[PR Newswire] – ATLANTA, July 29, 2014 /PRNewswire/ — SunTrust Banks, Inc. (NYSE: STI) announced today it ranked first place for the Javelin Strategy & Research 2014 Digital Banking Experience Leader in Online Banking …
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SunTrust Banks, Inc. (STI), currently valued at $20.41B, started trading this morning at $38.67.
During today’s session, STI traded between $38.50 to $38.81 with its 52-week range being $31.59 to $41.26.
SunTrust (STI) shares are currently priced at 12.72x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.64x earnings multiple for the same period.
And for income investors, the company pays shareholders $0.80 per share annually in dividends, yielding 2.00%.
In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.79 per share, which would be $0.46 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.04, which would be a $0.63 improvement when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.07 Billion. If reported, that would be a 7.81% increase over the year-ago quarter.
In terms of ratings, Barclays upgraded STI from Underweight to Equal Weight (Jan 6, 2014). Previously, Compass Point upgraded STI from Neutral to Buy.
The average price target for STI shares is $42.56, which is 10.06% above where the stock opened this morning.
Summary (NYSE:STI) : SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Management segment offers consumer deposits, home equity lines and loans, consumer lines, indirect auto, student lending, bank card, and other lending products and fee-based products. This segment also provides wealth management products and professional services, including brokerage, professional investment management, and trust services; loan and deposit products; discount/online and full service brokerage services; employee benefit solutions; and family office solutions. The Wholesale Banking segment offers corporate and investment banking solutions, such as advisory, capital raising, and financial risk management; construction, mini-perm, and permanent real estate financing; tailored financing and equity investment solutions; corporate insurance premium financing solutions; and treasury and payment solutions, as well as investment advisory, and other institutional asset management services. The Mortgage Banking segment provides residential mortgage products. SunTrust Bank also provides mortgage banking, asset management, securities brokerage, and capital market services. The company serves individuals and families, businesses, institutions, and governmental agencies through its network of traditional and in-store branches, automated teller machines, Internet, and telephone. As of December 31, 2013, it operated 1,497 full-service banking offices. SunTrust Banks, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
Tag Helper ~ Stock Code: STI | Common Company name: SunTrust | Full Company name: SunTrust Banks Inc (NYSE:STI) .