Pro-Suntrust Banks Inc Institutional Investors Sentiment Runs High in 2018 Q2

October 11, 2018 - By Louis Casey

SunTrust Banks, Inc. (NYSE:STI) Logo

Sentiment for Suntrust Banks Inc (NYSE:STI)

Suntrust Banks Inc (NYSE:STI) institutional sentiment increased to 1.07 in 2018 Q2. Its up 0.03, from 1.04 in 2018Q1. The ratio has increased, as 302 active investment managers increased or opened new holdings, while 282 sold and decreased holdings in Suntrust Banks Inc. The active investment managers in our partner’s database now have: 373.05 million shares, down from 380.01 million shares in 2018Q1. Also, the number of active investment managers holding Suntrust Banks Inc in their top 10 holdings decreased from 15 to 9 for a decrease of 6. Sold All: 46 Reduced: 236 Increased: 229 New Position: 73.

SunTrust Banks, Inc. operates as the holding firm for SunTrust Bank that provides various financial services for consumers, businesses, firms, and institutions in the United States. The company has market cap of $29.95 billion. It operates through three divisions: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It has a 12.23 P/E ratio. The Consumer Banking and Private Wealth Management 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; and professional investment management and trust services, as well as family office solutions.

The stock decreased 0.67% or $0.44 during the last trading session, reaching $65. About 116,250 shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 30.64% since October 11, 2017 and is uptrending. It has outperformed by 15.02% the S&P500.

Analysts await SunTrust Banks, Inc. (NYSE:STI) to report earnings on October, 19. They expect $1.40 earnings per share, up 32.08 % or $0.34 from last year’s $1.06 per share. STI’s profit will be $645.01 million for 11.61 P/E if the $1.40 EPS becomes a reality. After $1.49 actual earnings per share reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts -6.04 % negative EPS growth.

Gator Capital Management Llc holds 5.02% of its portfolio in SunTrust Banks, Inc. for 66,509 shares. Elizabeth Park Capital Advisors Ltd. owns 248,135 shares or 4.46% of their US portfolio. Moreover, Css Llc Il has 3.8% invested in the company for 1.23 million shares. The Washington-based Washington Capital Management Inc has invested 3.65% in the stock. Gillespie Robinson & Grimm Inc, a Connecticut-based fund reported 405,495 shares.

Since January 1, 0001, it had 2 insider buys, and 4 insider sales for $1.18 million activity.

SunTrust Banks, Inc. (NYSE:STI) Ratings Coverage

Ratings analysis reveals 57% of SunTrust Banks’s analysts are positive. Out of 14 Wall Street analysts rating SunTrust Banks, 8 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $74 while the high is $8700. The stock’s average target of $78.20 is 20.31% above today’s ($65) share price. STI was included in 16 notes of analysts from April 20, 2018. The company was upgraded on Friday, June 29 by Sandler O’Neill. Morgan Stanley maintained SunTrust Banks, Inc. (NYSE:STI) on Tuesday, July 24 with “Overweight” rating. Credit Suisse maintained the stock with “Neutral” rating in Monday, April 23 report. On Wednesday, June 27 the stock rating was upgraded by Bernstein to “Outperform”. Barclays Capital maintained it with “Equal-Weight” rating and $79 target in Monday, July 23 report. The company was maintained on Sunday, April 22 by Jefferies. The firm earned “Hold” rating on Friday, April 20 by BMO Capital Markets. BMO Capital Markets maintained SunTrust Banks, Inc. (NYSE:STI) rating on Monday, April 23. BMO Capital Markets has “Market Perform” rating and $77 target. The firm earned “Neutral” rating on Thursday, September 13 by PiperJaffray. Vining Sparks initiated the shares of STI in report on Friday, April 20 with “Buy” rating.

More recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Bizjournals.com which released: “Square CFO Sarah Friar hears opportunity knocking, takes CEO role at Nextdoor” on October 10, 2018. Also Bizjournals.com published the news titled: “SunTrust appoints new Central Florida market president” on October 09, 2018. Bizjournals.com‘s news article titled: “Valley National Bank rebrands, including in Orlando” with publication date: October 10, 2018 was also an interesting one.

SunTrust Banks, Inc. (NYSE:STI) Institutional Positions Chart

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