BB&T (BBT) Receives “Hold” Rating from B. Riley

BB&T (NYSE:BBT)‘s stock had its “hold” rating reaffirmed by equities researchers at B. Riley in a report issued on Thursday. They presently have a $55.00 price objective on the insurance provider’s stock. B. Riley’s price objective points to a potential upside of 0.36% from the stock’s previous close. B. Riley also issued estimates for BB&T’s FY2018 earnings at $3.85 EPS and FY2019 earnings at $4.10 EPS.

Other equities analysts also recently issued reports about the company. Oppenheimer restated a “hold” rating on shares of BB&T in a report on Thursday. Sandler O’Neill set a $55.00 price target on BB&T and gave the company a “hold” rating in a report on Friday. Royal Bank of Canada raised their price target on BB&T to $59.00 and gave the company an “outperform” rating in a report on Friday. Argus raised their price target on BB&T to $60.00 and gave the company a “buy” rating in a report on Friday. They noted that the move was a valuation call. Finally, BMO Capital Markets raised their price target on BB&T to $64.00 and gave the company a “market perform” rating in a report on Friday. Sixteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. BB&T has an average rating of “Hold” and a consensus target price of $53.81.

Shares of BB&T (NYSE:BBT) traded up $0.64 during trading on Thursday, reaching $54.80. The company’s stock had a trading volume of 5,760,000 shares, compared to its average volume of 3,750,000. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a market capitalization of $43,230.00, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.61 and a beta of 1.00. BB&T has a fifty-two week low of $41.17 and a fifty-two week high of $55.70.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.86 billion. BB&T had a return on equity of 9.64% and a net margin of 19.42%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. equities analysts expect that BB&T will post 3.1 EPS for the current year.

In related news, insider Donna C. Goodrich sold 26,869 shares of BB&T stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $49.13, for a total value of $1,320,073.97. Following the completion of the sale, the insider now directly owns 78,589 shares in the company, valued at approximately $3,861,077.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donna C. Goodrich sold 10,799 shares of BB&T 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 completion of the sale, the insider now owns 47,182 shares of the company’s stock, valued at $2,206,702.14. The disclosure for this sale can be found here. Insiders sold a total of 69,295 shares of company stock valued at $3,347,679 over the last quarter. 0.36% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of BB&T during the 4th quarter valued at about $700,000. Ingalls & Snyder LLC bought a new stake in shares of BB&T during the 4th quarter valued at about $8,483,000. Naples Global Advisors LLC bought a new stake in shares of BB&T during the 4th quarter valued at about $268,000. State of Alaska Department of Revenue grew its stake in shares of BB&T by 151.3% during the 4th quarter. State of Alaska Department of Revenue now owns 96,090 shares of the insurance provider’s stock valued at $4,776,000 after purchasing an additional 57,852 shares during the period. Finally, McCollum Christoferson Group LLC bought a new stake in shares of BB&T during the 4th quarter valued at about $4,321,000. Institutional investors and hedge funds own 65.28% 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.

Analyst Recommendations for BB&T (NYSE:BBT)

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