BB&T Corporation (NYSE:BBT) – SunTrust Banks lowered their Q4 2017 earnings estimates for shares of BB&T Corporation in a note issued to investors on Thursday. SunTrust Banks analyst J. Demba now anticipates that the insurance provider will post earnings per share of $0.78 for the quarter, down from their previous estimate of $0.80. SunTrust Banks has a “Buy” rating and a $52.00 price objective on the stock. SunTrust Banks also issued estimates for BB&T Corporation’s Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $3.37 EPS and FY2019 earnings at $3.60 EPS.

Other equities research analysts have also issued reports about the company. BMO Capital Markets reaffirmed a “hold” rating and set a $49.00 target price on shares of BB&T Corporation in a research report on Friday, July 21st. BidaskClub raised BB&T Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Piper Jaffray Companies reissued a “hold” rating and issued a $48.00 price objective on shares of BB&T Corporation in a report on Sunday. Hilliard Lyons lowered BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a report on Friday, July 21st. Finally, FBR & Co set a $48.00 price objective on BB&T Corporation and gave the stock a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. BB&T Corporation presently has an average rating of “Hold” and a consensus price target of $49.18.

WARNING: “Q4 2017 EPS Estimates for BB&T Corporation (BBT) Reduced by Analyst” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/23/q4-2017-eps-estimates-for-bbt-corporation-bbt-reduced-by-analyst.html.

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 stock has a market capitalization of $38.38 billion, a PE ratio of 17.73 and a beta of 1.07. The stock’s 50 day moving average is $45.91 and its 200-day moving average is $44.95.

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

BB&T Corporation declared that its Board of Directors has approved a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $1.88 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to purchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

In related news, EVP William Rufus Yates sold 28,515 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the transaction, the executive vice president now directly owns 34,887 shares of the company’s stock, valued at approximately $1,642,131.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Hudson Weaver sold 8,752 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $46.91, for a total value of $410,556.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,610 shares of company stock valued at $2,618,364. Corporate insiders own 0.36% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BBT. BlackRock Inc. raised its holdings in shares of BB&T Corporation by 2,875.1% during the 1st quarter. BlackRock Inc. now owns 47,331,820 shares of the insurance provider’s stock valued at $2,115,732,000 after buying an additional 45,740,906 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of BB&T Corporation by 3,687.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,085,012 shares of the insurance provider’s stock valued at $185,500,000 after buying an additional 3,977,166 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of BB&T Corporation by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 54,194,703 shares of the insurance provider’s stock valued at $2,422,504,000 after buying an additional 1,656,297 shares in the last quarter. Janus Capital Management LLC raised its holdings in shares of BB&T Corporation by 46.8% during the 1st quarter. Janus Capital Management LLC now owns 3,333,817 shares of the insurance provider’s stock valued at $149,021,000 after buying an additional 1,062,590 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of BB&T Corporation by 214.8% during the 1st quarter. FMR LLC now owns 1,464,005 shares of the insurance provider’s stock valued at $65,440,000 after buying an additional 998,898 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

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)

Receive News & Ratings for BB&T Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T Corporation and related companies with MarketBeat.com's FREE daily email newsletter.