Oppenheimer Comments on BB&T Co.’s Q1 2018 Earnings (BBT)

BB&T Co. (NYSE:BBT) – Analysts at Oppenheimer issued their Q1 2018 earnings per share estimates for shares of BB&T in a research report issued on Tuesday. Oppenheimer analyst B. Chittenden anticipates that the insurance provider will post earnings per share of $0.85 for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for BB&T’s Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.89 EPS, Q4 2018 earnings at $0.92 EPS and FY2019 earnings at $3.80 EPS.

BBT has been the topic of several other research reports. SunTrust Banks reiterated a “buy” rating and set a $52.00 price target on shares of BB&T in a research report on Friday, October 20th. Royal Bank of Canada reiterated a “buy” rating and set a $50.00 price target on shares of BB&T in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Tuesday. Barclays increased their price target on shares of BB&T from $51.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $48.00 price target on shares of BB&T in a research report on Sunday, October 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.67.

Shares of BB&T (BBT) traded up $0.54 on Thursday, hitting $50.46. 3,410,700 shares of the stock traded hands, compared to its average volume of 2,957,050. BB&T has a 12 month low of $41.17 and a 12 month high of $51.11. The company has a market capitalization of $40,110.00, a PE ratio of 18.76, a PEG ratio of 2.06 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85.

BB&T (NYSE:BBT) last announced its earnings results on Thursday, October 19th. The insurance provider reported $0.78 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. BB&T had a net margin of 19.42% and a return on equity of 9.64%. The company 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 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis.

Institutional investors have recently modified their holdings of the business. Archford Capital Strategies LLC lifted its holdings in shares of BB&T by 199.9% during the second quarter. Archford Capital Strategies LLC now owns 2,249 shares of the insurance provider’s stock worth $191,000 after purchasing an additional 1,499 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in shares of BB&T during the second quarter worth $111,000. Highstreet Asset Management Inc. lifted its holdings in shares of BB&T by 105.3% during the third quarter. Highstreet Asset Management Inc. now owns 3,053 shares of the insurance provider’s stock worth $143,000 after purchasing an additional 1,566 shares during the period. Cable Hill Partners LLC lifted its holdings in shares of BB&T by 7,184.0% during the third quarter. Cable Hill Partners LLC now owns 3,642 shares of the insurance provider’s stock worth $171,000 after purchasing an additional 3,592 shares during the period. Finally, Zions Bancorporation lifted its holdings in shares of BB&T by 120.5% during the third quarter. Zions Bancorporation now owns 3,704 shares of the insurance provider’s stock worth $174,000 after purchasing an additional 2,024 shares during the period. Hedge funds and other institutional investors own 65.28% of the company’s stock.

In other BB&T news, VP Donta L. Wilson sold 4,250 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.51, for a total value of $201,917.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Kelly S. King sold 66,372 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.53, for a total transaction of $3,154,661.16. The disclosure for this sale can be found here. Insiders sold 182,150 shares of company stock worth $8,712,859 in the last 90 days. Company insiders own 0.36% of the company’s stock.

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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.

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

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