SunTrust Banks(NYSE:STI) Declares Dividend of $0.2600.

SunTrust Banks (NYSE:STI) had declared a cash dividend of $0.2600 on Aug 9, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed for Aug 31, 2016. On Aug 9, 2016 share price, the yield comes out to be 2.4390%. The dividend payable date has been fixed on Sep 15, 2016.

In a different note, On Jul 25, 2016, Goldman Sachs said it Maintains its rating on SunTrust Banks. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 15, 2016, Baird said it Downgrades its rating on SunTrust Banks. On Jun 7, 2016, Susquehanna said it Downgrades its rating on SunTrust Banks. The shares have been rated ‘Neutral’ by the firm.

SunTrust Banks (STI) made into the market gainers list on Wednesdays trading session with the shares advancing 0.90% or 0.38 points. Due to strong positive momentum, the stock ended at $42.49, which is also near the day’s high of $42.54. The stock began the session at $42.06 and the volume stood at 41,73,997 shares. The 52-week high of the shares is $45.24 and the 52 week low is $31.065. The company has a current market capitalization of $21,064 M and it has 49,57,38,820 shares in outstanding.

SunTrust Banks(STI) last announced its earnings results on Jul 22, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.22B. Analysts had an estimated revenue of $2.14B. Earnings per share were $0.89. Analysts had estimated an EPS of $0.88.

Several Insider Transactions has been reported to the SEC. On Jul 28, 2016, Mark A Chancy (Corp. EVP-Wholesale Bank Exec) sold 28,390 shares at $0.00 per share price.Also, On Jul 27, 2016, Susan S Johnson (Corporate Executive Vice Pres) sold 1,118 shares at $42.40 per share price.On May 26, 2016, Kenneth J Carrig (CEVP & Chief HR Officer) sold 17,000 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Suntrust Banks Inc. is a bank holding company and a financial holding company. Through its principal subsidiary SunTrust Bank the Company offers a line of financial services for consumers and businesses including deposit credit mortgage banking and trust and investment services. The Company’s other subsidiaries provide asset and wealth management securities brokerage and capital market services. SunTrust operates the following business segments: Consumer Banking and Private Wealth Management Wholesale Banking and Mortgage Banking. It also operates a Corporate Other segment which includes the management of the Company’s investment securities portfolio long-term debt end-user derivative instruments short-term liquidity and funding activities balance sheet risk management and most real estate assets. SunTrust operates primarily within Florida Georgia Maryland North Carolina South Carolina Tennessee Virginia and the District of Columbia.

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