BB&T Corp. (NYSE:BBT) – Stock analysts at Oppenheimer Holdings decreased their Q3 2016 earnings per share (EPS) estimates for shares of BB&T Corp. in a research note issued on Tuesday. Oppenheimer Holdings analyst B. Chittenden now anticipates that the brokerage will post earnings per share of $0.69 for the quarter, down from their prior forecast of $0.70. Oppenheimer Holdings also issued estimates for BB&T Corp.’s Q4 2016 earnings at $0.70 EPS, FY2016 earnings at $2.72 EPS and FY2017 earnings at $2.90 EPS.

BB&T Corp. (NYSE:BBT) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ 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 earned $2.79 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year.

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

A number of other equities research analysts have also issued reports on the company. Vetr upgraded 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. BMO Capital Markets restated an “outperform” rating and set a $40.00 price objective on shares of BB&T Corp. in a research note on Wednesday, July 6th. Credit Suisse Group AG restated a “buy” rating and set a $42.00 price objective on shares of BB&T Corp. in a research note on Wednesday, September 28th. Barclays PLC restated an “equal weight” rating and set a $40.00 price objective on shares of BB&T Corp. in a research note on Sunday, July 10th. Finally, Citigroup Inc. restated a “buy” rating on shares of BB&T Corp. in a research note on Tuesday, July 12th. Two equities 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 stock. The stock presently has an average rating of “Hold” and a consensus target price of $39.41.

Shares of BB&T Corp. (NYSE:BBT) opened at 37.89 on Thursday. BB&T Corp. has a 1-year low of $29.95 and a 1-year high of $39.47. The stock’s 50 day moving average price is $38.12 and its 200 day moving average price is $36.21. The stock has a market cap of $30.86 billion, a PE ratio of 14.62 and a beta of 1.03.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of BB&T Corp. by 7.0% in the second quarter. Vanguard Group Inc. now owns 49,616,129 shares of the company’s stock worth $1,766,830,000 after buying an additional 3,244,045 shares during the last quarter. State Street Corp boosted its position in shares of BB&T Corp. by 3.9% in the second quarter. State Street Corp now owns 35,285,952 shares of the company’s stock worth $1,256,536,000 after buying an additional 1,337,976 shares during the last quarter. Dodge & Cox boosted its position in shares of BB&T Corp. by 3.0% in the first quarter. Dodge & Cox now owns 24,736,302 shares of the company’s stock worth $822,977,000 after buying an additional 713,975 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of BB&T Corp. by 4.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 20,804,321 shares of the company’s stock worth $740,842,000 after buying an additional 841,468 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of BB&T Corp. by 6.9% in the second quarter. Macquarie Group Ltd. now owns 20,026,105 shares of the company’s stock worth $713,129,000 after buying an additional 1,289,115 shares during the last quarter. Institutional investors and hedge funds own 63.04% of the company’s stock.

In other news, Chairman Kelly S. King sold 162,415 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $38.25, for a total value of $6,212,373.75. Following the sale, the chairman now owns 448,391 shares of the company’s stock, valued at approximately $17,150,955.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director I. Patricia Henry sold 1,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 8,090 shares in the company, valued at approximately $308,471.70. The disclosure for this sale can be found here. 0.88% of the stock is owned by insiders.

About BB&T Corp.

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