Press coverage about BB&T (NYSE:BBT) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BB&T earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 46.7475227312846 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Dapper robber targets BB&T Bank branch in Deerfield Beach (local10.com)
- BB&T receives 24 Greenwich Excellence Awards for small business and middle market banking (bizjournals.com)
- Zacks: Brokerages Anticipate BB&T Co. (BBT) Will Announce Quarterly Sales of $2.84 Billion (americanbankingnews.com)
- BB&T (BBT) Upgraded to “Outperform” by BMO Capital Markets (americanbankingnews.com)
- Zacks: Brokerages Anticipate BB&T Co. (BBT) to Post $0.92 Earnings Per Share (americanbankingnews.com)
A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of BB&T from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Oppenheimer reiterated a “hold” rating on shares of BB&T in a research note on Thursday, January 18th. UBS Group upgraded shares of BB&T from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 9th. JPMorgan Chase & Co. lifted their price target on shares of BB&T from $48.50 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, SunTrust Banks reissued a “buy” rating and issued a $52.00 price objective on shares of BB&T in a report on Friday, October 20th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. BB&T presently has a consensus rating of “Hold” and an average price target of $53.52.
Shares of BB&T (NYSE:BBT) opened at $53.00 on Tuesday. BB&T has a 1 year low of $41.17 and a 1 year high of $55.99. The stock has a market cap of $40,992.75, a P/E ratio of 16.69, a PEG ratio of 1.34 and a beta of 1.06. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.89.
BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. BB&T had a net margin of 19.25% and a return on equity of 9.93%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. BB&T’s quarterly revenue was up 3.6% on a year-over-year basis. sell-side analysts expect that BB&T will post 3.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, February 8th. BB&T’s dividend payout ratio is presently 48.18%.
In related news, Director Nido R. Qubein sold 21,025 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $54.50, for a total value of $1,145,862.50. Following the completion of the sale, the director now directly owns 59,513 shares of the company’s stock, valued at $3,243,458.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Donna C. Goodrich sold 10,799 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $46.77, for a total transaction of $505,069.23. Following the completion of the sale, the insider now directly owns 47,182 shares of the company’s stock, valued at $2,206,702.14. The disclosure for this sale can be found here. Insiders have sold 152,923 shares of company stock valued at $8,274,322 over the last three months. Insiders own 0.36% of the company’s stock.
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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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