BB&T Corp. Receives Average Recommendation of “Buy” from Analysts (NYSE:BBT)
BB&T Corp. (NYSE:BBT) has received a consensus recommendation of “Buy” from the twenty-two analysts that are currently covering the company, AmericanBankingNews.com reports. Eleven investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $41.00.
In other BB&T Corp. news, EVP Clarke R. Starnes III unloaded 67,331 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $37.52, for a total value of $2,526,259.12. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on BBT shares. Analysts at Wells Fargo & Co. upgraded shares of BB&T Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 6th. Separately, 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. Finally, 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.
BB&T Corp. (NYSE:BBT) opened at 36.12 on Thursday. BB&T Corp. has a 52 week low of $32.65 and a 52 week high of $41.04. The stock has a 50-day moving average of $38.42 and a 200-day moving average of $38.30. The company has a market cap of $25.991 billion and a P/E ratio of 14.98.
BB&T Corp. (NYSE:BBT) last announced its earnings results on Monday, July 21st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue 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. Shareholders 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 2.66%. The ex-dividend date is Wednesday, August 6th.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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