BB&T’s (NYSE:BBT) “Buy” Rating Reaffirmed at Stephens

BB&T (NYSE:BBT)‘s stock had its “buy” rating restated by research analysts at Stephens in a note issued to investors on Friday, July 20th. They currently have a $59.00 price objective on the insurance provider’s stock. Stephens’ price objective indicates a potential upside of 16.26% from the company’s current price.

Several other equities analysts have also recently commented on the stock. FIG Partners cut shares of BB&T from an “outperform” rating to a “market perform” rating in a research report on Friday, July 20th. B. Riley cut their target price on shares of BB&T from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, July 20th. BMO Capital Markets cut their target price on shares of BB&T from $59.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, July 20th. Piper Jaffray Companies restated a “hold” rating and issued a $52.00 price target on shares of BB&T in a research note on Friday, July 20th. Finally, ValuEngine lowered shares of BB&T from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $54.70.

Shares of BB&T opened at $50.75 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $39.65 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.09 and a beta of 1.03. BB&T has a 1-year low of $43.03 and a 1-year high of $56.31.

BB&T (NYSE:BBT) last announced its earnings results on Thursday, July 19th. The insurance provider reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). BB&T had a net margin of 22.53% and a return on equity of 11.02%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. analysts predict that BB&T will post 3.99 EPS for the current fiscal year.

In related news, insider W Bennett Bradley sold 5,565 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $55.14, for a total transaction of $306,854.10. Following the transaction, the insider now owns 26,407 shares in the company, valued at $1,456,081.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donta L. Wilson sold 3,018 shares of BB&T stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $51.55, for a total transaction of $155,577.90. Following the completion of the transaction, the insider now owns 14,911 shares in the company, valued at approximately $768,662.05. The disclosure for this sale can be found here. Insiders have sold 11,083 shares of company stock worth $593,282 in the last quarter. Company insiders own 0.51% of the company’s stock.

A number of institutional investors have recently bought and sold shares of BBT. IMA Wealth Inc. acquired a new position in BB&T in the second quarter worth approximately $116,000. First PREMIER Bank boosted its stake in BB&T by 64.9% in the 2nd quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 1,000 shares during the period. Certified Advisory Corp boosted its stake in BB&T by 399.6% in the 1st quarter. Certified Advisory Corp now owns 2,658 shares of the insurance provider’s stock worth $137,000 after purchasing an additional 2,126 shares during the period. First Republic Investment Management Inc. boosted its stake in BB&T by 65.1% in the 1st quarter. First Republic Investment Management Inc. now owns 192,950 shares of the insurance provider’s stock worth $141,000 after purchasing an additional 76,093 shares during the period. Finally, Ostrum Asset Management acquired a new position in BB&T in the 1st quarter worth approximately $143,000. Hedge funds and other institutional investors own 63.76% of the company’s stock.

About BB&T

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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Analyst Recommendations for BB&T (NYSE:BBT)

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