Analysts See $1.40 EPS for SunTrust Banks, Inc. (STI)

September 16, 2018 - By Palma Niemeyer

SunTrust Banks, Inc. (NYSE:STI) LogoInvestors sentiment increased to 1.07 in 2018 Q2. Its up 0.03, from 1.04 in 2018Q1. It increased, as 46 investors sold SunTrust Banks, Inc. shares while 236 reduced holdings. 73 funds opened positions while 229 raised stakes. 373.05 million shares or 1.83% less from 380.01 million shares in 2018Q1 were reported.
Commonwealth National Bank & Trust Of holds 68,725 shares. Private Advisor Grp Ltd Liability holds 10,998 shares or 0.01% of its portfolio. Haverford Tru Commerce reported 0% stake. Bnp Paribas Arbitrage reported 222,031 shares. Thompson Mngmt Incorporated reported 20,206 shares stake. 29,285 were accumulated by James Investment Rech. Toth Fincl Advisory Corporation stated it has 0% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). 13,313 are owned by Mirae Asset Global Invs Co Ltd. Clearbridge Ltd Company owns 1,155 shares or 0% of their US portfolio. Comerica Bancorp holds 0.15% or 301,904 shares in its portfolio. Caisse De Depot Et Placement Du Quebec, Quebec – Canada-based fund reported 70,571 shares. Mason Street Advisors Limited Company stated it has 0.1% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). The Wisconsin-based Campbell Newman Asset Management has invested 2.07% in SunTrust Banks, Inc. (NYSE:STI). Victory Capital Mgmt holds 5.05 million shares. The Virginia-based Union Bank & Trust has invested 0.13% in SunTrust Banks, Inc. (NYSE:STI).

Since May 2, 2018, it had 2 insider buys, and 4 insider sales for $1.18 million activity. SCRUGGS FRANK P JR bought 1,000 shares worth $69,010. Scanlan Agnes Bundy sold 1,500 shares worth $101,025. VOORHEES STEVEN C bought $395,760 worth of stock. ARRIETA JORGE had sold 2,500 shares worth $182,835 on Tuesday, August 14. Cummins Hugh S. III sold $759,000 worth of SunTrust Banks, Inc. (NYSE:STI) on Monday, May 21.

Analysts expect SunTrust Banks, Inc. (NYSE:STI) to report $1.40 EPS on October, 19.They anticipate $0.34 EPS change or 32.08 % from last quarter’s $1.06 EPS. STI’s profit would be $645.01M giving it 12.25 P/E if the $1.40 EPS is correct. After having $1.49 EPS previously, SunTrust Banks, Inc.’s analysts see -6.04 % EPS growth. The stock increased 0.82% or $0.56 during the last trading session, reaching $68.59. About 4.99 million shares traded or 80.38% up from the average. SunTrust Banks, Inc. (NYSE:STI) has risen 30.64% since September 16, 2017 and is uptrending. It has outperformed by 15.02% the S&P500.

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

Among 16 analysts covering SunTrust Banks (NYSE:STI), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. SunTrust Banks had 18 analyst reports since April 4, 2018 according to SRatingsIntel. The company was upgraded on Friday, June 29 by Sandler O’Neill. On Monday, April 23 the stock rating was downgraded by Stephens to “Hold”. The firm earned “Market Perform” rating on Monday, July 23 by BMO Capital Markets. The firm has “Buy” rating by Argus Research given on Monday, July 2. Keefe Bruyette & Woods maintained SunTrust Banks, Inc. (NYSE:STI) on Wednesday, April 4 with “Buy” rating. The stock has “Buy” rating by FBR Capital on Monday, July 23. On Thursday, September 13 the stock rating was downgraded by PiperJaffray to “Neutral”. Bernstein upgraded SunTrust Banks, Inc. (NYSE:STI) on Wednesday, June 27 to “Outperform” rating. The firm earned “Buy” rating on Sunday, April 22 by Piper Jaffray. The firm has “Hold” rating by Susquehanna given on Tuesday, April 10.

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 $31.60 billion. It operates through three divisions: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It has a 12.91 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 important recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Bizjournals.com which released: “Charlotte-area banks are closing early today as Hurricane Florence moves in” on September 14, 2018, also Bizjournals.com published article titled: “The FDIC rankings are out. See which Greater Washington banks rose and fell.”, Investorplace.com published: “7 Big Bank Stocks That Are Breaking Down” on September 12, 2018. More interesting news about SunTrust Banks, Inc. (NYSE:STI) was released by: Seekingalpha.com and their article: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” with publication date: September 14, 2018.

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

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