FBR & Co Weighs in on BB&T Corp.’s Q1 2017 Earnings (BBT)
BB&T Corp. (NYSE:BBT) – Research analysts at FBR & Co lowered their Q1 2017 earnings estimates for shares of BB&T Corp. in a report released on Monday. FBR & Co analyst S. Moss now anticipates that the brokerage will post earnings per share of $0.75 for the quarter, down from their previous forecast of $0.76. FBR & Co has a “Market Perform” rating and a $40.00 price objective on the stock. FBR & Co also issued estimates for BB&T Corp.’s Q2 2017 earnings at $0.78 EPS, Q3 2017 earnings at $0.74 EPS, Q4 2017 earnings at $0.78 EPS, FY2017 earnings at $3.05 EPS, Q3 2018 earnings at $0.78 EPS and FY2018 earnings at $3.22 EPS.
BB&T Corp. (NYSE:BBT) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm earned $2.79 billion during the quarter, compared to analysts’ expectations of $2.73 billion. BB&T Corp. had a return on equity of 9.12% and a net margin of 20.11%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS.
Other equities analysts also recently issued research reports about the company. Wells Fargo & Co. reiterated a “buy” rating on shares of BB&T Corp. in a research report on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating on shares of BB&T Corp. in a research report on Sunday, June 26th. Citigroup Inc. reissued a “buy” rating on shares of BB&T Corp. in a research note on Tuesday, July 12th. Vetr raised BB&T Corp. from a “buy” rating to a “strong-buy” rating and set a $39.62 target price for the company in a research note on Monday, June 27th. Finally, BMO Capital Markets reissued a “buy” rating and set a $40.00 target price on shares of BB&T Corp. in a research note on Friday, July 22nd. Two research 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 stock currently has an average rating of “Hold” and an average target price of $39.41.
Shares of BB&T Corp. (NYSE:BBT) traded down 2.30% during midday trading on Thursday, hitting $37.82. The company had a trading volume of 3,235,195 shares. BB&T Corp. has a 12 month low of $29.95 and a 12 month high of $39.47. The firm has a market capitalization of $30.80 billion, a PE ratio of 14.60 and a beta of 1.03. The company has a 50-day moving average of $38.11 and a 200 day moving average of $36.17.
In other news, Director K. David Jr. Boyer sold 2,448 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $37.83, for a total value of $92,607.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director I. Patricia Henry sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $38.13, for a total value of $38,130.00. Following the completion of the sale, the director now directly owns 8,090 shares of the company’s stock, valued at $308,471.70. The disclosure for this sale can be found here. 0.88% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in BB&T Corp. by 1.3% in the first quarter. Geode Capital Management LLC now owns 6,280,088 shares of the company’s stock valued at $208,513,000 after buying an additional 83,167 shares during the last quarter. Cleararc Capital Inc. boosted its position in shares of BB&T Corp. by 0.4% in the first quarter. Cleararc Capital Inc. now owns 28,325 shares of the company’s stock valued at $942,000 after buying an additional 106 shares during the period. Weiss Asset Management LP bought a new position in shares of BB&T Corp. during the first quarter valued at about $3,132,000. Quadrature Capital Ltd bought a new position in shares of BB&T Corp. during the first quarter valued at about $1,038,000. Finally, Smith & Howard Wealth Management LLC boosted its position in shares of BB&T Corp. by 17.6% in the first quarter. Smith & Howard Wealth Management LLC now owns 6,634 shares of the company’s stock valued at $221,000 after buying an additional 992 shares during the period. 63.04% of the stock is owned by institutional investors and hedge funds.
BB&T Corp. Company Profile
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