BB&T Co. (NYSE:BBT) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings estimates for BB&T in a research note issued on Tuesday. Jefferies Group analyst K. Usdin forecasts that the insurance provider will earn $0.87 per share for the quarter. Jefferies Group also issued estimates for BB&T’s Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $0.96 EPS and Q4 2018 earnings at $1.01 EPS.
BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. BB&T had a net margin of 23.04% and a return on equity of 8.87%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS.
A number of other research firms have also recently weighed in on BBT. SunTrust Banks reissued a “buy” rating and issued a $50.00 price objective on shares of BB&T in a research report on Thursday, October 12th. Morgan Stanley raised shares of BB&T from an “underweight” rating to an “equal weight” rating and set a $50.00 price objective for the company in a research report on Monday, January 8th. Zacks Investment Research cut shares of BB&T from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies reissued a “hold” rating and issued a $48.00 price objective on shares of BB&T in a research report on Sunday, October 22nd. Finally, Barclays upped their price objective on shares of BB&T from $51.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Fourteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $52.00.
BB&T (NYSE BBT) opened at $53.14 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market cap of $41,920.00, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.62 and a beta of 1.00. BB&T has a 12-month low of $41.17 and a 12-month high of $53.91.
In other news, Chairman Kelly S. King sold 66,372 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $47.53, for a total transaction of $3,154,661.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher L. Henson sold 42,233 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $47.56, for a total transaction of $2,008,601.48. Following the transaction, the insider now directly owns 207,620 shares in the company, valued at approximately $9,874,407.20. The disclosure for this sale can be found here. Insiders have sold 182,150 shares of company stock worth $8,712,859 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in BB&T by 2.4% during the second quarter. Vanguard Group Inc. now owns 55,519,721 shares of the insurance provider’s stock worth $2,521,151,000 after acquiring an additional 1,325,018 shares during the period. BlackRock Inc. raised its stake in BB&T by 0.8% during the second quarter. BlackRock Inc. now owns 47,713,735 shares of the insurance provider’s stock worth $2,166,682,000 after acquiring an additional 381,915 shares during the period. Macquarie Group Ltd. raised its stake in BB&T by 1.7% during the second quarter. Macquarie Group Ltd. now owns 17,133,475 shares of the insurance provider’s stock worth $778,031,000 after acquiring an additional 291,257 shares during the period. First Eagle Investment Management LLC raised its stake in BB&T by 3.3% during the third quarter. First Eagle Investment Management LLC now owns 16,699,414 shares of the insurance provider’s stock worth $783,870,000 after acquiring an additional 541,257 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in BB&T by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider’s stock worth $414,436,000 after acquiring an additional 86,200 shares during the period. 65.28% of the stock is currently owned by institutional investors and hedge funds.
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BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.
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