BB&T Corp. CEO Sells $1,504,400 in Stock (BBT)
BB&T Corp. (NYSE:BBT) CEO Kelly S. King sold 40,000 shares of BB&T Corp. stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $37.61, for a total transaction of $1,504,400.00. Following the completion of the sale, the chief executive officer now directly owns 442,922 shares of the company’s stock, valued at approximately $16,658,296. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on BBT shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of BB&T Corp. in a research note on Tuesday, July 22nd. They now have a $41.00 price target on the stock, down previously from $42.00. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of BB&T Corp. in a research note on Tuesday, July 22nd. They now have a $43.00 price target on the stock, down previously from $44.00. Finally, analysts at Credit Agricole upgraded shares of BB&T Corp. from a “sell” rating to an “outperform” rating in a research note on Monday, July 7th. They now have a $33.00 price target on the stock, down previously from $45.00. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.95.
Shares of BB&T Corp. (NYSE:BBT) traded up 0.59% during mid-day trading on Wednesday, hitting $37.64. 2,379,879 shares of the company’s stock traded hands. BB&T Corp. has a 52-week low of $32.65 and a 52-week high of $41.04. The stock’s 50-day moving average is $38.88 and its 200-day moving average is $38.41. The company has a market cap of $27.085 billion and a P/E ratio of 15.59.
BB&T Corp. (NYSE:BBT) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.04. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, analysts predict that BB&T Corp. will post $2.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Wednesday, August 6th.
BB&T Corporation (NYSE:BBT) is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.