BB&T Corporation (BBT) Getting Somewhat Positive Media Coverage, Study Finds
Press coverage about BB&T Corporation (NYSE:BBT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. BB&T Corporation earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 45.7670450570965 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Bollinger Bands Signal Check on BB&T Corp (BBT) – Wall Street Review (thewallstreetreview.com)
- BB&T Corporation (NYSE:BBT) Short Interest increased by 10.39% – Shares Trading Up – Modern Readers (modernreaders.com)
- Brunswick Corporation (NYSE:BC) Closed Below Its 50 Day Moving Average (highlightpress.com)
- BB&T donates $100,000 to Harvey relief efforts (bizjournals.com)
- Wall Street Analyst Actions To Watch: Acadia Realty Trust (AKR), Intel Corporation (vothemes.com)
Shares of BB&T Corporation (BBT) traded up 0.50% on Wednesday, reaching $46.30. The company had a trading volume of 4,387,524 shares. The stock’s 50 day moving average is $46.47 and its 200 day moving average is $45.21. BB&T Corporation has a 52 week low of $36.80 and a 52 week high of $49.88. The firm has a market capitalization of $37.41 billion, a price-to-earnings ratio of 17.28 and a beta of 1.07.
BB&T Corporation (NYSE:BBT) last issued its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that BB&T Corporation will post $2.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a $0.33 dividend. This is a positive change from BB&T Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, August 9th. BB&T Corporation’s dividend payout ratio is currently 49.25%.
BB&T Corporation declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 28th that authorizes the company to repurchase $1.88 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
Several research firms recently issued reports on BBT. BidaskClub raised BB&T Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Wells Fargo & Co began coverage on BB&T Corporation in a research note on Wednesday, August 9th. They set a “market perform” rating and a $44.00 price objective for the company. Macquarie raised BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price objective for the company in a research note on Friday, August 4th. Robert W. Baird reissued a “hold” rating and set a $45.00 price objective on shares of BB&T Corporation in a research note on Friday, August 25th. Finally, BMO Capital Markets reissued a “hold” rating and set a $49.00 price objective on shares of BB&T Corporation in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $47.06.
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In other BB&T Corporation news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were 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 SEC, which can be accessed through the SEC website. Also, EVP William Rufus Yates sold 28,515 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the sale, the executive vice president now owns 34,887 shares in the company, valued at $1,642,131.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,610 shares of company stock worth $2,618,364. Company insiders own 0.36% of the company’s stock.
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.
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