NYSE:STI - SunTrust Banks Stock Price, Forecast & News

SunTrust Banks trades on the New York Stock Exchange (NYSE) under the ticker symbol "STI."

SunTrust Banks announced a quarterly dividend on Monday, October 28th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.56 per share on Monday, November 18th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, November 7th. View SunTrust Banks' Dividend History.

SunTrust Banks announced that its Board of Directors has authorized a stock repurchase program on Thursday, June 28th 2018, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

SunTrust Banks, Inc. (NYSE:STI) posted its earnings results on Thursday, October, 17th. The financial services provider reported $1.40 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $1.40. The financial services provider earned $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. SunTrust Banks had a net margin of 22.31% and a return on equity of 11.40%. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 EPS. View SunTrust Banks' Earnings History.

SunTrust Banks is scheduled to release their next quarterly earnings announcement on Thursday, April 16th 2020. View Earnings Estimates for SunTrust Banks.

12 brokerages have issued 12 month price targets for SunTrust Banks' shares. Their forecasts range from $61.90 to $81.00. On average, they anticipate SunTrust Banks' share price to reach $69.82 in the next twelve months. This suggests that the stock has a possible downside of 0.4%. View Analyst Price Targets for SunTrust Banks.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunTrust Banks in the last year. There are currently 9 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SunTrust Banks.

News headlines about STI stock have been trending somewhat positive recently, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. SunTrust Banks earned a news impact score of 1.6 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for SunTrust Banks.

Some companies that are related to SunTrust Banks include PNC Financial Services Group (PNC), Truist Financial (TFC), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), TCF Financial (TCF), East West Bancorp (EWBC) and BOK Financial (BOKF).

Based on aggregate information from My MarketBeat watchlists, some companies that other SunTrust Banks investors own include CA (CA), Bank of America (BAC), BlackRock (BLK), Walt Disney (DIS), Cisco Systems (CSCO), Endologix (ELGX), Micron Technology (MU), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA) and Wells Fargo & Co (WFC).

Shares of STI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of STI stock can currently be purchased for approximately $70.13.

SunTrust Banks has a market capitalization of $31.14 billion and generates $10.43 billion in revenue each year. The financial services provider earns $2.78 billion in net income (profit) each year or $5.70 on an earnings per share basis. SunTrust Banks employs 22,899 workers across the globe.View Additional Information About SunTrust Banks.

The official website for SunTrust Banks is http://www.suntrust.com/.

SunTrust Banks' mailing address is 303 PEACHTREE ST NE, ATLANTA GA, 30308. The financial services provider can be reached via phone at 800-786-8787 or via email at [email protected]