BB&T Corp. (NYSE:BBT) will be announcing its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.70 per share and revenue of $2.77 billion for the quarter.

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, beating 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 firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the firm earned $0.69 EPS. The firm’s revenue was up 17.7% on a year-over-year basis. On average, analysts expect BB&T Corp. to post $2.76 EPS for the current fiscal year and $3.08 EPS for the next fiscal year.

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

BB&T Corp. (NYSE:BBT) opened at 37.89 on Monday. The company has a 50 day moving average price of $38.12 and a 200 day moving average price of $36.21. The firm has a market capitalization of $30.86 billion, a P/E ratio of 14.62 and a beta of 1.03. BB&T Corp. has a 52-week low of $29.95 and a 52-week high of $39.47.

Several brokerages have commented on BBT. Wells Fargo & Co. reissued a “buy” rating on shares of BB&T Corp. in a research report on Saturday, July 9th. Deutsche Bank AG reissued a “buy” rating on shares of BB&T Corp. in a research report on Sunday, June 26th. Credit Suisse Group AG reissued a “buy” rating on shares of BB&T Corp. in a research report on Tuesday, July 12th. Barclays PLC reissued a “hold” rating and issued a $40.00 price target on shares of BB&T Corp. in a research report on Tuesday, October 11th. Finally, Morgan Stanley reissued a “hold” rating and issued a $37.00 price target on shares of BB&T Corp. in a research report on Friday, August 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. BB&T Corp. presently has a consensus rating of “Hold” and an average price target of $39.41.

In related news, insider W Bennett Bradley sold 5,000 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $38.11, for a total transaction of $190,550.00. Following the sale, the insider now owns 16,644 shares of the company’s stock, valued at $634,302.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Barbara F. Duck sold 29,976 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $36.79, for a total transaction of $1,102,817.04. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Gardner Russo & Gardner LLC increased its stake in BB&T Corp. by 0.7% in the second quarter. Gardner Russo & Gardner LLC now owns 41,480 shares of the company’s stock worth $1,477,000 after buying an additional 289 shares in the last quarter. Bowen Hanes & Co. Inc. increased its stake in BB&T Corp. by 1.7% in the second quarter. Bowen Hanes & Co. Inc. now owns 26,750 shares of the company’s stock worth $953,000 after buying an additional 450 shares in the last quarter. Paradigm Asset Management Co. LLC increased its stake in BB&T Corp. by 13.8% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,100 shares of the company’s stock worth $146,000 after buying an additional 498 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in BB&T Corp. by 5.5% in the second quarter. Wetherby Asset Management Inc. now owns 10,249 shares of the company’s stock worth $365,000 after buying an additional 535 shares in the last quarter. Finally, National Asset Management Inc. increased its stake in BB&T Corp. by 10.4% in the second quarter. National Asset Management Inc. now owns 8,811 shares of the company’s stock worth $314,000 after buying an additional 832 shares in the last quarter. 63.04% of the stock is currently owned by hedge funds and other institutional investors.

BB&T Corp. Company Profile

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