BB&T Corporation (NYSE:BBT)‘s stock had its “hold” rating restated by equities research analysts at Robert W. Baird in a research note issued to investors on Friday. They currently have a $45.00 price target on the insurance provider’s stock. Robert W. Baird’s price target points to a potential downside of 2.49% from the stock’s previous close.

Several other brokerages also recently commented on BBT. BidaskClub downgraded BB&T Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company began coverage on BB&T Corporation in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $44.00 price objective on the stock. Macquarie upgraded BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price objective on the stock in a research report on Friday, August 4th. BMO Capital Markets restated a “hold” rating and issued a $49.00 price objective on shares of BB&T Corporation in a research report on Friday, July 21st. Finally, Hilliard Lyons downgraded BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. BB&T Corporation currently has an average rating of “Hold” and a consensus target price of $47.06.

BB&T Corporation (BBT) traded down 0.02% on Friday, reaching $46.14. The company’s stock had a trading volume of 1,213,052 shares. BB&T Corporation has a 12 month low of $36.80 and a 12 month high of $49.88. The firm has a market cap of $37.29 billion, a price-to-earnings ratio of 17.22 and a beta of 1.07. The firm has a 50 day moving average of $46.47 and a 200 day moving average of $45.21.

BB&T Corporation (NYSE:BBT) last released its earnings results on Thursday, July 20th. The insurance provider reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.89 billion. BB&T Corporation had a return on equity of 9.62% and a net margin of 19.57%. BB&T Corporation’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. Analysts anticipate that BB&T Corporation will post $2.84 earnings per share for the current year.

BB&T Corporation announced that its board has authorized a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $1.88 billion in shares. This buyback authorization authorizes the insurance provider to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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In other BB&T Corporation news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $47.19, for a total transaction of $865,606.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Hudson Weaver sold 8,752 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.91, for a total value of $410,556.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,610 shares of company stock valued at $2,618,364. 0.36% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of BBT. Miller Howard Investments Inc. NY increased its position in shares of BB&T Corporation by 35.2% in the first quarter. Miller Howard Investments Inc. NY now owns 2,156,378 shares of the insurance provider’s stock worth $96,390,000 after buying an additional 561,475 shares during the last quarter. Asset Advisors Corp increased its stake in shares of BB&T Corporation by 20.2% in the first quarter. Asset Advisors Corp now owns 90,089 shares of the insurance provider’s stock valued at $4,027,000 after buying an additional 15,111 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of BB&T Corporation by 28.0% in the first quarter. Russell Investments Group Ltd. now owns 464,297 shares of the insurance provider’s stock valued at $20,759,000 after buying an additional 101,504 shares in the last quarter. Oakwood Capital Management LLC CA increased its stake in shares of BB&T Corporation by 0.7% in the first quarter. Oakwood Capital Management LLC CA now owns 140,319 shares of the insurance provider’s stock valued at $6,272,000 after buying an additional 945 shares in the last quarter. Finally, Parsec Financial Management Inc. increased its stake in shares of BB&T Corporation by 2.7% in the first quarter. Parsec Financial Management Inc. now owns 18,060 shares of the insurance provider’s stock valued at $807,000 after buying an additional 475 shares in the last quarter. 64.30% of the stock is currently owned by institutional investors and hedge funds.

BB&T Corporation Company Profile

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.

Analyst Recommendations for BB&T Corporation (NYSE:BBT)

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