BB&T Corp. Director Nido R. Qubein Sells 5,462 Shares (BBT)
BB&T Corp. (NYSE:BBT) Director Nido R. Qubein sold 5,462 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The stock was sold at an average price of $38.44, for a total transaction of $209,959.28. Following the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $172,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
BB&T Corp. (NYSE:BBT) traded up 0.84% during mid-day trading on Tuesday, hitting $38.52. The stock had a trading volume of 3,299,101 shares. BB&T Corp. has a 1-year low of $32.65 and a 1-year high of $41.04. The stock has a 50-day moving average of $37.78 and a 200-day moving average of $37.84. The company has a market cap of $27.676 billion and a price-to-earnings ratio of 14.75.
BB&T Corp. (NYSE:BBT) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. Analysts expect that BB&T Corp. will post $2.97 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. BB&T Corp. currently has a consensus rating of “Hold” and an average target price of $40.30.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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