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 declared a quarterly dividend on Monday, October 28th. Stockholders of record on Friday, November 8th will be given a dividend of $0.56 per share on Monday, November 18th. This represents a $2.24 annualized dividend 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 declared that its board has initiated a stock buyback program on Thursday, June 28th 2018, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

SunTrust Banks, Inc. (NYSE:STI) issued its quarterly earnings results on Thursday, October, 17th. The financial services provider reported $1.40 earnings per share 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 the consensus estimate 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 was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $1.56 earnings per share. 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.

6 Wall Street analysts have issued 1 year target prices for SunTrust Banks' stock. Their forecasts range from $67.00 to $81.00. On average, they anticipate SunTrust Banks' share price to reach $73.75 in the next year. This suggests a possible upside of 5.2% from the stock's current price. View Analyst Price Targets for SunTrust Banks.

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

News stories about STI stock have trended very positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. SunTrust Banks earned a coverage optimism score of 3.1 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. 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), East West Bancorp (EWBC), TCF Financial (TCF) and Western Alliance Bancorporation (WAL).

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), Endologix (ELGX), Micron Technology (MU), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA) and Home Depot (HD).

SunTrust Banks' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Coastal Investment Advisors Inc. (0.00%), ERTS Wealth Advisors LLC (0.00%) and ERTS Wealth Advisors LLC (0.00%). Company insiders that own SunTrust Banks stock include Agnes Bundy Scanlan, Ellen Koebler, Frank P Scruggs Jr, Hugh S Cummins III, Jerome T Lienhard, Jorge Arrieta, Laura Allison Dukes, Mark A Chancy, Robert Ryan Richards and Steven C Voorhees. View Institutional Ownership Trends for SunTrust Banks.

STI stock was sold by a variety of institutional investors in the last quarter, including Coastal Investment Advisors Inc.. Company insiders that have sold SunTrust Banks company stock in the last year include Ellen Koebler, Frank P Scruggs Jr, Hugh S Cummins III, Jorge Arrieta, Laura Allison Dukes, Mark A Chancy and Robert Ryan Richards. View Insider Buying and Selling for SunTrust Banks.

STI stock was purchased by a variety of institutional investors in the last quarter, including ERTS Wealth Advisors LLC and ERTS Wealth Advisors LLC. Company insiders that have bought SunTrust Banks stock in the last two years include Frank P Scruggs Jr and Steven C Voorhees. View Insider Buying and Selling for SunTrust Banks.

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]