Insider Selling: BB&T Corp. VP Sells 7,270 Shares of Stock (BBT)
BB&T Corp. (NYSE:BBT) VP Cynthia B. Powell unloaded 7,270 shares of BB&T Corp. stock on the open market in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $39.20, for a total transaction of $284,984.00. Following the completion of the transaction, the vice president now directly owns 30,229 shares in the company, valued at approximately $1,184,977. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of BB&T Corp. (NYSE:BBT) traded down 1.29% on Friday, hitting $38.26. The stock had a trading volume of 4,852,620 shares. BB&T Corp. has a 52 week low of $29.18 and a 52 week high of $39.34. The stock has a 50-day moving average of $36.94 and a 200-day moving average of $35.11. The company has a market cap of $26.970 billion and a P/E ratio of 18.04.
BB&T Corp. (NYSE:BBT) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts predict that BB&T Corp. will post $3.02 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of BB&T Corp. from $42.00 to $41.00 in a research note to investors on Friday, January 17th. Separately, analysts at UBS AG raised their price target on shares of BB&T Corp. from $41.00 to $43.00 in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Finally, analysts at Hilliard Lyons downgraded shares of BB&T Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 17th. Thirteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. BB&T Corp. currently has an average rating of “Buy” and a consensus price target of $38.93.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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