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 paid a dividend of $0.56 per share on Monday, November 18th. This represents a $2.24 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, November 7th. View SunTrust Banks' Dividend History.

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

SunTrust Banks, Inc. (NYSE:STI) released its earnings results on Thursday, October, 17th. The financial services provider reported $1.40 EPS for the quarter, meeting the consensus estimate of $1.40. The financial services provider had revenue of $2.35 billion for 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 firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $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.

11 Wall Street analysts have issued 1 year target prices for SunTrust Banks' shares. Their forecasts range from $64.72 to $81.00. On average, they anticipate SunTrust Banks' share price to reach $70.81 in the next year. This suggests a possible upside of 1.0% from the stock's current price. View Analyst Price Targets for SunTrust Banks.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunTrust Banks in the last year. There are currently 8 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SunTrust Banks.

News articles about STI stock have trended somewhat negative this week, according to InfoTrie. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. 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 news impact score of -1.0 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company'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), Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC), TCF Financial (TCF) and Cullen/Frost Bankers (CFR).

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).

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]