SunTrust Banks, Inc. (NYSE:STI) has analysts on the Bullish side this week.

September 8, 2018 - By Lisa Delgado

SunTrust Banks, Inc. (NYSE:STI) LogoInvestors sentiment decreased to 1.04 in 2018 Q1. Its down 0.05, from 1.09 in 2017Q4. It dived, as 50 investors sold SunTrust Banks, Inc. shares while 246 reduced holdings. 94 funds opened positions while 215 raised stakes. 380.01 million shares or 0.41% less from 381.57 million shares in 2017Q4 were reported.
200 were reported by Field Main National Bank & Trust. First Natl Trust Co holds 0.04% or 5,265 shares in its portfolio. New York-based Lazard Asset Limited Liability Corporation has invested 0.86% in SunTrust Banks, Inc. (NYSE:STI). Pnc Fincl Gru Inc accumulated 2.82 million shares or 0.19% of the stock. Hsbc Hldgs Public Limited Com invested in 863,639 shares. Dreman Value Mngmt L L C holds 39,095 shares or 1.21% of its portfolio. 638 are held by Exchange Cap Mgmt. 32,001 were reported by Shell Asset Management. Suntrust Banks Incorporated has invested 0.61% in SunTrust Banks, Inc. (NYSE:STI). State Board Of Administration Of Florida Retirement Sys stated it has 0.13% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Natixis owns 143,822 shares or 0.06% of their US portfolio. Supplemental Annuity Collective Of Nj holds 0.5% or 16,852 shares. Oregon Public Employees Retirement Fund accumulated 91,491 shares or 0.09% of the stock. 18,289 were accumulated by Hl Fin. Boys Arnold And Commerce has 0.09% invested in SunTrust Banks, Inc. (NYSE:STI) for 9,087 shares.

Since May 2, 2018, it had 2 buys, and 4 sales for $1.18 million activity. $759,000 worth of SunTrust Banks, Inc. (NYSE:STI) was sold by Cummins Hugh S. III on Monday, May 21. 2,500 shares were sold by ARRIETA JORGE, worth $182,835. Lienhard Jerome T sold 8,750 shares worth $604,275. On Friday, May 4 VOORHEES STEVEN C bought $395,760 worth of SunTrust Banks, Inc. (NYSE:STI) or 6,000 shares. Another trade for 1,500 shares valued at $101,025 was sold by Scanlan Agnes Bundy.

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

Among 15 analysts covering SunTrust Banks (NYSE:STI), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. SunTrust Banks had 18 analyst reports since March 14, 2018 according to SRatingsIntel. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, April 4. Jefferies maintained SunTrust Banks, Inc. (NYSE:STI) rating on Sunday, April 22. Jefferies has “Buy” rating and $7700 target. The stock has “Neutral” rating by Credit Suisse on Wednesday, March 14. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Buy” rating by Argus Research on Monday, July 2. BMO Capital Markets maintained SunTrust Banks, Inc. (NYSE:STI) rating on Friday, April 20. BMO Capital Markets has “Hold” rating and $7700 target. Vining Sparks initiated the stock with “Buy” rating in Friday, April 20 report. Piper Jaffray maintained it with “Buy” rating and $7500 target in Sunday, April 22 report. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Buy” rating given on Friday, June 29 by Sandler O’Neill. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, April 23. The stock has “Overweight” rating by Morgan Stanley on Tuesday, July 24. Below is a list of SunTrust Banks, Inc. (NYSE:STI) latest ratings and price target changes.

28/08/2018 Broker: Edward Jones Rating: Hold Initiates Coverage On
24/07/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $80 New Target: $86 Maintain
23/07/2018 Broker: FBR Capital Old Rating: Neutral New Rating: Buy Old Target: $70 New Target: $81 Upgrade
23/07/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $73 New Target: $74 Maintain
23/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $77 New Target: $79 Maintain
02/07/2018 Broker: Argus Research Old Rating: Hold New Rating: Buy New Target: $75 Upgrade
29/06/2018 Broker: Sandler O’Neill Old Rating: Hold New Rating: Buy Upgrade
27/06/2018 Broker: Bernstein Old Rating: Market Perform New Rating: Outperform Upgrade
23/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $73 New Target: $74 Maintain
23/04/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $79 New Target: $77 Maintain

The stock decreased 0.08% or $0.06 during the last trading session, reaching $74.15. About 1.42 million shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.44% since September 8, 2017 and is uptrending. It has outperformed by 13.87% the S&P500.

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 $34.16 billion. It operates through three divisions: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It has a 13.96 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.

More news for SunTrust Banks, Inc. (NYSE:STI) were recently published by: Bizjournals.com, which released: “Downtown Orlando office building to be renovated as 60-year tenant says goodbye” on August 13, 2018. Seekingalpha.com‘s article titled: “SunTrust Banks declares $0.50 dividend” and published on August 14, 2018 is yet another important article.

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

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