SunTrust Banks (NYSE:STI) : 20 investment research analysts covering SunTrust Banks (NYSE:STI) have an average price target of $45.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $52 and the lowest target is $41 for the short term. Analysts expect the variance to be within $2.73 of the average price.
Other Equity analysts have also commented on the company shares. Brokerage firm Susquehanna downgrades its rating on SunTrust Banks (NYSE:STI). The shares have been rated Neutral. Previously, the analysts had a Positive rating on the shares. The rating by the firm was issued on June 7, 2016.
SunTrust Banks (NYSE:STI): stock turned positive on Thursday. Though the stock opened at $42.29, the bulls momentum made the stock top out at $43.22 level for the day. The stock recorded a low of $42.29 and closed the trading day at $43.21, in the green by 3.65%. The total traded volume for the day was 2,960,074. The stock had closed at $41.69 in the previous days trading.
The company shares have dropped -4.84% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $45.84 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.16 and the 200 Day Moving Average price is recorded at $39.01. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Cheriyan Anil T, officer (Corp Ex Vice Pres & CIO) of Suntrust Banks Inc, had unloaded 10,000 shares at an average price of $42 in a transaction dated on May 2, 2016. The total value of the transaction was worth $420,000.
Suntrust Banks, Inc. is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Companys other subsidiaries provide asset and wealth management, securities brokerage, and capital market services. SunTrust operates the following business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It also operates a Corporate Other segment, which includes the management of the Companys investment securities portfolio, long-term debt, end-user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia.