BB&T Corp. Plans Quarterly Dividend of $0.23 (BBT)
BB&T Corp. (NYSE:BBT) announced a quarterly dividend on Tuesday, January 28th, Stock Ratings Network reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.23 per share on Monday, March 3rd. This represents a $0.92 annualized dividend and a dividend yield of 2.43%.
A number of analysts have recently weighed in on BBT shares. Analysts at Morgan Stanley downgraded shares of BB&T Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday. They now have a $43.00 price target on the stock. They noted that the move was a valuation call. On a related note, 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. Finally, 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. Fourteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BB&T Corp. currently has a consensus rating of “Hold” and a consensus price target of $39.07.
Shares of BB&T Corp. (NYSE:BBT) traded up 0.11% on Tuesday, hitting $37.83. The stock had a trading volume of 3,073,981 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 $37.26 and a 200-day moving average of $35.19. The company has a market cap of $26.667 billion and a price-to-earnings ratio of 17.58.
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.
In other BB&T Corp. news, EVP Barbara Duck sold 29,272 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $38.71, for a total value 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.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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