BB&T Corporation (NYSE:BBT) – Oppenheimer Holdings lowered their FY2018 EPS estimates for BB&T Corporation in a note issued to investors on Friday. Oppenheimer Holdings analyst B. Chittenden now anticipates that the insurance provider will post earnings per share of $3.36 for the year, down from their prior forecast of $3.40. Oppenheimer Holdings currently has a “Hold” rating on the stock.

Other analysts also recently issued research reports about the stock. BidaskClub upgraded shares of BB&T Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $50.00 price target on shares of BB&T Corporation in a research report on Thursday, October 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $50.00 price target on shares of BB&T Corporation in a research report on Friday. BMO Capital Markets reiterated a “hold” rating and issued a $49.00 price target on shares of BB&T Corporation in a research report on Friday, July 21st. Finally, Hilliard Lyons downgraded shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.18.

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BB&T Corporation (BBT) opened at 47.50 on Monday. BB&T Corporation has a one year low of $38.23 and a one year high of $49.88. The company’s 50 day moving average is $45.91 and its 200 day moving average is $44.95. The stock has a market cap of $38.38 billion, a PE ratio of 17.73 and a beta of 1.07.

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

Several institutional investors have recently added to or reduced their stakes in the business. Douglas Lane & Associates LLC boosted its stake in shares of BB&T Corporation by 1.3% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,250,227 shares of the insurance provider’s stock worth $58,686,000 after purchasing an additional 16,220 shares during the last quarter. Foster & Motley Inc. purchased a new position in shares of BB&T Corporation during the 3rd quarter worth about $606,000. Meeder Asset Management Inc. lifted its holdings in shares of BB&T Corporation by 786.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 117,397 shares of the insurance provider’s stock worth $5,510,000 after acquiring an additional 104,153 shares during the period. Sumitomo Life Insurance Co. purchased a new position in shares of BB&T Corporation during the 3rd quarter worth about $3,530,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of BB&T Corporation by 513.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 133,160 shares of the insurance provider’s stock worth $6,251,000 after acquiring an additional 111,459 shares during the period. 64.25% of the stock is currently owned by institutional investors.

In related news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total value of $865,606.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William Rufus Yates sold 28,515 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 34,887 shares in the company, valued at $1,642,131.09. The disclosure for this sale can be found here. Insiders sold a total of 55,610 shares of company stock valued at $2,618,364 in the last quarter. Insiders own 0.36% of the company’s stock.

BB&T Corporation declared that its board has approved a stock buyback plan on Wednesday, June 28th that allows the company to repurchase $1.88 billion in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 5.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is 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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