Insider Selling: Ronald E. Deal Sells 5,953 Shares of BB&T Corp. Stock (BBT)
BB&T Corp. (NYSE:BBT) Director Ronald E. Deal sold 5,953 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $38.19, for a total transaction of $227,345.07. Following the sale, the director now directly owns 15,832 shares in the company, valued at approximately $604,624. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
BB&T Corp. (NYSE:BBT) traded up 0.73% on Friday, hitting $38.66. The stock had a trading volume of 2,454,221 shares. BB&T Corp. has a one year low of $32.65 and a one year high of $41.04. The stock’s 50-day moving average is $37.60 and its 200-day moving average is $37.60. The company has a market cap of $27.777 billion and a P/E ratio of 14.82.
BB&T Corp. (NYSE:BBT) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company posted $0.69 earnings per share. BB&T Corp.’s revenue was down 6.7% compared to the same quarter last year. Analysts expect that BB&T Corp. will post $2.98 EPS for the current fiscal year.
BBT has been the subject of a number of recent research reports. Analysts at Sterne Agee initiated coverage on shares of BB&T Corp. in a research note on Friday, May 30th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BB&T Corp. in a research note on Friday, May 23rd. They now have a $39.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of BB&T Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $46.50 price target on the stock. Fourteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.30.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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