BB&T Co. (NYSE:BBT) – Investment analysts at Jefferies Financial Group dropped their Q1 2019 earnings per share (EPS) estimates for shares of BB&T in a report issued on Tuesday, January 8th. Jefferies Financial Group analyst K. Usdin now expects that the insurance provider will earn $1.05 per share for the quarter, down from their previous forecast of $1.07. Jefferies Financial Group also issued estimates for BB&T’s Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.11 EPS, FY2019 earnings at $4.30 EPS and FY2020 earnings at $4.45 EPS.

BB&T (NYSE:BBT) last released its earnings results on Thursday, October 18th. The insurance provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. BB&T had a net margin of 23.52% and a return on equity of 11.66%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Other equities analysts have also issued research reports about the stock. ValuEngine lowered shares of BB&T from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Zacks Investment Research lowered shares of BB&T from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. B. Riley set a $56.00 price target on shares of BB&T and gave the stock a “buy” rating in a research report on Monday, October 15th. Finally, BMO Capital Markets lowered their price target on shares of BB&T from $58.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $54.64.

BB&T stock opened at $45.61 on Friday. The stock has a market cap of $35.56 billion, a PE ratio of 14.53, a PEG ratio of 1.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. BB&T has a one year low of $40.68 and a one year high of $56.31.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of BB&T by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 59,282,776 shares of the insurance provider’s stock valued at $2,877,586,000 after purchasing an additional 939,154 shares during the period. Vanguard Group Inc increased its holdings in shares of BB&T by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 59,282,776 shares of the insurance provider’s stock valued at $2,877,586,000 after purchasing an additional 939,154 shares during the period. BlackRock Inc. increased its holdings in shares of BB&T by 0.3% in the 3rd quarter. BlackRock Inc. now owns 49,492,995 shares of the insurance provider’s stock valued at $2,402,389,000 after purchasing an additional 144,773 shares during the period. Macquarie Group Ltd. increased its holdings in shares of BB&T by 6.8% in the 3rd quarter. Macquarie Group Ltd. now owns 14,406,134 shares of the insurance provider’s stock valued at $699,273,000 after purchasing an additional 920,792 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of BB&T by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,461,296 shares of the insurance provider’s stock valued at $527,666,000 after purchasing an additional 547,692 shares during the period. 63.98% of the stock is owned by institutional investors.

In other news, Director Patrick C. Graney III acquired 4,200 shares of BB&T stock in a transaction on Thursday, December 6th. The stock was bought at an average cost of $47.56 per share, with a total value of $199,752.00. Following the completion of the purchase, the director now owns 4,200 shares of the company’s stock, valued at $199,752. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director I. Patricia Henry sold 611 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $49.50, for a total transaction of $30,244.50. Following the sale, the director now directly owns 4,375 shares of the company’s stock, valued at $216,562.50. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.

BB&T Company Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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Earnings History and Estimates for BB&T (NYSE:BBT)

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