BB&T (NYSE:BBT) announced its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04, Bloomberg Earnings reports. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.86 billion. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS.
BB&T (NYSE BBT) traded up $1.35 on Friday, reaching $52.42. The company’s stock had a trading volume of 7,490,000 shares, compared to its average volume of 4,440,000. The firm has a market capitalization of $41,360.00, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 1.34 and a beta of 1.06. BB&T has a 52 week low of $41.17 and a 52 week high of $55.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.87.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Thursday, February 8th. BB&T’s dividend payout ratio (DPR) is presently 48.18%.
In other BB&T news, Director Nido R. Qubein sold 21,025 shares of BB&T stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $54.50, for a total transaction of $1,145,862.50. Following the transaction, the director now owns 59,513 shares of the company’s stock, valued at $3,243,458.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Donna C. Goodrich sold 10,799 shares of BB&T stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $46.77, for a total value of $505,069.23. Following the transaction, the insider now directly owns 47,182 shares in the company, valued at approximately $2,206,702.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,923 shares of company stock worth $8,274,322. 0.36% of the stock is currently owned by corporate insiders.
Several equities analysts have recently issued reports on BBT shares. SunTrust Banks reiterated a “buy” rating and issued a $52.00 price objective on shares of BB&T in a research note on Friday, October 20th. Oppenheimer reiterated a “hold” rating on shares of BB&T in a research note on Friday, October 20th. FBR & Co set a $48.00 price objective on BB&T and gave the company a “hold” rating in a research note on Friday, October 20th. 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. Finally, BMO Capital Markets lifted their price objective on BB&T from $48.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. BB&T has an average rating of “Hold” and a consensus target price of $53.52.
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BB&T 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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