BB&T Corp. (NYSE:BBT) was downgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Monday. They currently have a $42.00 price target on the stock. Morgan Stanley’s price target would suggest a potential downside of 2.28% from the stock’s previous close. The analysts noted that the move was a valuation call.

Other analysts have also issued research reports about the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $40.00 price objective on shares of BB&T Corp. in a research report on Friday, July 22nd. FBR & Co set a $40.00 price objective on shares of BB&T Corp. and gave the stock a “hold” rating in a research report on Thursday, October 20th. Stephens lowered shares of BB&T Corp. from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 22nd. Macquarie lowered shares of BB&T Corp. from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 20th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating on shares of BB&T Corp. in a research report on Wednesday, October 12th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.79.

Analyst Recommendations for BB&T Corp. (NYSE:BBT)

Shares of BB&T Corp. (NYSE:BBT) opened at 42.86 on Monday. BB&T Corp. has a 52-week low of $29.95 and a 52-week high of $43.16. The firm has a market cap of $34.78 billion, a price-to-earnings ratio of 15.93 and a beta of 1.02. The company’s 50 day moving average is $38.69 and its 200 day moving average is $36.96.

BB&T Corp. (NYSE:BBT) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.71 by $0.05. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. BB&T Corp. had a net margin of 20.54% and a return on equity of 9.45%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Analysts anticipate that BB&T Corp. will post $2.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.20 annualized dividend and a yield of 2.79%. BB&T Corp.’s dividend payout ratio (DPR) is presently 44.44%.

In other BB&T Corp. news, insider David Hudson Weaver sold 10,909 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $37.78, for a total value of $412,142.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daryl N. Bible sold 44,293 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $38.09, for a total transaction of $1,687,120.37. Following the completion of the transaction, 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. 0.88% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BBT. Atria Investments LLC raised its position in shares of BB&T Corp. by 0.6% in the third quarter. Atria Investments LLC now owns 7,632 shares of the company’s stock valued at $288,000 after buying an additional 44 shares during the last quarter. Alpha Windward LLC raised its position in shares of BB&T Corp. by 0.9% in the third quarter. Alpha Windward LLC now owns 5,319 shares of the company’s stock valued at $201,000 after buying an additional 45 shares during the last quarter. Capital Management Corp VA raised its position in shares of BB&T Corp. by 0.8% in the third quarter. Capital Management Corp VA now owns 6,451 shares of the company’s stock valued at $243,000 after buying an additional 51 shares during the last quarter. Capital Investment Advisors LLC raised its position in shares of BB&T Corp. by 0.3% in the second quarter. Capital Investment Advisors LLC now owns 19,847 shares of the company’s stock valued at $707,000 after buying an additional 53 shares during the last quarter. Finally, Canal Capital Management LLC raised its position in shares of BB&T Corp. by 0.7% in the third quarter. Canal Capital Management LLC now owns 7,494 shares of the company’s stock valued at $283,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 63.81% of the company’s stock.

About BB&T Corp.

5 Day Chart for NYSE:BBT

Receive News & Stock Ratings for BB&T Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T Corp. and related stocks with our FREE daily email newsletter.