Insider Selling: Barbara F. Duck Sells 29,272 Shares of BB&T Corp. Stock (BBT)
BB&T Corp. (NYSE:BBT) EVP Barbara F. Duck unloaded 29,272 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $38.71, for a total transaction of $1,133,119.12. Following the completion of the transaction, the executive vice president now directly owns 110,696 shares of the company’s stock, valued at approximately $4,285,042. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of BB&T Corp. (NYSE:BBT) traded down 1.23% on Monday, hitting $37.79. The stock had a trading volume of 5,370,472 shares. BB&T Corp. has a 1-year low of $29.18 and a 1-year high of $39.34. The stock has a 50-day moving average of $37.18 and a 200-day moving average of $35.1. The company has a market cap of $26.639 billion and a P/E ratio of 17.80.
BB&T Corp. (NYSE:BBT) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.71 earnings per share. BB&T Corp.’s revenue was down 6.0% compared to the same quarter last year. 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 issued a buy rating and one has given a strong buy rating to the company. BB&T Corp. has a consensus rating of “Buy” and an average target price of $38.93.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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