Peoples Bank OH Reduces Holdings in BB&T Co. (NYSE:BBT)

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Peoples Bank OH decreased its position in BB&T Co. (NYSE:BBT) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,733 shares of the insurance provider’s stock after selling 460 shares during the period. Peoples Bank OH’s holdings in BB&T were worth $429,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC lifted its stake in BB&T by 34.3% in the 1st quarter. Advisory Services Network LLC now owns 49,790 shares of the insurance provider’s stock valued at $2,317,000 after acquiring an additional 12,729 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of BB&T by 4.4% in the first quarter. ZWJ Investment Counsel Inc. now owns 29,093 shares of the insurance provider’s stock worth $1,354,000 after purchasing an additional 1,228 shares in the last quarter. Raymond James & Associates raised its position in BB&T by 13.5% during the first quarter. Raymond James & Associates now owns 2,468,226 shares of the insurance provider’s stock valued at $114,846,000 after acquiring an additional 292,660 shares in the last quarter. Parallel Advisors LLC raised its position in BB&T by 83.2% during the first quarter. Parallel Advisors LLC now owns 3,107 shares of the insurance provider’s stock valued at $145,000 after acquiring an additional 1,411 shares in the last quarter. Finally, Advisor Group Inc. raised its position in BB&T by 26.7% during the first quarter. Advisor Group Inc. now owns 78,824 shares of the insurance provider’s stock valued at $3,670,000 after acquiring an additional 16,608 shares in the last quarter. 68.38% of the stock is owned by institutional investors and hedge funds.

BB&T stock traded down $0.49 during trading on Tuesday, reaching $45.53. The company had a trading volume of 197,557 shares, compared to its average volume of 4,641,101. BB&T Co. has a 12-month low of $40.68 and a 12-month high of $52.58. The stock’s 50 day moving average price is $48.75 and its two-hundred day moving average price is $49.11. The firm has a market capitalization of $34.66 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.15 and a beta of 1.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.87 and a current ratio of 0.88.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, July 18th. The insurance provider reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. BB&T had a net margin of 23.58% and a return on equity of 12.23%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the business earned $1.01 EPS. The company’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts expect that BB&T Co. will post 4.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.95%. BB&T’s payout ratio is 44.44%.

In related news, insider David Hudson Weaver sold 21,705 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $51.44, for a total value of $1,116,505.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Louis B. Lynn sold 2,500 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $48.33, for a total transaction of $120,825.00. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

BBT has been the topic of several recent research reports. Wells Fargo & Co set a $55.00 price objective on shares of BB&T and gave the company a “buy” rating in a research report on Friday, August 16th. ValuEngine raised shares of BB&T from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Morgan Stanley set a $51.00 price target on shares of BB&T and gave the company a “hold” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. dropped their price target on shares of BB&T from $51.50 to $50.50 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, UBS Group dropped their price target on shares of BB&T from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. BB&T has a consensus rating of “Buy” and a consensus price target of $53.95.

About BB&T

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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Institutional Ownership by Quarter for BB&T (NYSE:BBT)

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