BB&T Corporation (NYSE:BBT) was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report issued on Thursday.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a research note on Friday, July 21st. BidaskClub raised shares of BB&T Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Hilliard Lyons downgraded shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research note on Friday, July 21st. Wells Fargo & Company assumed coverage on shares of BB&T Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $44.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.43.

BB&T Corporation (BBT) opened at 46.37 on Thursday. The company has a 50-day moving average of $45.58 and a 200-day moving average of $44.74. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 17.31 and a beta of 1.07. BB&T Corporation has a 1-year low of $37.40 and a 1-year high of $49.88.

BB&T Corporation (NYSE:BBT) last issued its earnings results on Thursday, July 20th. The insurance provider reported $0.77 EPS for the quarter, meeting the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts predict that BB&T Corporation will post $2.81 earnings per share for the current year.

BB&T Corporation declared that its Board of Directors has approved a stock buyback program on Wednesday, June 28th that allows the company to buyback $1.88 billion in shares. This buyback authorization allows the insurance provider to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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In related news, EVP William Rufus Yates sold 28,515 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the completion of the transaction, the executive vice president now owns 34,887 shares in the company, valued at $1,642,131.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Hudson Weaver sold 8,752 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.91, for a total transaction of $410,556.32. The disclosure for this sale can be found here. Insiders have sold 55,610 shares of company stock valued at $2,618,364 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BBT. Waldron LP raised its position in BB&T Corporation by 152.5% during the first quarter. Waldron LP now owns 17,170 shares of the insurance provider’s stock worth $689,000 after acquiring an additional 10,370 shares in the last quarter. Pettyjohn Wood & White Inc. raised its position in BB&T Corporation by 4.4% during the first quarter. Pettyjohn Wood & White Inc. now owns 91,069 shares of the insurance provider’s stock worth $4,071,000 after acquiring an additional 3,807 shares in the last quarter. Commerce Bank raised its position in BB&T Corporation by 6.9% during the first quarter. Commerce Bank now owns 478,821 shares of the insurance provider’s stock worth $21,403,000 after acquiring an additional 30,923 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in BB&T Corporation by 28.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 59,966 shares of the insurance provider’s stock worth $2,680,000 after acquiring an additional 13,451 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in BB&T Corporation by 40.2% during the first quarter. Toronto Dominion Bank now owns 237,316 shares of the insurance provider’s stock worth $10,609,000 after acquiring an additional 68,080 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

About BB&T Corporation

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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