BB&T Co. (BBT) Director Sells $1,145,862.50 in Stock

BB&T Co. (NYSE:BBT) Director Nido R. Qubein sold 21,025 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $54.50, for a total value of $1,145,862.50. Following the completion of the transaction, the director now directly owns 59,513 shares in the company, valued at approximately $3,243,458.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of BB&T Co. (NYSE:BBT) traded down $0.02 during mid-day trading on Thursday, reaching $54.72. The company had a trading volume of 2,503,721 shares, compared to its average volume of 4,382,886. BB&T Co. has a 1 year low of $41.17 and a 1 year high of $55.99. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.89. The stock has a market cap of $41,704.38, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.06.

BB&T (NYSE:BBT) last posted its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.86 billion. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. sell-side analysts predict that BB&T Co. will post 3.89 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $1.32 annualized dividend and a yield of 2.41%. BB&T’s payout ratio is presently 48.18%.

Several equities analysts have weighed in on BBT shares. Zacks Investment Research cut BB&T from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Citigroup upgraded BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Tuesday, January 9th. Morgan Stanley lifted their target price on BB&T from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and issued a $52.00 target price on shares of BB&T in a report on Friday, October 20th. Finally, Raymond James Financial upgraded BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 9th. Fifteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $53.52.

A number of institutional investors have recently bought and sold shares of the business. Delpha Capital Management LLC acquired a new position in shares of BB&T in the 4th quarter valued at about $106,000. Kistler Tiffany Companies LLC lifted its holdings in shares of BB&T by 102.6% in the 4th quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock valued at $117,000 after buying an additional 1,193 shares during the period. Shamrock Asset Management LLC acquired a new position in shares of BB&T in the 4th quarter valued at about $123,000. Cerebellum GP LLC acquired a new position in shares of BB&T in the 4th quarter valued at about $123,000. Finally, Front Row Advisors LLC acquired a new position in shares of BB&T in the 4th quarter valued at about $142,000. Institutional investors and hedge funds own 65.89% 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.

Insider Buying and Selling by Quarter for BB&T (NYSE:BBT)

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