Insider Buys And Sells: SunTrust Banks, Inc. (STI)

The 12-month’s insider sell/buy ratio of SunTrust Banks, Inc. (NYSE:STI) is recorded at 32.29, pointing to bearish feelings about the stock among corporate executives and directors. STI corporate insiders offloaded 783,778 shares in the past 12 months while buyers snapped up 24,271 shares in the same period.

Arrieta Jorge parted with a total of 2.5 thousand shares of SunTrust Banks, Inc. (STI) at average share price of $73.13. This insider trade in the company took place on 08/14/2018. The total for the sales was set at $182.83 thousand. After this transaction, the CEVP & General Auditor account balance stood at 6.15 thousand shares. The stock lost -20.09 percent since that insider sale. On 05/21/2018, Cummins Hugh S. Iii, Co-COO/Wholesale Segment Exec, sold 11 thousand shares at a price per share of $69. This removed 759 thousand shares from the insider’s fortune and the stock saw a -15.3 percent retreat in value since the news became public. This transaction left 43.05 thousand shares in the Co-COO/Wholesale Segment Exec account.

On 05/16/2018, Director Scruggs Frank P Jr performed a purchase transaction worth $69.01 thousand. This purchase at $69.01 each has added 1 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -15.32 percent decrease since the transaction was reported. The insider now is left with 8.5 thousand shares remaining in the account. Lienhard Jerome T, who performs the CEVP and Chief Risk Officer job, sold 8.75 thousand shares for $604.28 thousand. The disposal occurred on 05/14/2018 was priced at $69.06 per share. The share price plunged -15.38 percent since the reporting date. Lienhard Jerome T now left with a stake of 41.37 thousand STI stock worth $2.42 million after the insider selling.

The 12-month median price target for SunTrust Banks, Inc. (STI) assigned by the analysts stands at $74.25, which represents a return potential of 27.05 percent when compared to the closing price of the stock of $58.44 on Thursday, December 06. The lowest price target for the stock is $61 — slightly more than 4.38 percent from STI’s current share price. The stock will probably climb 27.12 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $88-month high price target. This represents a whopping 50.58 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 30.23 on daily chart, which may remain a cause for comfort. If the price breaks below $55.96 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $59.06 mark may result into a pull-back move towards $59.68 level. The stock is currently hovering around the first support level of $57.2. Below this, the next support is placed in the zone of $55.96. Till the time, the STI stock trades above this level, bulls have nothing to fear.

Shares of SunTrust Banks, Inc. (STI) are trading at a P/E ratio of 12.43 times earnings reported for the past 12 months. The industry STI operates in has an average P/E of 18.6. Its P/E ratio went as low as 11.97X and as high as 16.77 over the 5-year span. Further, it is sporting a 3.79 on the Price-to-Sales ratio. Compare this with the industry average P/S of 7.82. 0 percent is the gross profit margin for SunTrust Banks, Inc. and operating margin sits at 82.2 percent. Along with this, the net profit margin is 39.8 percent.

On 6th of December, SunTrust Banks, Inc. (NYSE:STI) shares ended lower after a volatile session. The shares dropped -0.23 points or -0.39 percent at $58.44 with a heavy trade volume of 5.097 million shares. After opening the session at $57.55, the shares went as high as $58.44 and as low as $56.58, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $26.2 billion and now has 447.85 million shares outstanding. SunTrust Banks, Inc. (STI) stock has lost -6.53 percent of market value in 21 trading days.

In last reported earnings results, STI earned $1.56 per share, better than the $1.39, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $2.32B, worse than the $2.35B analysts expected. Earnings are estimated to increase by 7.1 percent this year, 2.73 percent next year and continue to increase by 13.89 percent annually for the next 5 years. Investors will get their next glimpse of STI’s Q4 earnings on January 18. Analysts are forecasting revenue to climb 3.2 percent to $2.38B in the next fiscal quarter, while earnings are seen soaring by nearly 26.61 percent to $1.38 per share. History has shown that shares in SunTrust Banks, Inc. have gone up on 22 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings.

STI stock has a trailing 3-year beta of 1.24, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $5.07 a share in the trailing twelve months. The stock’s value has fallen -9.52 percent year to date (YTD) against a decline of -8.73 percent in 12 month’s time. The company’s shares still trade -22.16 percent away from its 1-year high of $75.08 and 0.27 percent up from 52-week low of $58.28. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.