SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions. This segment also offers residential mortgage products in the secondary market. The Wholesale segment provides capital markets solutions, including advisory, capital raising, and financial risk management, as well as lease financing solutions; cash management services and auto dealer financing solutions; and construction, mini-perm, and permanent real estate financing, as well as tailored financing and equity investment solutions. This segment also offers treasury and payment solutions, such as operating various electronic and paper payment types, which comprise card, wire transfer, automated clearing house, check, and cash; and provides services clients to manage their accounts online. The company offers its products and services through a network of traditional and in-store branches, automated teller machines, Internet, mobile, and telephone banking channels. As of December 31, 2017, it operated 1,268 full-service banking offices located in Florida, Georgia, Virginia, North Carolina, Tennessee, Maryland, South Carolina, and the District of Columbia. SunTrust Banks, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:STI
CUSIP86791410
Phone800-786-8787
Debt
Debt-to-Equity Ratio0.48
Current Ratio0.93
Quick Ratio0.91
Price-To-Earnings
Trailing P/E Ratio17.06
Forward P/E Ratio12.98
P/E Growth0.98
Sales & Book Value
Annual Sales$9.74 billion
Price / Sales3.29
Cash Flow$6.0394 per share
Price / Cash11.41
Book Value$48.16 per share
Price / Book1.43
Profitability
EPS (Most Recent Fiscal Year)$4.04
Net Income$2.27 billion
Net Margins24.92%
Return on Equity10.05%
Return on Assets1.09%
Miscellaneous
Employees23,785
Outstanding Shares464,830,000
Market Cap$31,440.90
SunTrust Banks (NYSE:STI) Frequently Asked Questions
What is SunTrust Banks' stock symbol?
SunTrust Banks trades on the New York Stock Exchange (NYSE) under the ticker symbol "STI."
How often does SunTrust Banks pay dividends? What is the dividend yield for SunTrust Banks?
SunTrust Banks declared a quarterly dividend on Tuesday, April 24th. Stockholders of record on Thursday, May 31st will be paid a dividend of $0.40 per share on Friday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Wednesday, May 30th. View SunTrust Banks' Dividend History.
How will SunTrust Banks' stock buyback program work?
SunTrust Banks announced that its Board of Directors has authorized a share 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.
How were SunTrust Banks' earnings last quarter?
SunTrust Banks, Inc. (NYSE:STI) announced its quarterly earnings results on Friday, April, 20th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.11 by $0.18. The financial services provider had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.29 billion. SunTrust Banks had a return on equity of 10.05% and a net margin of 24.92%. The company's revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. View SunTrust Banks' Earnings History.
When is SunTrust Banks' next earnings date?
What price target have analysts set for STI?
27 equities research analysts have issued 12-month price objectives for SunTrust Banks' stock. Their forecasts range from $55.00 to $85.00. On average, they expect SunTrust Banks' share price to reach $70.2727 in the next twelve months. This suggests a possible upside of 2.0% from the stock's current price. View Analyst Ratings for SunTrust Banks.
What is the consensus analysts' recommendation for SunTrust Banks?
27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SunTrust Banks in the last year. There are currently 14 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
Who are some of SunTrust Banks' key competitors?
Some companies that are related to SunTrust Banks include U.S. Bancorp (USB), PNC Financial Services Group (PNC), Industrial & Cmrcl Bnk f China (IDCBY), UBS Group (UBS), National Australia Bank (NABZY), DBS Grp HOLDING/S (DBSDY), Capital One Financial (COF), Intesa Sanpaolo (ISNPY), Mizuho Financial Group (MFG), BB&T (BBT), Standard Chartered (SCBFF), DANSKE Bk A/S/S (DNKEY), BANCO DO BRASIL/S (BDORY), KeyCorp (KEY) and Regions Financial (RF).
Who are SunTrust Banks' key executives?
SunTrust Banks' management team includes the folowing people:
- Mr. William Henry Rogers Jr., Chairman & CEO (Age 60)
- Mr. Mark A. Chancy, Vice Chairman, Co-COO & Consumer Segment Exec. (Age 53)
- Mr. Aleem Gillani, Former Chief Market Risk Officer (Age 56)
- Mr. Jerome T. Lienhard II, Chief Risk Officer & Corp. Exec. VP (Age 61)
- Ms. Laura Allison Dukes, Corp. Exec. VP & CFO (Age 43)
Has SunTrust Banks been receiving favorable news coverage?
Press coverage about STI stock has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SunTrust Banks earned a news sentiment score of 0.22 on Accern's scale. They also gave news articles about the financial services provider an impact score of 46.10 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are SunTrust Banks' major shareholders?
SunTrust Banks' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.89%), DnB Asset Management AS (0.22%), Handelsbanken Fonder AB (0.07%), Deprince Race & Zollo Inc. (0.06%), Retirement Systems of Alabama (0.05%) and Dalton Greiner Hartman Maher & Co. (0.04%). Company insiders that own SunTrust Banks stock include Agnes Bundy Scanlan, Aleem Gillani, Anil T Cheriyan, Frank P Scruggs Jr, Hugh S Cummins III, Jerome T Lienhard, Kyle P Legg, Mark A Chancy, Steven C Voorhees, Susan S Johnson, Thomas E Freeman and Thomas E Panther. View Institutional Ownership Trends for SunTrust Banks.
Which major investors are selling SunTrust Banks stock?
STI stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Clinton Group Inc., Bremer Trust National Association, Cullinan Associates Inc., Retirement Systems of Alabama, Gateway Investment Advisers LLC, Deprince Race & Zollo Inc. and Biltmore Family Office LLC. Company insiders that have sold SunTrust Banks company stock in the last year include Agnes Bundy Scanlan, Hugh S Cummins III, Jerome T Lienhard, Kyle P Legg, Mark A Chancy and Susan S Johnson. View Insider Buying and Selling for SunTrust Banks.
Which major investors are buying SunTrust Banks stock?
STI stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, DnB Asset Management AS, Handelsbanken Fonder AB, Dalton Greiner Hartman Maher & Co., Manning & Napier Group LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Pennsylvania Trust Co and Calamos 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.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is SunTrust Banks' stock price today?
One share of STI stock can currently be purchased for approximately $68.91.
How big of a company is SunTrust Banks?
SunTrust Banks has a market capitalization of $31.44 billion and generates $9.74 billion in revenue each year. The financial services provider earns $2.27 billion in net income (profit) each year or $4.04 on an earnings per share basis. SunTrust Banks employs 23,785 workers across the globe.
How can I contact SunTrust Banks?
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]
MarketBeat Community Rating for SunTrust Banks (NYSE STI)
MarketBeat's community ratings are surveys of what our community members think about SunTrust Banks and other stocks. Vote "Outperform" if you believe STI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe STI will underperform the S&P 500 over the long term. You may vote once every thirty days.
