SunTrust Banks, Inc. Common Sto (NYSE:STI):
SunTrust Reports Third Quarter 2016 Results.
The company is now down since yesterday’s close of $45.66.
The company declared a dividend for shareholders which 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 represents a yeild of $2.28 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Monday the 29th of August 2016.
Company chares are trading at $45.22 barely above $44.66, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $42.65. The 50 day moving average moved up $0.56 and the 200 day average went up $2.57 or +6.02%.
The company’s P/E ratio is 12.24 and market cap is 22.67B. In the latest earnings report the EPS was $3.69 and is projected to be $3.55 for the current year with 501,363,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.82 with next year’s EPS anticipated to be $3.65.
A few brokerage firms have released ratings on STI recently. On October 7, 2016 added the stock to its research portfolio with a rating of “Neutral” and a price target of $47.00. Wedbush began coverage of the stock by announcing an initial rating of “Neutral” and setting a price target of $47.00.
On August 16 the company was downgraded from “Outperform” to “Buy” with a current price target of $46.00 in an announcement from Bernstein. On July 15 the stock rating was downgraded to “” from “Neutral” in a statement from Baird.
On June 7 the company was rated “Neutral” in a report from Susquehanna which is down from the previous “Positive” rating. On April 25 Citigroup maintained a stock rating of “Neutral” but moved down the price target to $40.00 from $43.00.