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. Investors 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 is Thursday, November 7th. View SunTrust Banks' Dividend History.

SunTrust Banks announced that its board has approved a stock repurchase plan on Thursday, June 28th 2018, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

SunTrust Banks, Inc. (NYSE:STI) announced its quarterly earnings data on Thursday, October, 17th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, hitting the Zacks' 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 return on equity of 11.40% and a net margin of 22.31%. SunTrust Banks's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.56 EPS. View SunTrust Banks' Earnings History.

13 analysts 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' stock price to reach $69.13 in the next year. This suggests that the stock has a possible downside of 1.4%. View Analyst Price Targets for SunTrust Banks.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunTrust Banks in the last year. There are currently 10 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SunTrust Banks.

News coverage about STI stock has been trending positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SunTrust Banks earned a news sentiment score of 2.9 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. 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), Commerce Bancshares (CBSH), Signature Bank (SBNY), 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]