feeling more bearish on shares of Suntrust Banks recently if you pay attention to the rise in short interest. The stock experienced a rise in short interest of 0.01% as of the latest report on October 13, 2017. Short interest grew from 9,447,456 to 9,448,804 over that period. Days to cover decreased from 3.0 to 3.0 and the percentage of shorted shares was 0.02% on October 13.
A few brokerage analysts have weighed in on the stock. Equity analyst Nomura raised the price target on October 26 changing the forecast from $63.00 to $64.00 and stated a “Neutral” rating.
Barclays PLC raised the price target of the stock on October 23 changing the price objective from $65.00 to $68.00 and issued a “Equal Weight” rating.
Morgan Stanley raised the price target on October 23 boosting the projection from $63.00 to $68.00 with a “Equal Weight” recommendation.Advertisement