Shares of BB&T Corp. (NYSE:BBT) have received a consensus rating of “Hold” from the twenty-six analysts that are currently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $39.32.

A number of equities research analysts have recently issued reports on the company. Credit Suisse Group AG reaffirmed a “buy” rating and set a $42.00 target price on shares of BB&T Corp. in a research report on Wednesday, September 28th. Credit Agricole SA boosted their target price on BB&T Corp. from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, September 23rd. Morgan Stanley reaffirmed a “hold” rating and set a $37.00 target price on shares of BB&T Corp. in a research report on Friday, August 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $40.00 target price on shares of BB&T Corp. in a research report on Friday, July 22nd. Finally, FBR & Co reaffirmed a “buy” rating and set a $45.00 target price on shares of BB&T Corp. in a research report on Friday, July 22nd.

In other news, Director I. Patricia Henry sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $38.13, for a total value of $38,130.00. Following the completion of the transaction, the director now directly owns 8,090 shares of the company’s stock, valued at approximately $308,471.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Kelly S. King sold 46,216 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $36.76, for a total value of $1,698,900.16. The disclosure for this sale can be found here. 0.88% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. WFG Advisors LP boosted its position in shares of BB&T Corp. by 134.6% in the second quarter. WFG Advisors LP now owns 2,829 shares of the company’s stock worth $101,000 after buying an additional 1,623 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in shares of BB&T Corp. by 13.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,989 shares of the company’s stock worth $106,000 after buying an additional 344 shares during the last quarter. Pinkerton Retirement Specialists LLC bought a new position in shares of BB&T Corp. during the second quarter worth about $110,000. Global X Management Co. LLC boosted its position in shares of BB&T Corp. by 117.2% in the second quarter. Global X Management Co. LLC now owns 3,174 shares of the company’s stock worth $113,000 after buying an additional 1,713 shares during the last quarter. Finally, First Personal Financial Services boosted its position in shares of BB&T Corp. by 13.6% in the second quarter. First Personal Financial Services now owns 3,168 shares of the company’s stock worth $113,000 after buying an additional 380 shares during the last quarter. 63.04% of the stock is owned by institutional investors and hedge funds.

Shares of BB&T Corp. (NYSE:BBT) traded down 0.50% during midday trading on Monday, hitting $37.53. The company had a trading volume of 1,035,296 shares. The firm has a market cap of $30.57 billion, a price-to-earnings ratio of 14.48 and a beta of 1.03. The company’s 50 day moving average is $37.88 and its 200 day moving average is $35.91. BB&T Corp. has a one year low of $29.95 and a one year high of $39.47.

BB&T Corp. (NYSE:BBT) last announced its earnings results on Thursday, July 21st. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.73 billion. BB&T Corp. had a return on equity of 9.12% and a net margin of 20.11%. BB&T Corp.’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. Equities analysts forecast that BB&T Corp. will post $2.76 earnings per share for the current fiscal year.

About BB&T Corp.

5 Day Chart for NYSE:BBT

Receive News & Stock Ratings for BB&T Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T Corp. and related stocks with our FREE daily email newsletter.