BB&T (BBT) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

BB&T (NYSE:BBT)‘s stock had its “hold” rating reissued by Keefe, Bruyette & Woods in a research report issued on Thursday. They presently have a $50.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 1.17% from the company’s previous close.

BBT has been the topic of a number of other research reports. BidaskClub lowered BB&T from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Robert W. Baird reiterated a “hold” rating and set a $45.00 price target on shares of BB&T in a report on Friday, August 25th. Jefferies Group reiterated a “hold” rating and set a $49.00 price target on shares of BB&T in a report on Friday, September 15th. Stephens upgraded BB&T from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a report on Thursday, October 5th. Finally, Citigroup reiterated a “neutral” rating and set a $49.00 price target (up from $47.00) on shares of BB&T in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.28.

Shares of BB&T (NYSE BBT) traded down $0.86 on Thursday, reaching $49.42. 3,301,700 shares of the company’s stock were exchanged, compared to its average volume of 4,386,854. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.85 and a current ratio of 0.86. BB&T has a twelve month low of $41.17 and a twelve month high of $51.11. The stock has a market cap of $38,990.00, a price-to-earnings ratio of 16.60, a P/E/G ratio of 2.31 and a beta of 1.00.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. BB&T had a net margin of 19.42% and a return on equity of 9.64%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. equities research analysts expect that BB&T will post 3.1 EPS for the current year.

In other news, EVP W Bennett Bradley sold 7,762 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $48.16, for a total transaction of $373,817.92. Following the sale, the executive vice president now owns 24,341 shares of the company’s stock, valued at approximately $1,172,262.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donna C. Goodrich sold 10,799 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $46.77, for a total value of $505,069.23. Following the sale, the insider now directly owns 47,182 shares in the company, valued at approximately $2,206,702.14. The disclosure for this sale can be found here. Insiders sold a total of 182,150 shares of company stock worth $8,712,859 in the last ninety days. 0.36% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in shares of BB&T by 3,687.8% in the second 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. boosted its stake in shares of BB&T by 2.4% in the second quarter. Vanguard Group Inc. now owns 55,519,721 shares of the insurance provider’s stock valued at $2,521,151,000 after buying an additional 1,325,018 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of BB&T by 12.6% in the third quarter. American Century Companies Inc. now owns 8,117,000 shares of the insurance provider’s stock valued at $381,012,000 after buying an additional 910,225 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of BB&T in the second quarter valued at approximately $680,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in shares of BB&T in the third quarter valued at approximately $27,849,000. 65.39% of the stock is currently owned by institutional investors and hedge funds.

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BB&T 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.

Analyst Recommendations for BB&T (NYSE:BBT)

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