BB&T Co. (NYSE:BBT) – FIG Partners raised their Q1 2018 earnings per share (EPS) estimates for shares of BB&T in a note issued to investors on Monday, according to Zacks Investment Research. FIG Partners analyst C. Marinac now expects that the insurance provider will post earnings per share of $0.88 for the quarter, up from their prior forecast of $0.85. FIG Partners also issued estimates for BB&T’s Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $1.01 EPS, FY2018 earnings at $3.81 EPS, Q1 2019 earnings at $0.97 EPS, Q2 2019 earnings at $1.02 EPS, Q3 2019 earnings at $1.07 EPS, Q4 2019 earnings at $1.10 EPS and FY2019 earnings at $4.15 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 upgraded 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 raised their price objective on BB&T from $47.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, October 20th. SunTrust Banks restated a “buy” rating and issued a $52.00 price objective on shares of BB&T in a report on Friday, October 20th. Finally, Raymond James Financial upgraded BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 9th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. BB&T presently has a consensus rating of “Hold” and an average target price of $53.52.
Shares of BB&T (NYSE:BBT) traded up $1.41 during mid-day trading on Tuesday, reaching $54.74. The company’s stock had a trading volume of 3,118,099 shares, compared to its average volume of 4,490,000. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.89. The stock has a market cap of $43,190.00, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.36 and a beta of 1.06. BB&T has a 12 month low of $41.17 and a 12 month high of $55.99.
BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates 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 for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS.
The firm also recently disclosed 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Thursday, February 8th. BB&T’s payout ratio is 48.18%.
In related news, Director Louis B. Lynn sold 3,646 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $54.63, for a total transaction of $199,180.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nido R. Qubein sold 21,025 shares of the firm’s stock in a transaction dated 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 directly owns 59,513 shares of the company’s stock, valued at $3,243,458.50. The disclosure for this sale can be found here. Insiders have sold a total of 152,923 shares of company stock valued at $8,274,322 over the last three months. Corporate insiders own 0.36% of the company’s stock.
Several large investors have recently modified their holdings of BBT. First Merchants Corp grew its position in BB&T by 9.1% in the 3rd quarter. First Merchants Corp now owns 80,743 shares of the insurance provider’s stock valued at $3,790,000 after acquiring an additional 6,753 shares in the last quarter. Bank of Hawaii acquired a new position in BB&T in the 3rd quarter valued at about $657,000. Bank of New York Mellon Corp grew its position in BB&T by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider’s stock valued at $414,436,000 after acquiring an additional 86,200 shares in the last quarter. State of Wisconsin Investment Board grew its position in BB&T by 8.1% in the 3rd quarter. State of Wisconsin Investment Board now owns 619,383 shares of the insurance provider’s stock valued at $29,074,000 after acquiring an additional 46,160 shares in the last quarter. Finally, BB&T Investment Services Inc. acquired a new position in BB&T in the 2nd quarter valued at about $2,231,000. 65.89% of the stock is owned by hedge funds and other institutional investors.
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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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