BB&T Co. (NYSE:BBT) Expected to Post Q1 2019 Earnings of $0.93 Per Share

BB&T Co. (NYSE:BBT) – Research analysts at FIG Partners issued their Q1 2019 earnings per share estimates for shares of BB&T in a research report issued on Thursday, Zacks Investment Research reports. FIG Partners analyst C. Marinac anticipates that the insurance provider will post earnings per share of $0.93 for the quarter. FIG Partners also issued estimates for BB&T’s Q2 2019 earnings at $0.99 EPS, Q3 2019 earnings at $1.05 EPS, Q4 2019 earnings at $1.07 EPS and FY2019 earnings at $4.05 EPS.

A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered BB&T from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Citigroup raised BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a report on Tuesday, January 9th. Morgan Stanley upped their price objective on BB&T from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, October 20th. SunTrust Banks reaffirmed a “buy” rating and set a $52.00 price objective on shares of BB&T in a report on Friday, October 20th. Finally, Raymond James Financial raised BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 9th. Fifteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.52.

Shares of BB&T (BBT) traded up $0.58 during mid-day trading on Friday, reaching $53.00. The company had a trading volume of 3,679,811 shares, compared to its average volume of 4,538,890. BB&T has a 52-week low of $41.17 and a 52-week high of $55.99. The firm has a market capitalization of $40,992.75, a price-to-earnings ratio of 19.34, a PEG ratio of 1.34 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.87 and a quick ratio of 0.86.

BB&T (NYSE:BBT) last released its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, February 8th. BB&T’s dividend payout ratio (DPR) is 48.18%.

In other BB&T news, Director Nido R. Qubein sold 21,025 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $54.50, for a total value of $1,145,862.50. Following the sale, the director now owns 59,513 shares of the company’s stock, valued at $3,243,458.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Kelly S. King sold 60,000 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $54.68, for a total value of $3,280,800.00. The disclosure for this sale can be found here. Insiders sold 152,923 shares of company stock worth $8,274,322 in the last three months. 0.36% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of BBT. Janus Henderson Group PLC boosted its stake in shares of BB&T by 3,687.8% during the second quarter. Janus Henderson Group PLC now owns 4,085,012 shares of the insurance provider’s stock valued at $185,500,000 after acquiring an additional 3,977,166 shares during the last quarter. Vanguard Group Inc. lifted its position 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 buying an additional 1,325,018 shares during the period. American Century Companies Inc. lifted its position in BB&T by 12.6% during the third quarter. American Century Companies Inc. now owns 8,117,000 shares of the insurance provider’s stock worth $381,012,000 after buying an additional 910,225 shares during the period. Bank of New York Mellon Corp lifted its position in BB&T by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 9,689,965 shares of the insurance provider’s stock worth $481,786,000 after buying an additional 860,902 shares during the period. Finally, Koch Industries Inc. purchased a new position in BB&T during the second quarter worth about $680,000. 65.89% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for BB&T (NYSE:BBT)

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