Farmers & Merchants Trust Co of Chambersburg PA Purchases 700 Shares of SunTrust Banks, Inc. (NYSE:STI)

Farmers & Merchants Trust Co of Chambersburg PA boosted its position in SunTrust Banks, Inc. (NYSE:STI) by 864.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 781 shares of the financial services provider’s stock after buying an additional 700 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in SunTrust Banks were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Alpha Windward LLC lifted its holdings in SunTrust Banks by 2,274.4% during the 4th quarter. Alpha Windward LLC now owns 11,492 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 11,008 shares during the last quarter. Willis Investment Counsel raised its stake in shares of SunTrust Banks by 22.3% in the third quarter. Willis Investment Counsel now owns 267,446 shares of the financial services provider’s stock worth $17,863,000 after acquiring an additional 48,700 shares during the last quarter. G&S Capital LLC raised its stake in shares of SunTrust Banks by 2.3% in the third quarter. G&S Capital LLC now owns 48,121 shares of the financial services provider’s stock worth $3,214,000 after acquiring an additional 1,062 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of SunTrust Banks in the third quarter worth about $202,000. Finally, United Services Automobile Association raised its stake in shares of SunTrust Banks by 5.2% in the third quarter. United Services Automobile Association now owns 236,580 shares of the financial services provider’s stock worth $15,801,000 after acquiring an additional 11,622 shares during the last quarter. Institutional investors own 83.02% of the company’s stock.

Shares of STI stock opened at $64.65 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.94 and a current ratio of 0.95. The firm has a market capitalization of $24.43 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 1.32 and a beta of 1.51. SunTrust Banks, Inc. has a 12 month low of $46.05 and a 12 month high of $75.08.

SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, January 18th. The financial services provider reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.10. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. SunTrust Banks had a net margin of 26.61% and a return on equity of 12.40%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Analysts anticipate that SunTrust Banks, Inc. will post 5.87 earnings per share for the current fiscal year.

A number of brokerages have weighed in on STI. BMO Capital Markets lifted their price target on shares of SunTrust Banks from $61.00 to $73.00 and gave the stock a “market perform” rating in a research report on Monday. Keefe, Bruyette & Woods cut shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a research report on Friday, February 8th. Sandler O’Neill cut shares of SunTrust Banks from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a report on Friday, February 8th. Macquarie upgraded shares of SunTrust Banks from an “underperform” rating to a “neutral” rating and set a $64.72 price objective for the company in a report on Friday, February 8th. Finally, Sanford C. Bernstein cut shares of SunTrust Banks from an “outperform” rating to a “market perform” rating and set a $64.72 price objective for the company. in a report on Friday, February 8th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. SunTrust Banks presently has a consensus rating of “Hold” and an average target price of $72.02.

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SunTrust Banks Profile

SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer 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; professional investment advisory products and services; and trust services, as well as family office solutions.

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Institutional Ownership by Quarter for SunTrust Banks (NYSE:STI)

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