SunTrust Banks, Inc. (NYSE:STI) Updates On Dividend Release Date


On 2016-08-09, SunTrust Banks, Inc. (NYSE:STI) confirmed the dividend disbursement of $0.26 a share to shareholders as on record 2016-08-31. The firm will release dividend on 2016-09-15 while ex-dividend date is reported to be 2016-08-29.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, SunTrust Banks, Inc. (NYSE:STI) paid a total of $0.26 per share in dividends. This figure stood at $0.26 a share in the same period a year ago indicating a deviation of 31.4286%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $45.5 on the stock. This figure is the average of recommendations offered by 16 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $52 and $41, respectively.

Taking the mathematical rating formula, the price for SunTrust Banks, Inc. (NYSE:STI) stands at 2.06. Earnings Review SunTrust Banks, Inc. (NYSE:STI) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-21. For the period ending on 2016-09-30, experts are expecting EPS of $0.89.

Coming to the quarter ending on 2015-12-31, SunTrust Banks, Inc. (NYSE:STI) recorded EPS of $0.89. The reported numbers came lower than the analysts’ estimates of $0.87, demonstrating a miss of $0.02 as against reported figures.

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