BB&T (BBT) Lowered to “Sell” at ValuEngine

ValuEngine lowered shares of BB&T (NYSE:BBT) from a hold rating to a sell rating in a research note released on Thursday.

A number of other research firms also recently commented on BBT. BMO Capital Markets dropped their price objective on BB&T from $59.00 to $58.00 and set an outperform rating on the stock in a report on Friday, July 20th. Zacks Investment Research downgraded BB&T from a buy rating to a hold rating in a report on Friday, October 12th. Stephens reiterated a buy rating and issued a $59.00 price objective on shares of BB&T in a report on Friday, July 20th. FIG Partners downgraded BB&T from an outperform rating to a market perform rating in a report on Friday, July 20th. Finally, B. Riley dropped their price objective on BB&T from $59.00 to $56.00 and set a buy rating on the stock in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $55.50.

BBT opened at $49.17 on Thursday. BB&T has a one year low of $45.73 and a one year high of $56.31. The stock has a market capitalization of $37.89 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.26 and a beta of 0.94. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

BB&T (NYSE:BBT) last released its quarterly earnings data on Thursday, October 18th. The insurance provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. BB&T had a return on equity of 11.66% and a net margin of 23.52%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, research analysts expect that BB&T will post 3.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 9th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.62 dividend on an annualized basis and a yield of 3.29%. BB&T’s dividend payout ratio is presently 51.59%.

In related news, Director I. Patricia Henry sold 611 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $49.50, for a total transaction of $30,244.50. Following the transaction, the director now owns 4,375 shares in the company, valued at approximately $216,562.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.51% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Zions Bancorporation purchased a new position in BB&T during the 3rd quarter worth approximately $102,000. IMA Wealth Inc. purchased a new position in shares of BB&T in the 2nd quarter valued at approximately $116,000. First PREMIER Bank grew its stake in shares of BB&T by 64.9% in the 2nd quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock valued at $128,000 after purchasing an additional 1,000 shares during the last quarter. ClariVest Asset Management LLC purchased a new position in shares of BB&T in the 2nd quarter valued at approximately $167,000. Finally, Whittier Trust Co. grew its stake in shares of BB&T by 591.3% in the 2nd quarter. Whittier Trust Co. now owns 4,300 shares of the insurance provider’s stock valued at $170,000 after purchasing an additional 3,678 shares during the last quarter. Hedge funds and other institutional investors own 64.96% of the company’s stock.

BB&T Company Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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Analyst Recommendations for BB&T (NYSE:BBT)

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