BB&T Corporation (NYSE:BBT) – FBR & Co boosted their Q1 2018 earnings per share estimates for BB&T Corporation in a report issued on Friday. FBR & Co analyst S. Moss now forecasts that the insurance provider will post earnings of $0.80 per share for the quarter, up from their prior forecast of $0.79. FBR & Co currently has a “Hold” rating and a $48.00 price target on the stock. FBR & Co also issued estimates for BB&T Corporation’s Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.82 EPS, Q1 2019 earnings at $0.85 EPS, Q2 2019 earnings at $0.88 EPS, Q3 2019 earnings at $0.88 EPS and FY2019 earnings at $3.50 EPS.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a research note on Friday, July 21st. BidaskClub upgraded shares of BB&T Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies reiterated a “hold” rating and issued a $48.00 target price on shares of BB&T Corporation in a research note on Sunday. Hilliard Lyons cut shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research note on Friday, July 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. BB&T Corporation presently has a consensus rating of “Hold” and a consensus price target of $49.18.

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Shares of BB&T Corporation (NYSE:BBT) opened at 47.50 on Monday. BB&T Corporation has a 52-week low of $38.23 and a 52-week high of $49.88. The firm has a market capitalization of $38.38 billion, a PE ratio of 17.73 and a beta of 1.07. The company has a 50-day moving average price of $45.91 and a 200 day moving average price of $44.95.

BB&T Corporation (NYSE:BBT) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. BB&T Corporation had a return on equity of 9.64% and a net margin of 19.42%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in the company. Glassman Wealth Services grew its holdings in shares of BB&T Corporation by 0.4% in the 2nd quarter. Glassman Wealth Services now owns 4,757 shares of the insurance provider’s stock valued at $216,000 after buying an additional 18 shares during the period. Guardian Life Insurance Co. of America grew its holdings in shares of BB&T Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 3,130 shares of the insurance provider’s stock valued at $140,000 after buying an additional 21 shares during the period. WMS Partners LLC grew its holdings in shares of BB&T Corporation by 0.8% in the 2nd quarter. WMS Partners LLC now owns 4,527 shares of the insurance provider’s stock valued at $206,000 after buying an additional 36 shares during the period. Canal Capital Management LLC grew its holdings in shares of BB&T Corporation by 0.6% in the 2nd quarter. Canal Capital Management LLC now owns 7,832 shares of the insurance provider’s stock valued at $356,000 after buying an additional 48 shares during the period. Finally, Sii Investments Inc. WI grew its holdings in shares of BB&T Corporation by 0.9% in the 2nd quarter. Sii Investments Inc. WI now owns 6,636 shares of the insurance provider’s stock valued at $301,000 after buying an additional 58 shares during the period. 64.25% of the stock is owned by institutional investors.

In other BB&T Corporation news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total transaction of $865,606.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Rufus Yates sold 28,515 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the sale, the executive vice president now owns 34,887 shares of the company’s stock, valued at approximately $1,642,131.09. The disclosure for this sale can be found here. Insiders have sold a total of 55,610 shares of company stock valued at $2,618,364 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

BB&T Corporation declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $1.88 billion in shares. This repurchase authorization permits the insurance provider to buy up to 5.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

BB&T Corporation Company Profile

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.

Earnings History and Estimates for BB&T Corporation (NYSE:BBT)

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