SunTrust Banks Company Profile (NYSE:STI)

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

SunTrust Banks announced a quarterly dividend on Tuesday, August 8th. Investors of record on Thursday, August 31st will be given a dividend of $0.40 per share on Friday, September 15th. This represents a $1.60 annualized dividend and a yield of 2.80%. The ex-dividend date is Tuesday, August 29th. This is a positive change from SunTrust Banks's previous quarterly dividend of $0.26. View SunTrust Banks' Dividend History.

SunTrust Banks announced that its board has approved a stock repurchase program on Thursday, June 29th 2017, which permits the company to buyback $1,320,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

SunTrust Banks, Inc. (NYSE:STI) issued its quarterly earnings data on Friday, July, 21st. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.98 by $0.05. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.29 billion. SunTrust Banks had a net margin of 20.51% and a return on equity of 8.48%. SunTrust Banks's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 EPS. View SunTrust Banks' Earnings History.

SunTrust Banks is scheduled to release their next quarterly earnings announcement on Friday, October, 20th 2017. View Earnings Estimates for SunTrust Banks.

22 brokerages have issued twelve-month target prices for SunTrust Banks' shares. Their predictions range from $50.00 to $70.00. On average, they expect SunTrust Banks' share price to reach $60.91 in the next year. View Analyst Ratings for SunTrust Banks.

Here are some recent quotes from research analysts about SunTrust Banks stock:

• 1. According to Zacks Investment Research, "SunTrust’s shares have underperformed the industry in a year’s time. Yet, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Easing margin pressure, rise in loan demand, initiatives to enhance revenue growth and improve efficiency as well as expected rise in lending activates (owing to the potential lesser regulations) should support the company’s profitability. Given a solid capital position, the company is expected to continue enhancing shareholder value through efficient capital deployment activities. However, its significant exposure to commercial and residential loan portfolios remains a major near-term concern. Also, expectations of weaker mortgage business makes us apprehensive." (9/22/2017)
• 2. Bank of America Corporation analysts commented, "1Q17 for STI was kind of a mixed bag, in our view. They reported a strong headline beat of $0.91 in EPS vs. consensus of $0.84. However, the beat came mainly from lower taxes. Pretax earnings expectations were $626M, and pretax earnings came in at $629M. The expected tax rate was 30.6%, and the actual tax rate was 25.2%. There was $19M in expenses related to efficiency improvement initiatives, so one could make the argument that there was a $0.03 beat. Thus, the quarter itself was essentially in line." (4/24/2017)

Some companies that are related to SunTrust Banks include Sumitomo Mitsui Financial Group (SMFG), Bank Of Montreal (BMO), Mizuho Financial Group (MFG), Barclays PLC (BCS), Lloyds Banking Group PLC (LLOY), Royal Bank Scotland PLC (The) (RBS), Credit Suisse Group (CS), Canadian Imperial Bank of Commerce (CM), BB&T Corporation (BBT), Deutsche Bank AG (DB), Banco Santander Brasil SA (BSBR), Barclays PLC (BARC), Royal Bank of Scotland Group plc (RBS), ICICI Bank Limited (IBN), Standard Chartered PLC (STAN), M&T Bank Corporation (MTB), Shinhan Financial Group Co Ltd (SHG) and KB Financial Group (KB).

SunTrust Banks' management team includes the folowing people:

• William H. Rogers Jr., Chairman of the Board, Chief Executive Officer
• Aleem Gillani, Chief Financial Officer, Corporate Executive Vice President
• Mark A. Chancy, Vice Chairman - Consumer Segment Executive
• Margaret L. Callihan, Chief Human Resource Officer, Corporate Executive Vice President
• Anil T. Cheriyan, Corporate Executive Vice President, Chief Information Officer
• Jerome T. Lienhard II, Corporate Executive Vice President and Chief Risk Officer
• Raymond D. Fortin, Corporate Executive Vice President, General Counsel, Corporate Secretary
• Jorge Arrieta, Corporate Executive Vice President, General Auditor
• Hugh S. Cummins III, Executive Vice President and Wholesale Segment Executive
• Thomas E. Freeman, Corporate Executive Vice President and Efficiency & Strategic Partnerships Executive

SunTrust Banks' stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.82%), FMR LLC (6.13%), Capital World Investors (6.13%), State Street Corp (5.16%), Boston Partners (1.32%) and Franklin Resources Inc. (1.32%). Company insiders that own SunTrust Banks stock include Aleem Gillani, Anil T Cheriyan, Frank P Scruggs Jr, Jerome T Lienhard, Mark A Chancy, Paul R Garcia, Raymond D Fortin, Susan S Johnson, Thomas E Freeman and Thomas E Panther. View Institutional Ownership Trends for SunTrust Banks.

SunTrust Banks' stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., AJO LP, Westpac Banking Corp, Ontario Teachers Pension Plan Board, State Street Corp, SG Americas Securities LLC, CIBC World Markets Inc. and Bank of Montreal Can. Company insiders that have sold SunTrust Banks stock in the last year include Aleem Gillani, Anil T Cheriyan, Susan S Johnson, Thomas E Freeman and Thomas E Panther. View Insider Buying and Selling for SunTrust Banks.

SunTrust Banks' stock was purchased by a variety of institutional investors in the last quarter, including Capital World Investors, Janus Henderson Group PLC, Lazard Asset Management LLC, TIAA CREF Investment Management LLC, FMR LLC, Parametric Portfolio Associates LLC, American Century Companies Inc. and BT Investment Management Ltd. Company insiders that have bought SunTrust Banks stock in the last two years include Aleem Gillani, Frank P Scruggs Jr and Paul R Garcia. View Insider Buying and Selling for SunTrust Banks.

Shares of SunTrust Banks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of SunTrust Banks stock can currently be purchased for approximately $57.22.