Tnb Financial Has Raised Suntrust Banks INC (STI) Stake by $7.01 Million as Share Value Rose

SunTrust Banks, Inc. (NYSE:STI) LogoInvestors sentiment decreased to 0.86 in Q4 2018. Its down 0.37, from 1.23 in 2018Q3. It turned negative, as 74 investors sold STI shares while 269 reduced holdings. 91 funds opened positions while 205 raised stakes. 322.58 million shares or 9.49% less from 356.40 million shares in 2018Q3 were reported. Mountain Pacific Advisers Incorporated Id invested 0.14% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Vident Inv Advisory Ltd Company has 7,918 shares for 0.02% of their portfolio. Three Peaks Capital Management Limited Liability Company accumulated 32,244 shares. Everence Cap holds 9,866 shares or 0.12% of its portfolio. Sigma Planning Corp, a Michigan-based fund reported 4,503 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0.06% in SunTrust Banks, Inc. (NYSE:STI). California State Teachers Retirement Systems holds 0.09% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 768,238 shares. The Massachusetts-based Essex Mngmt Ltd has invested 0.38% in SunTrust Banks, Inc. (NYSE:STI). Utd Finance Advisers Limited Co invested in 10,024 shares or 0% of the stock. Tudor Invest Corp Et Al reported 40,124 shares. Wagner Bowman Management holds 0.09% or 7,010 shares. Evercore Wealth Mngmt Limited Company has 0.02% invested in SunTrust Banks, Inc. (NYSE:STI) for 8,870 shares. Gam Ag holds 0.03% or 10,428 shares in its portfolio. Whittier Trust, California-based fund reported 3,490 shares. Silvercrest Asset Mngmt Grp Lc owns 0% invested in SunTrust Banks, Inc. (NYSE:STI) for 4,896 shares.

Tnb Financial increased its stake in Suntrust Banks Inc. (STI) by 2104.47% based on its latest 2018Q4 regulatory filing with the SEC. Tnb Financial bought 140,284 shares as the company’s stock rose 4.96% with the market. The institutional investor held 146,950 shares of the finance company at the end of 2018Q4, valued at $7.41M, up from 6,666 at the end of the previous reported quarter. Tnb Financial who had been investing in Suntrust Banks Inc. for a number of months, seems to be bullish on the $28.20 billion market cap company. The stock decreased 0.49% or $0.31 during the last trading session, reaching $63.56. About 802,048 shares traded. SunTrust Banks, Inc. (NYSE:STI) has declined 4.15% since May 8, 2018 and is downtrending. It has underperformed by 8.52% the S&P500.

More notable recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Bizjournals.com which released: “Merged SunTrust/BB&T ranked 8th largest in U.S. – Triad Business Journal” on April 30, 2019, also Globenewswire.com with their article: “SunTrust (STI) Merger Lawsuit: Halper Sadeh LLP Announces Filing of Shareholder Class Action Lawsuit Against SunTrust Banks, Inc. Concerning Its Proposed Merger With BB&T Corporation – STI – GlobeNewswire” published on April 15, 2019, Bizjournals.com published: “BB&T, SunTrust select firm to lead merger’s rebranding process – Charlotte Business Journal” on April 18, 2019. More interesting news about SunTrust Banks, Inc. (NYSE:STI) were released by: Bizjournals.com and their article: “SunTrust CEO: When to expect new name for bank resulting from BB&T merger – Orlando Business Journal” published on April 23, 2019 as well as Finance.Yahoo.com‘s news article titled: “STI ALERT: Monteverde & Associates PC Is Investigating SunTrust Banks, Inc. – Yahoo Finance” with publication date: May 03, 2019.

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

Among 10 analysts covering SunTrust Banks (NYSE:STI), 0 have Buy rating, 0 Sell and 10 Hold. Therefore 0 are positive. SunTrust Banks had 15 analyst reports since December 7, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, December 7 by Credit Suisse. The firm earned “Equal-Weight” rating on Monday, March 11 by Morgan Stanley. The firm earned “Hold” rating on Tuesday, January 8 by Jefferies. The firm has “Neutral” rating by Robert W. Baird given on Monday, January 28. The firm has “Equal-Weight” rating given on Monday, April 22 by Morgan Stanley. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Market Perform” rating by Bernstein on Friday, February 8. The rating was maintained by Nomura with “Hold” on Friday, March 8. Sandler O’Neill downgraded SunTrust Banks, Inc. (NYSE:STI) on Friday, February 8 to “Hold” rating. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Neutral” rating given on Monday, March 4 by UBS. Macquarie Research upgraded the shares of STI in report on Friday, February 8 to “Neutral” rating.

SunTrust Banks, Inc. (NYSE:STI) Institutional Positions Chart

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