SunTrust Banks (NYSE:STI) : Average target price received by SunTrust Banks (NYSE:STI) is $45.83 with an expected standard deviation of $2.73. The most aggressive target on the stock is $52, whereas the most downbeat target is $41. 20 financial analysts are currently covering the stock.
SunTrust Banks, Inc. has lost 4.93% in the last five trading days and dropped 6.27% in the last 4 weeks. SunTrust Banks, Inc. is up 12.79% in the last 3-month period. Year-to-Date the stock performance stands at -2.89%. Also, Equity Analysts at the Susquehanna downgrades the rating on SunTrust Banks (NYSE:STI). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Positive. The rating by the firm was issued on June 7, 2016.
SunTrust Banks (NYSE:STI) : Zacks Investment Research ranks SunTrust Banks (NYSE:STI) as 3, which is a Hold recommendation. 11 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 22 research analysts is 1.91, which indicates as a Buy.
SunTrust Banks (NYSE:STI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.41 and $39.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.08, notching a gain of 2.60% for the day. The total traded volume was 4,592,556 . The stock had closed at $40.04 on the previous day.
In an insider trading activity,The officer (Corp Ex Vice Pres & CIO) of Suntrust Banks Inc, Cheriyan Anil T sold 10,000 shares at $42 on May 2, 2016. The Insider selling transaction had a total value worth of $420,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.