Tompkins Financial Corp Has $2.66 Million Holdings in BB&T Co. (NYSE:BBT)

Tompkins Financial Corp trimmed its holdings in shares of BB&T Co. (NYSE:BBT) by 6.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,774 shares of the insurance provider’s stock after selling 3,888 shares during the period. Tompkins Financial Corp’s holdings in BB&T were worth $2,659,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. LaFleur & Godfrey LLC boosted its position in BB&T by 0.3% in the 1st quarter. LaFleur & Godfrey LLC now owns 180,317 shares of the insurance provider’s stock valued at $8,390,000 after buying an additional 548 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of BB&T by 1.4% in the first quarter. DAVENPORT & Co LLC now owns 228,320 shares of the insurance provider’s stock valued at $10,624,000 after acquiring an additional 3,154 shares during the last quarter. St. Johns Investment Management Company LLC increased its position in shares of BB&T by 13.4% in the first quarter. St. Johns Investment Management Company LLC now owns 23,343 shares of the insurance provider’s stock valued at $1,086,000 after acquiring an additional 2,751 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its position in shares of BB&T by 4.1% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 16,660 shares of the insurance provider’s stock valued at $775,000 after acquiring an additional 649 shares during the last quarter. Finally, Nwam LLC acquired a new stake in shares of BB&T in the first quarter valued at about $210,000. 65.07% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Cynthia B. Powell sold 2,651 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $49.22, for a total transaction of $130,482.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director K. David Jr. Boyer sold 2,289 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $51.57, for a total transaction of $118,043.73. The disclosure for this sale can be found here. Insiders have sold 7,229 shares of company stock worth $366,432 in the last ninety days. Insiders own 0.49% of the company’s stock.

A number of brokerages have weighed in on BBT. Deutsche Bank downgraded BB&T from a “buy” rating to a “hold” rating and set a $49.08 price target on the stock. in a research report on Friday, January 25th. Bank of America cut BB&T from a “buy” rating to an “underperform” rating and set a $48.00 price objective for the company. in a report on Thursday, January 10th. They noted that the move was a valuation call. Odeon Capital Group assumed coverage on BB&T in a report on Friday, March 8th. They set a “buy” rating for the company. Argus reiterated a “buy” rating on shares of BB&T in a research note on Friday, January 18th. Finally, ValuEngine cut BB&T from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. BB&T has an average rating of “Hold” and a consensus price target of $53.49.

Shares of NYSE:BBT opened at $49.50 on Friday. The firm has a market cap of $37.91 billion, a PE ratio of 12.22, a P/E/G ratio of 1.25 and a beta of 1.16. BB&T Co. has a 52-week low of $40.68 and a 52-week high of $56.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.88 and a quick ratio of 0.87.

BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, April 18th. The insurance provider reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.02. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.94 billion. BB&T had a return on equity of 12.16% and a net margin of 23.68%. BB&T’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. On average, sell-side analysts anticipate that BB&T Co. will post 4.32 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.405 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.62 dividend on an annualized basis and a yield of 3.27%. BB&T’s dividend payout ratio (DPR) is currently 40.00%.

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BB&T Company Profile

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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