Latest Stocks: Texas Yale Capital Corp. Has $505,000 Stake in SunTrust Banks, Inc. (STI)

Latest Stocks: Texas Yale Capital Corp. Has $505,000 Stake in SunTrust Banks, Inc. (STI)

Texas Yale Capital Corp. maintained its position in shares of SunTrust Banks, Inc. (NYSE:STI) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,128 shares of the financial services provider’s stock at the end of the first quarter. Texas Yale Capital Corp.’s holdings in SunTrust Banks were worth $505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake in SunTrust Banks by 239.0% in the first quarter. BNP Paribas Arbitrage SA now owns 390,598 shares of the financial services provider’s stock worth $21,600,000 after buying an additional 275,381 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SunTrust Banks by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 6,232,300 shares of the financial services provider’s stock valued at $344,646,000 after buying an additional 125,395 shares in the last quarter. Maple Capital Management Inc. boosted its stake in shares of SunTrust Banks by 10.7% in the first quarter. Maple Capital Management Inc. now owns 130,597 shares of the financial services provider’s stock valued at $7,222,000 after buying an additional 12,575 shares in the last quarter. AT Bancorp purchased a new stake in shares of SunTrust Banks during the first quarter valued at $1,034,000. Finally, Pinnacle Financial Partners Inc. boosted its stake in shares of SunTrust Banks by 8.7% in the first quarter. Pinnacle Financial Partners Inc. now owns 25,615 shares of the financial services provider’s stock valued at $1,417,000 after buying an additional 2,051 shares in the last quarter. 82.17% of the stock is owned by institutional investors and hedge funds.

Shares of SunTrust Banks, Inc. (STI) opened at 53.77 on Tuesday. The company’s 50 day moving average is $55.73 and its 200 day moving average is $56.02. The company has a market capitalization of $26.12 billion, a price-to-earnings ratio of 14.65 and a beta of 1.33. SunTrust Banks, Inc. has a one year low of $37.71 and a one year high of $61.69.

SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, April 21st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.07. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.21 billion. SunTrust Banks had a return on equity of 8.08% and a net margin of 20.50%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. Equities research analysts predict that SunTrust Banks, Inc. will post $3.97 earnings per share for the current year. The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.93%. SunTrust Banks’s dividend payout ratio (DPR) is presently 28.97%.

SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, April 21st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.07. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.21 billion. SunTrust Banks had a return on equity of 8.08% and a net margin of 20.50%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. Equities research analysts predict that SunTrust Banks, Inc. will post $3.97 earnings per share for the current year. Several analysts have recently commented on the stock. Wedbush raised shares of SunTrust Banks from a “neutral” rating to an “outperform” rating and increased their price target for the company from $60.00 to $63.00 in a research note on Monday, May 1st. Zacks Investment Research upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, March 28th. Credit Suisse Group AG restated a “sell” rating and issued a $50.00 price objective on shares of SunTrust Banks in a report on Thursday, February 9th. Jefferies Group LLC upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, April 3rd. Finally, Bank of America Corp reiterated a “hold” rating on shares of SunTrust Banks in a report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $55.82.

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