BB&T Co. (NYSE:BBT) – Investment analysts at B. Riley lifted their Q1 2018 EPS estimates for BB&T in a research note issued on Thursday, Zacks Investment Research reports. B. Riley analyst S. Moss now expects that the insurance provider will post earnings of $0.91 per share for the quarter, up from their previous forecast of $0.80. B. Riley currently has a “Hold” rating and a $55.00 target price on the stock. B. Riley also issued estimates for BB&T’s Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.99 EPS, Q1 2019 earnings at $0.99 EPS, Q2 2019 earnings at $1.04 EPS, Q3 2019 earnings at $1.02 EPS and Q4 2019 earnings at $1.05 EPS.
BB&T (NYSE:BBT) last released its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.86 billion. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS.
BBT has been the subject of several other research reports. Zacks Investment Research cut BB&T from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Morgan Stanley boosted their price objective on BB&T from $47.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, October 20th. BMO Capital Markets boosted their price objective on BB&T from $48.00 to $49.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Barclays boosted their price objective on BB&T from $51.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Vining Sparks reissued a “buy” rating and set a $59.00 price objective on shares of BB&T in a research report on Monday, January 8th. Sixteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $54.24.
BB&T (NYSE BBT) traded down $0.59 on Friday, hitting $55.11. The stock had a trading volume of 4,396,895 shares, compared to its average volume of 4,169,855. BB&T has a 52 week low of $41.17 and a 52 week high of $55.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market cap of $43,096.35, a P/E ratio of 20.11, a PEG ratio of 1.41 and a beta of 1.06.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. boosted its position in BB&T by 2.5% in the 4th quarter. American Century Companies Inc. now owns 8,318,669 shares of the insurance provider’s stock valued at $413,604,000 after buying an additional 201,669 shares during the last quarter. Quadrant Private Wealth Management LLC acquired a new position in shares of BB&T in the 4th quarter valued at $722,000. Bray Capital Advisors lifted its stake in shares of BB&T by 4.3% in the 4th quarter. Bray Capital Advisors now owns 74,029 shares of the insurance provider’s stock valued at $3,681,000 after purchasing an additional 3,048 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of BB&T by 5.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 149,042 shares of the insurance provider’s stock valued at $7,410,000 after purchasing an additional 8,200 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of BB&T by 2.7% in the 4th quarter. CIBC Asset Management Inc now owns 83,272 shares of the insurance provider’s stock valued at $4,140,000 after purchasing an additional 2,199 shares during the period. Hedge funds and other institutional investors own 65.90% of the company’s stock.
In other BB&T news, Chairman Kelly S. King sold 60,000 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $54.68, for a total value of $3,280,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher L. Henson sold 48,524 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $54.75, for a total value of $2,656,689.00. Following the completion of the transaction, the insider now owns 180,089 shares in the company, valued at $9,859,872.75. The disclosure for this sale can be found here. Insiders sold a total of 131,898 shares of company stock worth $7,128,459 over the last quarter. Corporate insiders own 0.36% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, February 8th. This represents a $1.32 dividend on an annualized basis and a yield of 2.40%. BB&T’s dividend payout ratio (DPR) is presently 48.18%.
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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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