UBS Group Trims BB&T (NYSE:BBT) Target Price to $53.00

BB&T (NYSE:BBT) had its price objective reduced by UBS Group from $55.00 to $53.00 in a research report report published on Wednesday, Stock Target Advisor reports. They currently have a neutral rating on the insurance provider’s stock.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. initiated coverage on shares of Pinduoduo in a research report on Tuesday. They set an underweight rating and a $20.48 price objective for the company. Morgan Stanley downgraded shares of Silicon Motion Technology from an equal weight rating to an underweight rating in a research report on Monday, April 22nd. Deutsche Bank reissued a hold rating on shares of Tata Motors in a research report on Tuesday, March 26th. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Finally, Raymond James reissued a buy rating on shares of Teck Resources in a research report on Thursday, April 4th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $53.22.

NYSE:BBT opened at $50.45 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 0.88. BB&T has a 12 month low of $40.68 and a 12 month high of $53.08. The company has a market cap of $38.64 billion, a P/E ratio of 12.46, a PEG ratio of 1.26 and a beta of 1.13. The stock has a 50 day moving average of $48.89.

BB&T (NYSE:BBT) last posted its earnings results on Thursday, April 18th. The insurance provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.94 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts predict that BB&T will post 4.24 earnings per share for the current year.

In related news, insider Donta L. Wilson sold 3,418 shares of BB&T stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $49.16, for a total transaction of $168,028.88. Following the transaction, the insider now owns 14,911 shares in the company, valued at approximately $733,024.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Cynthia B. Powell sold 2,651 shares of BB&T stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $49.22, for a total transaction of $130,482.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,569 shares of company stock worth $419,336. 0.49% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sontag Advisory LLC purchased a new stake in BB&T in the 4th quarter worth $28,000. Truvestments Capital LLC purchased a new stake in BB&T in the 1st quarter worth $30,000. Marino Stram & Associates LLC purchased a new stake in BB&T in the 1st quarter worth $32,000. Nalls Sherbakoff Group LLC purchased a new stake in BB&T in the 4th quarter worth $35,000. Finally, Resources Investment Advisors Inc. lifted its stake in BB&T by 149.2% in the 1st quarter. Resources Investment Advisors Inc. now owns 957 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 573 shares in the last quarter. Institutional investors own 68.01% of the company’s stock.

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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Analyst Recommendations for BB&T (NYSE:BBT)

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