Short Interest To Observe: What’s Suntrust Banks Incorporated (NYSE:STI) Upside After This Short Interest Increase?

November 16, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest To Observe: What's Suntrust Banks Incorporated (NYSE:STI) Upside After This Short Interest Increase?

The stock of Suntrust Banks Incorporated (NYSE:STI) registered an increase of 1.91% in short interest. STI’s total short interest was 10.12M shares in November as published by FINRA. Its up 1.91% from 9.93M shares, reported previously. With 3.29 million shares average volume, it will take short sellers 3 days to cover their STI’s short positions. The short interest to Suntrust Banks Incorporated’s float is 2.03%. About 3.88M shares traded hands. SunTrust Banks, Inc. (NYSE:STI) has risen 35.38% since April 14, 2016 and is uptrending. It has outperformed by 30.70% the S&P500.

SunTrust Banks, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $25.17 billion. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for clients and businesses, including deposit, credit, mortgage banking, and trust and investment services. It has a 14.19 P/E ratio. The Company’s other subsidiaries provide asset and wealth management, securities brokerage, and capital market services.

Insitutional Activity: The institutional sentiment increased to 0.94 in 2016 Q2. Its up 0.04, from 0.9 in 2016Q1. The ratio increased, as 51 funds sold all SunTrust Banks, Inc. shares owned while 230 reduced positions. 74 funds bought stakes while 189 increased positions. They now own 402.06 million shares or 1.73% less from 409.14 million shares in 2016Q1.
Raymond James Trust Na holds 20,968 shares or 0.07% of its portfolio. The Alabama-based Cornerstone Advsrs Incorporated has invested 0.05% in SunTrust Banks, Inc. (NYSE:STI). Gyroscope Grp Ltd Limited Liability Company reported 6,117 shares or 0.2% of all its holdings. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt holds 0.11% or 244,900 shares in its portfolio. Gam Ag has 77,183 shares for 0.05% of their US portfolio. Hudson Valley Invest Adv owns 45,915 shares or 0.6% of their US portfolio. Anchor Ltd Limited Liability Company holds 1.29% or 1.24 million shares in its portfolio. Parkside National Bank & Trust holds 0% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 148 shares. Thompson Investment Management last reported 0.22% of its portfolio in the stock. Pacad Investment Limited last reported 0.03% of its portfolio in the stock. Highland Capital Management Lc reported 233,871 shares or 0.83% of all its holdings. Roosevelt Invest Group reported 594,445 shares or 1.89% of all its holdings. Neuberger Berman Lc has 0% invested in the company for 69,425 shares. Princeton Alpha Management L P last reported 29,171 shares in the company. The Ohio-based Fifth Third Natl Bank has invested 0.11% in SunTrust Banks, Inc. (NYSE:STI).

Insider Transactions: Since July 26, 2016, the stock had 0 buys, and 4 insider sales for $520,466 net activity. 794 SunTrust Banks, Inc. (NYSE:STI) shares with value of $36,187 were sold by Johnson Susan S. Panther Thomas E had sold 959 shares worth $42,916. Gillani Aleem sold $393,960 worth of stock.

SunTrust Banks, Inc. (NYSE:STI) Ratings Coverage

Out of 21 analysts covering Suntrust Banks Inc. (NYSE:STI), 9 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 43% are positive. Suntrust Banks Inc. has been the topic of 43 analyst reports since July 20, 2015 according to StockzIntelligence Inc. On Tuesday, August 25 the stock rating was upgraded by Robert W. Baird to “Underperform”. The company was maintained on Monday, October 19 by BMO Capital Markets. The company was initiated on Tuesday, November 24 by Piper Jaffray. Standpoint Research downgraded SunTrust Banks, Inc. (NYSE:STI) on Tuesday, November 15 to “Hold” rating. The firm has “Outperform” rating given on Friday, January 8 by Bernstein. On Monday, October 19 the stock rating was maintained by Jefferies with “Hold”. Portales Partners upgraded SunTrust Banks, Inc. (NYSE:STI) on Tuesday, June 28 to “Outperform” rating. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Outperform” rating given on Tuesday, October 11 by FBR Capital. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Outperform” rating by RBC Capital Markets on Monday, January 25. On Monday, September 7 the stock rating was upgraded by Zacks to “Buy”.

STI Company Profile

SunTrust Banks, Inc., incorporated on July 24, 1984, is a bank holding firm and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for clients 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. The Firm operates through three divisions: 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 real estate assets. The Firm operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia.

More recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Streetinsider.com which released: “Form 4 SUNTRUST BANKS INC For: Nov 14 Filed by: Freeman Thomas E” on November 16, 2016. Also Businesswire.com published the news titled: “nCino Arrives at SunTrust” on November 10, 2016. Prnewswire.com‘s news article titled: “SunTrust Bank Expands Partnership with Operation HOPE” with publication date: November 01, 2016 was also an interesting one.

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By Hazel Jackson


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