BB&T Corp. (NYSE:BBT) insider Cynthia B. Powell sold 9,012 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $42.21, for a total transaction of $380,396.52. Following the completion of the sale, the insider now directly owns 20,428 shares in the company, valued at approximately $862,265.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BB&T Corp. (NYSE:BBT) opened at 44.01 on Friday. BB&T Corp. has a 52-week low of $29.95 and a 52-week high of $44.11. The company has a market capitalization of $35.71 billion, a P/E ratio of 16.35 and a beta of 1.02. The stock’s 50 day moving average is $39.32 and its 200-day moving average is $37.16.

BB&T Corp. (NYSE:BBT) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. BB&T Corp. had a net margin of 20.54% and a return on equity of 9.45%. The company earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the company posted $0.70 EPS. BB&T Corp.’s revenue was up 13.1% on a year-over-year basis. Analysts predict that BB&T Corp. will post $2.77 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for BB&T Corp. (NYSE:BBT)

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. BB&T Corp.’s dividend payout ratio (DPR) is currently 44.44%.

A number of hedge funds and other institutional investors have recently modified their holdings of BBT. Lebenthal Asset Management LLC acquired a new position in shares of BB&T Corp. during the first quarter worth about $3,787,000. First Republic Investment Management Inc. boosted its position in shares of BB&T Corp. by 157.3% in the first quarter. First Republic Investment Management Inc. now owns 19,824 shares of the company’s stock worth $659,000 after buying an additional 12,118 shares during the period. Clear Harbor Asset Management LLC acquired a new position in shares of BB&T Corp. during the first quarter worth about $253,000. Avalon Advisors LLC boosted its position in shares of BB&T Corp. by 20.5% in the first quarter. Avalon Advisors LLC now owns 310,641 shares of the company’s stock worth $10,335,000 after buying an additional 52,787 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of BB&T Corp. by 7.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,586 shares of the company’s stock worth $986,000 after buying an additional 2,144 shares during the period. 63.81% of the stock is owned by institutional investors.

Several analysts recently weighed in on the stock. FBR & Co set a $40.00 price objective on shares of BB&T Corp. and gave the stock a “hold” rating in a research note on Thursday, October 20th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $37.00 price objective on shares of BB&T Corp. in a research note on Wednesday, October 19th. Morgan Stanley reissued a “hold” rating and issued a $37.00 price objective on shares of BB&T Corp. in a research note on Friday, August 5th. Barclays PLC reissued a “hold” rating and issued a $40.00 price objective on shares of BB&T Corp. in a research note on Tuesday, October 11th. Finally, Credit Suisse Group AG set a $42.00 price objective on shares of BB&T Corp. and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $39.79.

BB&T Corp. Company Profile

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