ValuEngine downgraded shares of BB&T (NYSE:BBT) from a hold rating to a sell rating in a research report released on Thursday.

Several other brokerages have also recently commented on BBT. Stephens cut shares of BB&T from an overweight rating to an equal weight rating in a research report on Wednesday, March 6th. Bank of America upgraded shares of BB&T from a neutral rating to a buy rating and set a $50.46 target price for the company in a research report on Friday, February 8th. BMO Capital Markets upped their target price on shares of BB&T from $52.00 to $56.00 and gave the company an outperform rating in a research report on Monday, February 11th. FIG Partners upgraded shares of BB&T from a market perform rating to an outperform rating and set a $60.00 target price for the company in a research report on Friday, February 8th. Finally, Odeon Capital Group began coverage on shares of BB&T in a research report on Friday, March 8th. They set a buy rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $53.96.

Shares of BB&T stock opened at $45.09 on Thursday. The firm has a market cap of $34.44 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. BB&T has a 52 week low of $40.68 and a 52 week high of $56.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.89 and a quick ratio of 0.88.

BB&T (NYSE:BBT) last issued its earnings results on Thursday, January 17th. The insurance provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.04 by $0.01. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.98 billion. BB&T had a net margin of 24.15% and a return on equity of 12.13%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, sell-side analysts forecast that BB&T will post 4.3 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 13th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Tuesday, February 12th. BB&T’s dividend payout ratio (DPR) is 40.00%.

In related news, Director K. David Jr. Boyer sold 2,289 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $51.57, for a total value of $118,043.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick C. Graney III bought 3,890 shares of BB&T stock in a transaction that occurred on Thursday, February 28th. The stock was bought at an average cost of $51.04 per share, with a total value of $198,545.60. Following the completion of the purchase, the director now owns 11,456 shares in the company, valued at approximately $584,714.24. The disclosure for this purchase can be found here. 0.51% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BBT. Abacus Planning Group Inc. lifted its position in BB&T by 3.8% during the 4th quarter. Abacus Planning Group Inc. now owns 5,614 shares of the insurance provider’s stock worth $243,000 after buying an additional 208 shares in the last quarter. Wellington Shields Capital Management LLC lifted its position in BB&T by 3.3% during the 4th quarter. Wellington Shields Capital Management LLC now owns 6,970 shares of the insurance provider’s stock worth $302,000 after buying an additional 220 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in BB&T by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,505 shares of the insurance provider’s stock worth $585,000 after buying an additional 231 shares in the last quarter. IHT Wealth Management LLC lifted its position in BB&T by 3.2% during the 4th quarter. IHT Wealth Management LLC now owns 7,501 shares of the insurance provider’s stock worth $325,000 after buying an additional 234 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in BB&T by 2.0% during the 4th quarter. Van ECK Associates Corp now owns 12,400 shares of the insurance provider’s stock worth $537,000 after buying an additional 238 shares in the last quarter. 64.13% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for BB&T (NYSE:BBT)

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