SunTrust Banks, Inc. Common Sto (NYSE:STI):
SunTrust Bank to Acquire Assets of Pillar Financial, LLC..
The company is so far trading down from yesterday’s close of $45.66.
The company recently declared a dividend that was paid on Thursday September 15th, 2016. The dividend was $0.260 per share for the quarter or $1.04 on an annualized basis. This dividend amount represented a yeild of $2.28. The ex-dividend date was Monday the 29th of August 2016.
The stock is trading at $45.22 slightly over the 50 day moving average which is $44.66 and which is slightly above the 200 day moving average of $42.65. The 50 day moving average was up $0.56 and the 200 day average went up by +6.02%.
The most current P/E ratio is 12.24 and the market cap of the company is 22.67B. As of the last earnings report the EPS was $3.69 and is estimated to be $3.55 for the current year with 501,363,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.82 with next year’s EPS anticipated to be $3.65.
Brokerages have released ratings on the stock of late. Equity analyst initiated coverage giving it an initial rating of “Neutral” and a price target of $47.00. Wedbush added the stock to its research portfolio setting a rating of “Neutral” and price target of $47.00.
On August 16 the stock rating was downgraded to “Buy” from “Outperform” with a current price target of $46.00 in a statement from Bernstein. On July 15 the company was rated “” by Baird which is down from the previous “Neutral” rating.
On June 7, 2016 the stock rating was set at “Neutral” according to a Susquehanna report a cut from the previous “Positive” rating. April 25 investment analysts at Citigroup held the stock rating at “Neutral” and moved down the price target from $43.00 to $40.00.