Today, a Director at SunTrust Banks (NYSE: STI), Frank Scruggs, bought shares of STI for $69.01K.
Following Frank Scruggs’ last STI Buy transaction on February 01, 2017, the stock climbed by 13.4%. Following this transaction Frank Scruggs’ holding in the company was increased by 13.33% to a total of $585.8K.
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Based on SunTrust Banks’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.49 billion and quarterly net profit of $643 million. In comparison, last year the company earned revenue of $2.38 billion and had a net profit of $468 million. STI’s market cap is $32.37B and the company has a P/E ratio of 14.18. Currently, SunTrust Banks has an average volume of 1.09M.
29 different firms, including B.Riley FBR and Bernstein, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $77.00, reflecting a -10.6% downside.
In the last 30 days, insiders have sold $604.3K worth of STI shares and purchased $464.8K worth of STI shares. The insider sentiment on SunTrust Banks has been neutral according to 69 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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SunTrust Banks, Inc. is a bank and financial holding company that engages in the provision of financial services. It offers deposit, credit, mortgage banking, trust and investment, asset management, securities brokerage, and capital market services. It operates through the following segments: Consumer, Wholesale, and Corporate Other.
