KeyBanc (NYSE:KEY) – Analysts at SunTrust cut their Q1 2016 earnings per share estimates for KeyBanc in a research note issued on Monday, according to Zacks Investment Research. SunTrust analyst W. Curtiss now forecasts that the firm will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.28. The consensus estimate for KeyBanc’s Q1 2016 earnings is $0.27 per share. SunTrust also issued estimates for KeyBanc’s Q4 2016 earnings at $0.29 EPS and FY2016 earnings at $1.14 EPS.

KeyBanc (NYSE:KEY) last issued its quarterly earnings data on Thursday, January 21st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The company earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share.

A number of other analysts also recently weighed in on the company. Deutsche Bank decreased their price target on KeyBanc from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday. FBR & Co. restated a “hold” rating on shares of KeyBanc in a research note on Sunday, January 24th. Compass Point restated a “buy” rating and issued a $16.00 price target on shares of KeyBanc in a research note on Friday, January 22nd. Stephens upgraded KeyBanc from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 22nd. Finally, Goldman Sachs upgraded KeyBanc from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, January 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the stock. KeyBanc currently has a consensus rating of “Buy” and a consensus price target of $15.42.

Shares of KeyBanc (NYSE:KEY) traded up 0.587% during mid-day trading on Wednesday, hitting $11.145. The company had a trading volume of 2,290,036 shares. KeyBanc has a 12 month low of $10.78 and a 12 month high of $15.70. The company has a market cap of $9.31 billion and a PE ratio of 10.604. The firm has a 50-day moving average of $12.32 and a 200-day moving average of $13.34.

In other KeyBanc news, Director Charles P. Cooley purchased 15,000 shares of KeyBanc stock in a transaction that occurred on Monday, January 25th. The stock was purchased at an average price of $10.95 per share, with a total value of $164,250.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $219,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Beth E. Mooney purchased 20,000 shares of KeyBanc stock in a transaction that occurred on Monday, January 25th. The stock was acquired at an average cost of $11.22 per share, with a total value of $224,400.00. Following the acquisition, the chief executive officer now directly owns 494,861 shares of the company’s stock, valued at approximately $5,552,340.42. The disclosure for this purchase can be found here.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, February 26th.

KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.

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