BB&T Corp. (BBT) Given Average Rating of “Hold” by Brokerages
BB&T Corp. (NYSE:BBT) has earned a consensus recommendation of “Hold” from the twenty-six ratings firms that are covering the company. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $38.99.
Several research analysts have weighed in on BBT shares. Stephens cut BB&T Corp. from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 22nd. FBR & Co reissued a “buy” rating and issued a $45.00 price objective on shares of BB&T Corp. in a research report on Friday, July 22nd. BMO Capital Markets restated a “buy” rating and issued a $40.00 target price on shares of BB&T Corp. in a research note on Friday, July 22nd. Morgan Stanley restated a “hold” rating and issued a $37.00 target price on shares of BB&T Corp. in a research note on Friday, August 5th. Finally, Credit Suisse Group AG set a $42.00 target price on BB&T Corp. and gave the company a “buy” rating in a research note on Wednesday, September 14th.
Shares of BB&T Corp. (NYSE:BBT) opened at 41.85 on Monday. The firm has a market capitalization of $33.96 billion, a price-to-earnings ratio of 15.55 and a beta of 1.02. BB&T Corp. has a 1-year low of $29.95 and a 1-year high of $42.12. The company has a 50-day moving average price of $38.69 and a 200 day moving average price of $36.96.
BB&T Corp. (NYSE:BBT) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.05. BB&T Corp. had a return on equity of 9.45% and a net margin of 20.54%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. On average, equities research analysts predict that BB&T Corp. will post $2.78 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, November 8th. BB&T Corp.’s dividend payout ratio is presently 44.44%.
In related news, Chairman Kelly S. King sold 162,415 shares of the stock in a transaction dated Tuesday, August 30th. The stock was 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 directly 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 available at this hyperlink. Also, CFO Daryl N. Bible sold 44,293 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $38.09, for a total value of $1,687,120.37. Following the sale, the chief financial officer now owns 118,639 shares of the company’s stock, valued at $4,518,959.51. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.
Large investors have recently modified their holdings of the stock. FTB Advisors Inc. boosted its stake in shares of BB&T Corp. by 18.4% in the third quarter. FTB Advisors Inc. now owns 2,788 shares of the company’s stock valued at $105,000 after buying an additional 434 shares in the last quarter. WFG Advisors LP boosted 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 valued at $101,000 after buying an additional 1,623 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of 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 in the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in BB&T Corp. during the second quarter worth approximately $110,000. Finally, First Personal Financial Services raised its position 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 worth $113,000 after buying an additional 380 shares during the last quarter. Institutional investors own 62.97% of the company’s stock.
BB&T Corp. Company Profile
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