SunTrust Banks (STI) : Traders are bullish on SunTrust Banks (STI) as it has outperformed the S&P 500 by a wide margin of 4.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.74% in the last 1 week, and is up 1.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.81% and the 50-Day Moving Average is 2.53%.The 200 Day SMA reached 10.16% SunTrust Banks, Inc. is up 6.58% in the last 3-month period. Year-to-Date the stock performance stands at 3.95%.
SunTrust Banks (STI) : The highest short term price target forecast on SunTrust Banks (STI) is $52 and the lowest target price is $41. A total of 16 equity analysts are currently covering the company. The average price of all the analysts is $45.53 with a standard deviation of $3.16.
For the current week, the company shares have a recommendation consensus of Buy. SunTrust Banks (NYSE:STI): stock was range-bound between the intraday low of $43.46 and the intraday high of $43.88 after having opened at $43.81 on Fridays session. The stock finally closed in the red at $43.81, a loss of -0.91%. The stock remained in the red for the whole trading day. The total traded volume was 4,119,975 shares. The stock failed to cross $43.88 in Fridays trading. The stocks closing price on Thursday was $44.11.
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 Companys 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 Companys 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.