SunTrust Banks, Inc. (NYQ:STI) close to 52-week high on important volume, short interest decreasing

SunTrust Banks, Inc. (NYQ:STI) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $41.92, up by 1.7%, with a volume of 5,537,596 shares against an average volume for the last 3 months of 3,690,260.

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STI is expected to report next quarter earnings on April 20. The Financial Sector company’s earning per share consensus Street estimate stands at $0.72.

SunTrust Banks, Inc. (NYQ:STI) is currently trading 2.65% below its 52-week-high, 23.4% above its 52-week-low. The 12-months range for the stock is $33.97 – $43.06. SunTrust Banks, Inc. (STI) has a price to earnings ratio of 12.76 versus S&P 500 average of 17.42. STI stock price has underperformed the S&P 500 by 1.9%. The Financial Sector company is currently valued at $21.87 billion and its share price closed the last trading session at $41.92. The stock has a 50-day moving average of $40.33 and a 200-day moving average of $39.34.

SunTrust Banks, Inc. (STI) current short interest stands at 9.9 millions shares. It has decreased by 5% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.15 millions shares, the number of days required to cover the short positions stand at 3.2 days.

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There are currently thirty-two analysts that cover STI stock. Of those thirty-two, sixteen have a Buy rating, fifteen have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $43.47.

A recent analyst activity consisted of Standpoint Research upgrading their Hold rating to Buy on February 4. On the date of report, the stock closed at $39.4.

Standpoint Research downgraded their Buy rating to Hold on December 8. On the date of report, the stock closed at $41.23.

Company profile

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank, which provides various financial services in the United States. SunTrust Banks, Inc. 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, 2011, the company operated 1,659 full-service banking offices. The company was founded in 1891 and is headquartered in Atlanta, Georgia.

SunTrust Banks, Inc. (NYQ:STI) close to 52-week high on important volume, short interest decreasing was last modified: March 9th, 2015 by Jason Ford