December 11, 2017

How Have SunTrust Banks, Inc. (STI) EPS Outlook Changed?

12 October 2017, 07:23 | Hattie Nash

They now have a $63.00 price objective on the financial services provider's stock, up from their previous price objective of $60.00.

Other equities research analysts have also recently issued reports about the company. SunTrust Banks now has an average rating of "Hold" and an average target price of $62.13. Highbridge Cap Mgmt Ltd holds 0.1% of its portfolio in SunTrust Banks, Inc. Keefe, Bruyette & Woods reissued a hold rating and issued a $62.00 price target on shares of SunTrust Banks in a report on Tuesday, October 3rd. Piper Jaffray maintained the shares of STI in report on Monday, October 2 with "Buy" rating. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. The mean target price as estimated by the analysts for the company has been recorded at $62.68. (NYSE:STI). Independence Tru has invested 0.31% in SunTrust Banks, Inc. SunTrust Banks's revenue for the quarter was up 2.0% compared to the same quarter a year ago. The company has market cap of $35.28 billion. With 148,600 avg volume, 18 days are for Chromadex Corporation (NASDAQ:CDXC)'s short sellers to cover CDXC's short positions. They are projecting Next Quarter growth of 17.8%. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.29 billion. Considering more the value stands at 93.58% and 95.37% for 14 and 20 days, in that order. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. FBR & Co also issued estimates for SunTrust Banks' Q4 2017 earnings at $1.07 EPS, FY2017 earnings at $4.10 EPS, Q1 2018 earnings at $1.02 EPS, Q2 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.15 EPS, Q4 2018 earnings at $1.14 EPS, FY2018 earnings at $4.45 EPS and FY2019 earnings at $5.00 EPS. FBR & Co analyst S. Moss now anticipates that the financial services provider will post earnings of $1.08 per share for the quarter, down from their prior forecast of $1.09. Oregon Public Employees Retirement Fund invested 0.16% of its portfolio in SunTrust Banks, Inc. Firm's net income measured an average growth rate of -9.20%. Guggenheim initiated the shares of STI in report on Thursday, October 8 with "Neutral" rating. Citigroup maintained it with "Neutral" rating and $63 target in Monday, October 9 report. This buyback authorization allows the financial services provider to repurchase up to 4.9% of its shares through open market purchases. The Systematic Financial Management Lp holds 50,036 shares with $2.84M value, up from 29,187 last quarter.

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Currently, 564.59 million total shares are owned by the public and among those 558.87 million shares have been available to trade. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Cambridge Investment Research Advsr invested in 0.02% or 18,578 shares. Norges Bank acquired a new position in shares of SunTrust Banks during the fourth quarter valued at about $196,632,000.

Dividends is a reward scheme, that a company presents to its shareholders. The rating was downgraded by Bernstein to "Market Perform" on Tuesday, August 16. Finally, Credit Suisse AG raised its position in shares of SunTrust Banks by 151.1% in the third quarter. The shares were sold at an average price of $57.34, for a total value of $46,330.72. In terms of the stock price in relation to its moving averages, company shares are 3.49% away from the 20-day moving average and 5.80% off of the 50-day average. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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The stock decreased 0.35% or $0.38 during the last trading session, reaching $107.54. Institutional investors and hedge funds own 82.17% of the company's stock. Whalerock Point Partners Limited Liability Company stated it has 0.11% of its portfolio in SunTrust Banks, Inc. Toronto Dominion Bank raised its holdings in SunTrust Banks by 23.6% in the second quarter. Comerica National Bank holds 0.06% or 140,608 shares. Woodmont Investment Counsel Ltd Liability Com invested 0.1% of its portfolio in SunTrust Banks, Inc. The stock volatility for the week was 1.55% while for the month was 1.50%. Cadence Capital Management LLC now owns 20,093 shares of the financial services provider's stock valued at $1,111,000 after purchasing an additional 1,286 shares during the period. Finally, Cookson Peirce & Co. Tiemann Invest Ltd Liability Corp has invested 0.18% in SunTrust Banks, Inc. Bluecrest Cap Mngmt Limited owns 102,674 shares. It seems that SunTrust Banks, Inc.

Tracking other technical indicators, the 14-day RSI is presently standing at 71.53, the 7-day sits at 76.94, and the 3-day is resting at 67.79 for Suntrust Banks (STI). The Company's business divisions include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other.

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