BB&T Co. (NYSE:BBT) – Investment analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for BB&T in a report issued on Tuesday, according to Zacks Investment Research. Jefferies Group analyst K. Usdin forecasts that the insurance provider will post earnings per share of $0.87 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.
Several other equities analysts also recently issued reports on the stock. Morgan Stanley raised their price target on shares of BB&T from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Friday. ValuEngine raised shares of BB&T from a “hold” rating to a “buy” rating in a research note on Friday. B. Riley reaffirmed a “hold” rating and set a $55.00 price target on shares of BB&T in a research note on Thursday, January 18th. BMO Capital Markets raised their price target on shares of BB&T to $64.00 and gave the company a “market perform” rating in a research note on Friday, January 19th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of BB&T in a research note on Thursday, January 18th. Sixteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.24.
Shares of BB&T (NYSE:BBT) traded down $2.22 during trading hours on Friday, reaching $52.89. 6,893,744 shares of the company traded hands, compared to its average volume of 3,790,000. The company has a market cap of $41,730.00, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.87. BB&T has a fifty-two week low of $41.17 and a fifty-two week high of $55.99.
BB&T (NYSE:BBT) last issued its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.86 billion. BB&T had a net margin of 19.25% and a return on equity of 9.93%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS.
Large investors have recently bought and sold shares of the business. Archford Capital Strategies LLC grew its holdings in BB&T by 199.9% in the second quarter. Archford Capital Strategies LLC now owns 2,249 shares of the insurance provider’s stock worth $191,000 after purchasing an additional 1,499 shares during the period. Kistler Tiffany Companies LLC grew its holdings in BB&T by 102.6% in the fourth quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 1,193 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in shares of BB&T during the second quarter valued at about $111,000. Cerebellum GP LLC acquired a new position in shares of BB&T during the fourth quarter valued at about $123,000. Finally, Shamrock Asset Management LLC acquired a new position in shares of BB&T during the fourth quarter valued at about $123,000. Institutional investors and hedge funds own 66.01% of the company’s stock.
In other BB&T news, insider Donna C. Goodrich sold 10,799 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $46.77, for a total value of $505,069.23. Following the completion of the sale, the insider now directly owns 47,182 shares in the company, valued at $2,206,702.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cynthia B. Powell sold 8,929 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $54.51, for a total transaction of $486,719.79. The disclosure for this sale can be found here. Insiders have sold 131,898 shares of company stock valued at $7,128,459 in the last three months. 0.36% of the stock is owned by insiders.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, February 8th. BB&T’s dividend payout ratio is presently 48.18%.
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BB&T Company Profile
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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