KBW Believes SunTrust Banks (NYSE: STI) Won’t Stop Here

By Carrie Williams

In a report issued on December 26, Melissa Roberts from KBW reiterated a Buy rating on SunTrust Banks (NYSE: STI), with a price target of $77. The company’s shares closed yesterday at $65.44, close to its 52-week high of $66.62.

According to TipRanks.com, Roberts is a 4-star analyst with an average return of 10.9% and a 80.4% success rate. Roberts covers the Financial sector, focusing on stocks such as Fidelity National Financial Ventures, The Community Financial Corporation, and Provident Financial Holdings, Inc.

Currently, the analyst consensus on SunTrust Banks is Moderate Buy and the average price target is $66.77, representing a 2.0% upside.

In a report issued on December 12, UBS also upgraded the stock to Buy with a $73 price target.

The company has a one-year high of $66.62 and a one-year low of $51.96. Currently, SunTrust Banks has an average volume of 3.52M.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SunTrust Banks, Inc. is a bank and financial holding company that engages in the provision of financial services. It offers deposit, credit, mortgage banking, trust and investment, asset management, securities brokerage, and capital market services.