Suntrust Banks Inc (NYSE:STI) Stock Price Up as Sentiment Worsens, now at 1.04

June 27, 2018 - By Joseph Taylor

SunTrust Banks, Inc. (NYSE:STI) Corporate Logo

Positions for Suntrust Banks Inc (NYSE:STI)

In Q1 2018 Suntrust Banks Inc (NYSE:STI) big money sentiment decreased to 1.04, SEC filings reveal. That’s down -0.05, from 2017Q4’s 1.09. 309 hedge funds increased or opened new equity positions, while 296 sold and reduced stock positions in Suntrust Banks Inc so the sentiment turned negative. Funds own 380.01 million shares, down from 381.57 million shares in 2017Q4. Funds holding Suntrust Banks Inc in top 10 increased from 9 to 15 for an increase of 6. 50 Investors Sold All; 246 Reduced Holdings; 215 increased stakes while 94 hedge funds bought stakes.

Most Suntrust Banks Inc Shareholders

Elizabeth Park Capital Advisors Ltd. owns 244,135 shares in Suntrust Banks Inc as of Q1 2018. Suntrust Banks Inc’s shareholder Gator Capital Management Llc owns 66,509 shares as of Q1 2018. Css Llc Il reported 1.23 million shares. Washington Capital Management Inc revealed 53,850 shares position in Suntrust Banks Inc. The Connecticut-based fund Gillespie Robinson & Grimm Inc holds 409,255 shares or 3.64% of their US long equity exposure.

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 $30.78 billion market cap. It operates through three divisions: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking.The P/E ratio is 14.81. 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 increased 0.10% or $0.07 during the last trading session, touching $66.22.Currently SunTrust Banks, Inc. is uptrending after 26.44% change in last June 27, 2017. STI has 1.04M shares volume. The stock outperformed the S&P500 by 13.87%.

Earnings report for SunTrust Banks, Inc. (NYSE:STI) is awaited on July, 20., Faxor reports. Analysts forecast 25.24 % diference or $1.29 from the $1.03 EPS from 2017. STI’s profit could reach $599.63M with 12.83 P/E in case $1.29 earnings per share is published. After $1.29 EPS report previous quarter, Wall Street now predicts 0.00 % EPS growth of SunTrust Banks, Inc..

Sumitomo Mitsui Holdg owns 1.45M shs. Victory Cap Mngmt holds 6.26M shs or 0.93% of its capital. Three Peaks Mngmt Ltd Co owns 21,942 shs for 0.26% of their capital. Regentatlantic Capital Llc stated it has 12,644 shs or 0.07% of all its holdings. Eastern Bank reported 7,774 shs. The California-based Whittier Company has invested 0.01% in SunTrust Banks, Inc. (NYSE:STI). Fdx Advsr owns 31,904 shs or 0.06% of their US capital. Gateway Inv Advisers Limited Com stated it has 0.02% of its capital in SunTrust Banks, Inc. (NYSE:STI). Soros Fund Mgmt Ltd Liability Company holds 0.1% or 92,572 shs in its capital. State Street holds 0.14% in SunTrust Banks, Inc. (NYSE:STI) or 23.74M shs. Brinker Capital holds 0.07% or 25,305 shs in its capital. Glob X Mgmt Limited Liability Corp reported 0.01% of its capital in SunTrust Banks, Inc. (NYSE:STI). Abner Herrman & Brock Lc reported 174,044 shs. Moreover, Numerixs Inv Tech has 0.06% invested in SunTrust Banks, Inc. (NYSE:STI) for 3,901 shs. 8,932 are held by First Western Mngmt.

SunTrust Banks, Inc. had 6 sales and 2 buys since January 23, 2018. This’s net activity of $2.29 million. On Tuesday, January 23 29,248 shs were sold by Lienhard Jerome T, worth $507,911. Johnson Susan S had sold 3,600 shs worth $255,737. On Monday, May 21 11,000 shs were sold by Cummins Hugh S. III, worth $759,000. On Wednesday, May 2 Scanlan Agnes Bundy sold $101,025 worth of SunTrust Banks, Inc. (NYSE:STI). On Wednesday, May 16 SCRUGGS FRANK P JR also bought $69,010 worth of SunTrust Banks, Inc. (NYSE:STI). VOORHEES STEVEN C bought $395,760 worth of stock.

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

Total analysts of 15 have positions in SunTrust Banks (NYSE:STI) as follows: 7 rated it a “Buy”, 0 with “Sell” and 8 with “Hold”. The positive are 47%. Since January 2, 2018 according to StockzIntelligence Inc SunTrust Banks has 23 analyst reports. In Friday, January 19 report Susquehanna maintained the stock with “Hold” rating. On Friday, April 20 Vining Sparks initiated SunTrust Banks, Inc. (NYSE:STI) rating. Vining Sparks has “Buy” rating and $8700 target. In Monday, April 23 report Credit Suisse maintained the stock with “Neutral” rating. The company rating was maintained by Jefferies on Sunday, April 22. On Monday, April 23 Stephens downgraded the shares of STI in report to “Hold” rating. On Tuesday, April 10 the firm has “Hold” rating given by Susquehanna. On Friday, January 19 the firm has “Hold” rating by Sandler O’Neill given. On Monday, January 8 the firm has “Overweight” rating given by Morgan Stanley. The company rating was maintained by BMO Capital Markets on Friday, April 20. On Friday, February 2 the stock has “Overweight” rating by Morgan Stanley.

A couple more SunTrust Banks, Inc. (NYSE:STI) news were brought out by: Bizjournals.com which released on June 11, 2018 “Confirmed: SunTrust to move its Orlando HQ to Church Street Plaza”, also Seekingalpha.com on June 14, 2018 brought out “SunTrust expands aging services industry group nationally”, the next Bizjournals.com is “Exclusive: SunTrust Center owner to renovate iconic downtown office tower” on June 12, 2018. Benzinga.com has article titled “Benzinga’s Top Upgrades, Downgrades For June 27, 2018”.

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

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