BB&T’s (BBT) “Hold” Rating Reaffirmed at Oppenheimer

BB&T (NYSE:BBT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Oppenheimer in a report released on Thursday.

Other analysts have also issued research reports about the company. SunTrust Banks restated a “buy” rating and set a $52.00 target price on shares of BB&T in a report on Friday, October 20th. Royal Bank of Canada restated a “buy” rating and set a $50.00 target price on shares of BB&T in a report on Friday, October 20th. Zacks Investment Research upgraded BB&T from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Tuesday, January 2nd. Vining Sparks restated a “buy” rating and set a $59.00 target price on shares of BB&T in a report on Monday, January 8th. Finally, Argus upped their target price on BB&T to $60.00 and gave the stock a “buy” rating in a report on Friday. They noted that the move was a valuation call. Sixteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.81.

BB&T (BBT) traded up $0.66 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 quick ratio of 0.85 and a current ratio of 0.86. 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 one year low of $41.17 and a one year high of $55.70.

BB&T (NYSE:BBT) last posted its earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The company 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%. BB&T’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. research analysts anticipate that BB&T will post 3.1 earnings per share for the current year.

In related news, insider Robert Jerome Johnson, Jr. sold 12,357 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $47.70, for a total value of $589,428.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP W Bennett Bradley sold 7,762 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $48.16, for a total value of $373,817.92. Following the completion of the transaction, the executive vice president now directly owns 24,341 shares in the company, valued at $1,172,262.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,295 shares of company stock worth $3,347,679. Insiders own 0.36% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sii Investments Inc. WI increased its position in shares of BB&T by 0.9% in the 2nd quarter. Sii Investments Inc. WI now owns 6,636 shares of the insurance provider’s stock valued at $301,000 after acquiring an additional 58 shares during the period. Schafer Cullen Capital Management Inc. increased its position in shares of BB&T by 0.5% in the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 14,105 shares of the insurance provider’s stock valued at $641,000 after acquiring an additional 75 shares during the period. Dana Investment Advisors Inc. increased its position in shares of BB&T by 2.6% in the 2nd quarter. Dana Investment Advisors Inc. now owns 5,629 shares of the insurance provider’s stock valued at $256,000 after acquiring an additional 142 shares during the period. Glenview Trust Co increased its position in shares of BB&T by 0.4% in the 2nd quarter. Glenview Trust Co now owns 37,044 shares of the insurance provider’s stock valued at $1,682,000 after acquiring an additional 153 shares during the period. Finally, Evercore Wealth Management LLC increased its position in shares of BB&T by 4.1% in the 2nd quarter. Evercore Wealth Management LLC now owns 4,470 shares of the insurance provider’s stock valued at $203,000 after acquiring an additional 175 shares during the period. 65.28% of the stock is currently owned by hedge funds and other institutional investors.

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About BB&T

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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