BB&T (NYSE:BBT) Trading Down 0.3%

Shares of BB&T Co. (NYSE:BBT) fell 0.3% during trading on Friday . The stock traded as low as $49.34 and last traded at $49.57. 96,418 shares were traded during mid-day trading, a decline of 98% from the average session volume of 4,053,768 shares. The stock had previously closed at $49.73.

Several research firms have commented on BBT. Stephens downgraded shares of BB&T from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 6th. ValuEngine raised BB&T from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Odeon Capital Group initiated coverage on BB&T in a research report on Friday, March 8th. They set a “buy” rating on the stock. Morgan Stanley dropped their price target on BB&T from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Finally, Raymond James downgraded BB&T from an “outperform” rating to a “market perform” rating and set a $48.49 target price on the stock. in a report on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.49.

The firm has a market cap of $38.09 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.23 and a beta of 1.16. 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 issued its quarterly earnings data on Thursday, April 18th. The insurance provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. BB&T had a net margin of 23.68% and a return on equity of 12.16%. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the company posted $0.94 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Analysts expect that BB&T Co. will post 4.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.405 per share. The ex-dividend date was Tuesday, May 14th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.24%. BB&T’s dividend payout ratio (DPR) is 40.00%.

In related news, Director Louis B. Lynn sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $48.33, for a total value of $120,825.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donta L. Wilson sold 3,418 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $49.16, for a total value of $168,028.88. Following the transaction, the insider now directly owns 14,911 shares in the company, valued at $733,024.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,569 shares of company stock valued at $419,336. Corporate insiders own 0.49% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in BBT. Norges Bank bought a new stake in BB&T in the fourth quarter worth $302,329,000. BlackRock Inc. increased its position in BB&T by 10.7% in the first quarter. BlackRock Inc. now owns 59,338,587 shares of the insurance provider’s stock worth $2,761,026,000 after buying an additional 5,759,090 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of BB&T by 71.4% during the first quarter. Goldman Sachs Group Inc. now owns 9,054,293 shares of the insurance provider’s stock worth $421,296,000 after purchasing an additional 3,771,873 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of BB&T by 4,179.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,647,587 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 3,562,345 shares in the last quarter. Finally, Boston Partners grew its position in shares of BB&T by 59.9% during the first quarter. Boston Partners now owns 5,737,854 shares of the insurance provider’s stock worth $266,982,000 after purchasing an additional 2,150,335 shares in the last quarter. 68.06% of the stock is currently owned by institutional investors and hedge funds.

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About BB&T (NYSE:BBT)

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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