SunTrust Banks (STI) : Currently there are 20 street experts covering SunTrust Banks (STI) stock. The most bullish and bearish price target for the stock is $52 and $41 respectively for the short term. The average price target of all the analysts comes to $45.7. The estimated standard deviation from the target is $2.75.
SunTrust Banks (STI), A drop of 37,408 shares or 0.4% was seen in the short interest of Suntrust Banks. Even as the interest dropped from 8,592,129 shares on June 15,2016 to 8,554,721 shares on June 30,2016, the days to cover came in at 2. The updated interest stood at 1.7% of the stocks floats. The stock has seen an average daily volume of 4,463,591 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity Analysts at the Brokerage Firm, Susquehanna, downgrades their rating on the shares of SunTrust Banks (NYSE:STI). Susquehanna has a Neutral rating on the shares. 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 $43.89, the bulls momentum made the stock top out at $44.08 level for the day. The stock recorded a low of $43.45 and closed the trading day at $43.86, in the green by 2.62%. The total traded volume for the day was 4,680,569. The stock had closed at $42.74 in the previous days trading.
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.