Bradford Dinsmore, Executive Vice President of SunTrust Banks, Inc. (NYSE:STI), unloaded 50,000 shares of Common Stock yesterday. The stock was sold directly and at various prices ranging from $36.64 to $36.79 per share. In addition to this, the insider exercised his use of stock options for the transaction. This is Dinsmore’s first large stock disposition of the fiscal year so far, after which he now owns a total of 20,105 company shares.
While other insiders at the $19.6 billion market cap commercial banking organization have unloaded stock this quarter, none have been of any significance. However, last quarter showed some interesting shifts amongst hedge funds. Neil Chriss’ Hutchin Hill Capital increased its stakes in SunTrust by 57% during Q1, thereby boosting its total shares up to 625,000, with an estimated value of $24.8 million. Furthermore, James Dondero’s hedge fund, Highland Capital Management, entered a new shareholder position in March by acquiring 407,048 company holdings, for an approximate value of $16.1 million.
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