Large Outflow of Money Witnessed in SunTrust Banks, Inc.

SunTrust Banks, Inc. (STI) During the most recent session, the shares traded at 0.88 points or 1.55% higher at $57.7. The money flow data is unimpressive with the net money flow value of $(-1.52) million. As per the intraday data, the upticks measured $6.74 million and the downticks measured $8.26 million. As a result, the up/down ratio registered a value of 0.82. The shares have seen -0.09% price change for the week.A block trade also made an entry with $1.63 million flowing in through upticks while $4.32 million flew out through downticks. The block tradeoff had the up/down ratio of 0.38. The net money flow for this big transaction was $(-2.69) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

SunTrust Banks, Inc. has dropped 1.77% in the last five trading days, however, the shares have posted positive gains of 4.18% in the last 4 weeks. SunTrust Banks, Inc. is up 26.96% in the last 3-month period. Year-to-Date the stock performance stands at 4.18%. SunTrust Banks, Inc. (NYSE:STI) rose 0.56% or 0.32 points on Wednesday and made its way into the gainers of the day. After trading began at $57.45 the stock was seen hitting $57.9 as a peak level and $56.92 as the lowest level. The stock ended up at $57.14. The daily volume was measured at 3,713,601 shares. The 52-week high of the share price is $58.72 and the 52-week low is $31.065. The company has a market cap of $28,044 million.

Company has reported several Insider transactions to the SEC, on Jan 25, 2017, Mark A Chancy (Corp. EVP-Wholesale Bank Exec) sold 30,019 shares at 0.00 per share price.On Nov 23, 2016, Anil T Cheriyan (Corp Ex Vice Pres & CIO) sold 8,000 shares at 52.15 per share price.On Nov 17, 2016, Thomas E Panther (SVP, Controller, CAO) sold 1,200 shares at 51.69 per share price.

SunTrust Banks Last issued its quarterly earnings results on Jan 20, 2017. The company reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.88. The company had revenue of $2192.00 million for the quarter, compared to analysts expectations of $2193.24 million. The companys revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by FBR & Co. on Jan 23, 2017 to Outperform, Raises Price Target to $ 65 from a previous price target of $63 .SunTrust Banks was Upgraded by Sandler ONeill to Buy on Jan 23, 2017. SunTrust Banks was Initiated by UBS on Jan 11, 2017 to Neutral, Price Target of the shares are set at $58.Company shares were Reiterated by Barclays on Jan 3, 2017 to Equal Weight, Raises Price Target to $ 62 from a previous price target of $49 .Company shares were Reiterated by Wedbush on Nov 30, 2016 to Neutral, Raises Price Target to $ 53 from a previous price target of $51 .

SunTrust Banks, Inc. is a commercial banking organization. The company provides a wide range of services to meet the financial needs of its growing customer base in Alabama, Florida, Georgia, Maryland, Tennessee, Virginia, and the District of Columbia. Its primary businesses include traditional deposit and credit services as well as trust and investment services. (Company Press Release)


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