BB&T Co. (NYSE:BBT) has been given an average recommendation of “Hold” by the twenty-one research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $49.67.
A number of research analysts have issued reports on BBT shares. Zacks Investment Research cut BB&T from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Morgan Stanley lifted their price objective on BB&T from $47.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, October 20th. Citigroup reiterated a “neutral” rating and set a $49.00 price objective (up previously from $47.00) on shares of BB&T in a research note on Monday, October 9th. SunTrust Banks reiterated a “buy” rating and set a $52.00 price objective on shares of BB&T in a research note on Friday, October 20th. Finally, Stephens upgraded BB&T from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research note on Thursday, October 5th.
In related news, Chairman Kelly S. King sold 66,372 shares of BB&T stock in a transaction on Friday, October 20th. The stock was sold at an average price of $47.53, for a total value of $3,154,661.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Donta L. Wilson sold 4,250 shares of BB&T stock in a transaction on Friday, October 20th. The stock was sold at an average price of $47.51, for a total value of $201,917.50. The disclosure for this sale can be found here. Insiders sold 182,150 shares of company stock valued at $8,712,859 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. First Merchants Corp grew its holdings in BB&T by 9.1% during the third quarter. First Merchants Corp now owns 80,743 shares of the insurance provider’s stock valued at $3,790,000 after purchasing an additional 6,753 shares during the period. Shelter Mutual Insurance Co grew its holdings in BB&T by 145.5% during the second quarter. Shelter Mutual Insurance Co now owns 84,200 shares of the insurance provider’s stock valued at $3,823,000 after purchasing an additional 49,900 shares during the period. Pacer Advisors Inc. grew its holdings in BB&T by 8.3% during the second quarter. Pacer Advisors Inc. now owns 18,866 shares of the insurance provider’s stock valued at $857,000 after purchasing an additional 1,450 shares during the period. Motco grew its holdings in BB&T by 2.0% during the second quarter. Motco now owns 71,991 shares of the insurance provider’s stock valued at $3,269,000 after purchasing an additional 1,386 shares during the period. Finally, Newman Dignan & Sheerar Inc. grew its holdings in BB&T by 11.1% during the second quarter. Newman Dignan & Sheerar Inc. now owns 22,146 shares of the insurance provider’s stock valued at $1,006,000 after purchasing an additional 2,212 shares during the period. 65.28% of the stock is owned by institutional investors.
BB&T (NYSE:BBT) opened at $49.84 on Thursday. The company has a market capitalization of $39,469.72, a P/E ratio of 16.51, a PEG ratio of 2.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85. BB&T has a one year low of $41.17 and a one year high of $51.11.
BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.78. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. BB&T had a return on equity of 9.64% and a net margin of 19.42%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. analysts expect that BB&T will post 3.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, November 9th. BB&T’s payout ratio is currently 49.07%.
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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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