BB&T Corp. (NYSE:BBT) – Analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for BB&T Corp. in a report released on Tuesday. Jefferies Group analyst K. Usdin expects that the brokerage will post earnings per share of $0.75 for the quarter. Jefferies Group also issued estimates for BB&T Corp.’s Q2 2017 earnings at $0.78 EPS, Q3 2017 earnings at $0.77 EPS and Q4 2017 earnings at $0.80 EPS.

Several other research firms have also issued reports on BBT. Vetr lowered shares of BB&T Corp. from a “strong-buy” rating to a “buy” rating and set a $39.62 price objective for the company. in a research note on Monday, July 4th. Robert W. Baird lowered shares of BB&T Corp. from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $40.00 to $37.00 in a research note on Monday, July 11th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of BB&T Corp. in a research note on Saturday, July 9th. FBR & Co lowered shares of BB&T Corp. from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $45.00 to $40.00 in a research note on Tuesday. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $40.00 price objective on shares of BB&T Corp. in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $39.41.

Earnings History and Estimates for BB&T Corp. (NYSE:BBT)

Shares of BB&T Corp. (NYSE:BBT) traded down 2.30% during trading on Thursday, hitting $37.82. 3,235,195 shares of the stock traded hands. The company has a market cap of $30.80 billion, a PE ratio of 14.60 and a beta of 1.03. The firm has a 50 day moving average price of $38.11 and a 200-day moving average price of $36.17. 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 issued its quarterly earnings results on Thursday, July 21st. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. BB&T Corp. had a net margin of 20.11% and a return on equity of 9.12%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year.

In other BB&T Corp. news, Chairman Kelly S. King sold 162,415 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $38.25, for a total transaction of $6,212,373.75. Following the completion of the sale, the chairman now owns 448,391 shares in the company, valued at approximately $17,150,955.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director I. Patricia Henry sold 1,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $38.13, for a total transaction of $38,130.00. Following the sale, the director now owns 8,090 shares of the company’s stock, valued at approximately $308,471.70. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. WFG Advisors LP raised its stake 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 period. Integrated Investment Consultants LLC raised its stake in BB&T Corp. by 13.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,989 shares of the company’s stock valued at $106,000 after buying an additional 344 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in BB&T Corp. during the second quarter valued at about $110,000. First Personal Financial Services raised its stake in BB&T Corp. by 13.6% in the second quarter. First Personal Financial Services now owns 3,168 shares of the company’s stock valued at $113,000 after buying an additional 380 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in 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 valued at $113,000 after buying an additional 1,713 shares during the last quarter. Institutional investors and hedge funds own 63.04% of the company’s stock.

About BB&T Corp.

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