Insider Selling: John A. Allison Unloads 186,545 Shares of BB&T Corp. Stock (BBT)
BB&T Corp. (NYSE:BBT) Director John A. Allison sold 186,545 shares of BB&T Corp. stock on the open market in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $39.19, for a total value of $7,310,698.55. Following the transaction, the director now directly owns 290,609 shares of the company’s stock, valued at approximately $11,388,967. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on BBT shares. 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 analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. BB&T Corp. presently has a consensus rating of “Buy” and an average price target of $38.93.
Shares of BB&T Corp. (NYSE:BBT) traded down 1.29% during mid-day trading on Friday, hitting $38.26. 4,852,620 shares of the company’s stock traded hands. BB&T Corp. has a one year low of $29.18 and a one year high of $39.34. The stock’s 50-day moving average is $36.94 and its 200-day moving average is $35.11. The company has a market cap of $26.970 billion and a price-to-earnings ratio of 18.04.
BB&T Corp. (NYSE:BBT) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue 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.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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