BB&T Corporation (NYSE:BBT) EVP W Bennett Bradley sold 7,762 shares of BB&T Corporation stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $48.16, for a total value of $373,817.92. Following the completion of the transaction, the executive vice president now owns 24,341 shares of the company’s stock, valued at $1,172,262.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
BB&T Corporation (NYSE:BBT) opened at $46.84 on Wednesday. BB&T Corporation has a one year low of $41.17 and a one year high of $49.91. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The firm has a market cap of $36,676.94, a price-to-earnings ratio of 15.34, a PEG ratio of 2.14 and a beta of 1.00.
BB&T Corporation (NYSE:BBT) last issued its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.78. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. BB&T Corporation had a net margin of 19.42% and a return on equity of 9.64%. BB&T Corporation’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. research analysts predict that BB&T Corporation will post 3.1 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, November 9th. BB&T Corporation’s dividend payout ratio is presently 49.07%.
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Large investors have recently modified their holdings of the stock. Archford Capital Strategies LLC boosted its holdings in BB&T Corporation by 199.9% in the second quarter. Archford Capital Strategies LLC now owns 2,249 shares of the insurance provider’s stock worth $191,000 after purchasing an additional 1,499 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in BB&T Corporation during the second quarter valued at about $111,000. Community Bank N.A. boosted its holdings in BB&T Corporation by 6.2% during the second quarter. Community Bank N.A. now owns 2,474 shares of the insurance provider’s stock valued at $112,000 after acquiring an additional 144 shares during the period. Liberty Capital Management Inc. bought a new stake in BB&T Corporation during the second quarter valued at about $136,000. Finally, Highstreet Asset Management Inc. boosted its holdings in BB&T Corporation by 105.3% during the third quarter. Highstreet Asset Management Inc. now owns 3,053 shares of the insurance provider’s stock valued at $143,000 after acquiring an additional 1,566 shares during the period. Hedge funds and other institutional investors own 65.64% of the company’s stock.
A number of equities analysts have commented on BBT shares. SunTrust Banks, Inc. restated a “buy” rating and issued a $52.00 target price on shares of BB&T Corporation in a research note on Friday, October 20th. BidaskClub upgraded BB&T Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $50.00 price objective on shares of BB&T Corporation in a research report on Friday, October 20th. BMO Capital Markets reiterated a “hold” rating and set a $49.00 price objective on shares of BB&T Corporation in a research report on Friday, July 21st. Finally, Hilliard Lyons downgraded BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $49.17.
About BB&T Corporation
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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