BB&T Corp. (NYSE:BBT) – Investment analysts at Jefferies Group cut their Q3 2016 earnings estimates for BB&T Corp. in a research report issued on Tuesday. Jefferies Group analyst K. Usdin now expects that the firm will earn $0.72 per share for the quarter, down from their prior forecast of $0.73. Jefferies Group also issued estimates for BB&T Corp.’s Q4 2016 earnings at $0.74 EPS and FY2016 earnings at $2.79 EPS.

A number of other analysts also recently weighed in on BBT. Wells Fargo & Co. reiterated a “buy” rating on shares of BB&T Corp. in a report on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating on shares of BB&T Corp. in a report on Sunday, June 26th. Credit Suisse Group AG reiterated a “buy” rating on shares of BB&T Corp. in a report on Tuesday, July 12th. Barclays PLC reiterated a “hold” rating and set a $40.00 price target on shares of BB&T Corp. in a report on Tuesday. Finally, Morgan Stanley reiterated a “hold” rating and set a $37.00 price target on shares of BB&T Corp. in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $39.41.

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

Shares of BB&T Corp. (NYSE:BBT) opened at 37.89 on Friday. The company’s 50-day moving average price is $38.12 and its 200 day moving average price is $36.21. The company has a market cap of $30.86 billion, a price-to-earnings ratio of 14.62 and a beta of 1.03. BB&T Corp. has a 12-month low of $29.95 and a 12-month high of $39.47.

BB&T Corp. (NYSE:BBT) last released its earnings results on Thursday, July 21st. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. BB&T Corp. had a return on equity of 9.12% and a net margin of 20.11%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. BB&T Corp.’s revenue was up 17.7% on a year-over-year basis.

In related news, Director I. Patricia Henry sold 1,000 shares of BB&T Corp. stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $38.13, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider W Bennett Bradley sold 5,000 shares of BB&T Corp. stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $38.11, for a total transaction of $190,550.00. Following the completion of the sale, the insider now directly owns 16,644 shares in the company, valued at approximately $634,302.84. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of BBT. Simmons Bank bought a new stake in BB&T Corp. during the first quarter worth approximately $255,000. Geode Capital Management LLC boosted 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 worth $208,513,000 after buying an additional 83,167 shares during the period. Cleararc Capital Inc. boosted its stake in BB&T Corp. by 0.4% in the first quarter. Cleararc Capital Inc. now owns 28,325 shares of the company’s stock worth $942,000 after buying an additional 106 shares during the period. Weiss Asset Management LP bought a new stake in BB&T Corp. during the first quarter worth approximately $3,132,000. Finally, Quadrature Capital Ltd bought a new stake in BB&T Corp. during the first quarter worth approximately $1,038,000. 63.04% of the stock is currently owned by institutional investors.

BB&T Corp. Company Profile

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