Analysts See $1.04 EPS for SunTrust Banks, Inc. (STI)

September 18, 2017 - By Dolores Ford

 Analysts See $1.04 EPS for SunTrust Banks, Inc. (STI)
Investors sentiment increased to 0.89 in 2016 Q4. Its up 0.02, from 0.87 in 2016Q3. It is positive, as 44 investors sold SunTrust Banks, Inc. shares while 254 reduced holdings. 102 funds opened positions while 164 raised stakes. 396.46 million shares or 0.52% more from 394.42 million shares in 2016Q3 were reported.
Todd Asset holds 526,349 shares. Strategic Global Advisors Ltd Liability Corporation reported 0.63% in SunTrust Banks, Inc. (NYSE:STI). Amalgamated Bankshares reported 33,029 shares. Asset stated it has 0.09% in SunTrust Banks, Inc. (NYSE:STI). Cap Management Corporation Va reported 8,128 shares. Raymond James Trust Na owns 0.09% invested in SunTrust Banks, Inc. (NYSE:STI) for 20,604 shares. Columbia Ptnrs L L C Investment Management holds 0.07% or 13,562 shares. Wilbanks Smith Thomas Asset Mngmt Limited Liability Com reported 0.06% in SunTrust Banks, Inc. (NYSE:STI). Amica Pension Fund Board Of Trustees owns 20,333 shares for 0.13% of their portfolio. 394,706 were accumulated by Jacobs Levy Equity Management Inc. Bb&T Corp invested 0.24% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Oz Management L P owns 500,000 shares for 0.19% of their portfolio. British Columbia Inv accumulated 262,102 shares. Engineers Gate Manager Ltd Partnership stated it has 11,600 shares or 0.07% of all its holdings. Advantus Capital Mgmt stated it has 0.07% of its portfolio in SunTrust Banks, Inc. (NYSE:STI).

Analysts await SunTrust Banks, Inc. (NYSE:STI) to report earnings on October, 20. They expect $1.04 earnings per share, up 14.29 % or $0.13 from last year’s $0.91 per share. STI’s profit will be $499.04 million for 13.18 P/E if the $1.04 EPS becomes a reality. After $1.03 actual earnings per share reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts 0.97 % EPS growth. The stock increased 0.16% or $0.09 on September 15, reaching $54.83. About 4.31M shares traded or 53.38% up from the average. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since September 18, 2016 and is uptrending. It has outperformed by 10.12% the S&P500.

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

Among 28 analysts covering Suntrust Banks Inc. (NYSE:STI), 13 have Buy rating, 0 Sell and 15 Hold. Therefore 46% are positive. Suntrust Banks Inc. had 70 analyst reports since July 20, 2015 according to SRatingsIntel. On Friday, November 18 the stock rating was downgraded by Wells Fargo to “Market Perform”. Wedbush initiated the shares of STI in report on Friday, October 7 with “Neutral” rating. As per Monday, June 5, the company rating was upgraded by Robert W. Baird. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, September 7. As per Monday, October 19, the company rating was maintained by BMO Capital Markets. The rating was upgraded by Credit Agricole to “Buy” on Wednesday, September 9. FBR Capital reinitiated SunTrust Banks, Inc. (NYSE:STI) rating on Tuesday, October 11. FBR Capital has “Outperform” rating and $49 target. Jefferies maintained the shares of STI in report on Thursday, June 8 with “Buy” rating. The company was maintained on Friday, August 25 by Robert W. Baird. The firm has “Buy” rating given on Thursday, September 17 by Deutsche Bank.

SunTrust Banks, Inc. is a provider of financial services. The company has market cap of $26.31 billion. The Company’s principal subsidiary is SunTrust Bank . It has a 14.59 P/E ratio. The Company’s business divisions include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other.

More important recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Nasdaq.com which released: “SunTrust Banks, Inc. (STI) Ex-Dividend Date Scheduled for August 29, 2017” on August 28, 2017, also Seekingalpha.com published article titled: “SunTrust Banks’ (STI) Management Presents at Barclays Global Financial …”, Seekingalpha.com published: “Suntrust Banks: Let The Sun In” on August 21, 2017. More interesting news about SunTrust Banks, Inc. (NYSE:STI) was released by: Wsj.com and their article: “SunTrust Settles Charges of Steering Clients to Higher Fees, SEC Says” with publication date: September 14, 2017.

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