Are Analysts Bearish SunTrust Banks, Inc. (NYSE:STI) After Last Week?

SunTrust Banks, Inc. (NYSE:STI) Logo
Investors sentiment decreased to 0.72 in Q1 2019. Its down 0.14, from 0.86 in 2018Q4. It dropped, as 95 investors sold SunTrust Banks, Inc. shares while 267 reduced holdings. 97 funds opened positions while 163 raised stakes. 334.46 million shares or 3.68% more from 322.58 million shares in 2018Q4 were reported.
Pinebridge Invs Lp has 71,819 shares. Synovus Fin has 0.2% invested in SunTrust Banks, Inc. (NYSE:STI) for 212,153 shares. 12,200 were reported by Payden & Rygel. Jaffetilchin Ltd holds 18,150 shares. Usca Ria Ltd Liability owns 0.77% invested in SunTrust Banks, Inc. (NYSE:STI) for 60,392 shares. Private Trust Na holds 0.07% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 5,948 shares. First Midwest Commercial Bank Tru Division invested in 0.2% or 24,323 shares. Gateway Inv Advisers Ltd reported 23,705 shares or 0.01% of all its holdings. First Manhattan stated it has 0% in SunTrust Banks, Inc. (NYSE:STI). 135,785 are held by Terril Brothers. 15,785 are held by Fulton Natl Bank Na. Jupiter Asset Ltd invested in 97,643 shares or 0.19% of the stock. Bancshares Of The West holds 18,508 shares or 0.13% of its portfolio. Washington Capital Mgmt has 21,315 shares. Commerce Bank reported 17,074 shares.

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

Among 3 analysts covering SunTrust Banks (NYSE:STI), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. SunTrust Banks has $73 highest and $66 lowest target. $69’s average target is 16.40% above currents $59.28 stock price. SunTrust Banks had 8 analyst reports since March 4, 2019 according to SRatingsIntel. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Hold” rating by Nomura on Friday, March 8. The firm has “Neutral” rating given on Monday, March 4 by UBS. Morgan Stanley maintained SunTrust Banks, Inc. (NYSE:STI) on Monday, April 22 with “Equal-Weight” rating. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Equal-Weight” rating given on Monday, March 11 by Morgan Stanley. Below is a list of SunTrust Banks, Inc. (NYSE:STI) latest ratings and price target changes.

10/07/2019 Broker: Inc. Common Stock Rating: Ubs New Target: $71.0000 68.0000
27/04/2019 Broker: BidaskScore Rating: Hold Upgrade
22/04/2019 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $73 New Target: $68 Maintain
22/03/2019 Broker: BidaskScore Rating: Sell Downgrade
18/03/2019 Broker: Wells Fargo Rating: Buy Maintain
11/03/2019 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Old Target: $80 New Target: $73 Downgrade
08/03/2019 Broker: Nomura Rating: Hold New Target: $66 Maintain
04/03/2019 Broker: UBS Old Rating: Buy New Rating: Neutral Old Target: $68 New Target: $71 Downgrade

The stock increased 0.30% or $0.18 during the last trading session, reaching $59.28. About 3.23 million shares traded or 23.43% up from the average. SunTrust Banks, Inc. (NYSE:STI) has declined 8.58% since August 16, 2018 and is downtrending. It has underperformed by 8.58% 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 $26.32 billion. It operates through three divisions: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It has a 10.4 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 notable recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Bizjournals.com which released: “S&T hires SunTrust exec as new CMO – Pittsburgh Business Times” on July 24, 2019, also Seekingalpha.com with their article: “Financials advance as Q2 beats outweigh misses – Seeking Alpha” published on July 18, 2019, Seekingalpha.com published: “SunTrust Banks Q2 2019 Earnings Preview – Seeking Alpha” on July 17, 2019. More interesting news about SunTrust Banks, Inc. (NYSE:STI) were released by: Benzinga.com and their article: “Earnings Scheduled For July 18, 2019 – Benzinga” published on July 18, 2019 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Tech Earnings Seize Spotlight Amid Rate Debate – Seeking Alpha” with publication date: July 20, 2019.

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

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