BB&T Co. (BBT) Expected to Earn Q1 2018 Earnings of $0.93 Per Share

BB&T Co. (NYSE:BBT) – Equities researchers at Oppenheimer upped their Q1 2018 earnings per share (EPS) estimates for shares of BB&T in a report released on Thursday. Oppenheimer analyst B. Chittenden now expects that the insurance provider will earn $0.93 per share for the quarter, up from their prior estimate of $0.85. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for BB&T’s Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $1.00 EPS and Q4 2018 earnings at $1.08 EPS.

Several other research analysts have also recently weighed in on the company. B. Riley reiterated a “hold” rating and set a $55.00 price objective on shares of BB&T in a research report on Thursday. BMO Capital Markets increased their price objective on BB&T to $64.00 and gave the stock a “market perform” rating in a research report on Friday. Argus increased their price objective on BB&T to $60.00 and gave the stock a “buy” rating in a research report on Friday. They noted that the move was a valuation call. Royal Bank of Canada raised their price target on BB&T to $59.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Sandler O’Neill set a $55.00 price target on BB&T and gave the stock a “hold” rating in a research report on Friday. Sixteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $53.81.

BB&T (BBT) opened at $54.80 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $43,230.00, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00. BB&T has a 12-month low of $41.17 and a 12-month high of $55.70.

BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.86 billion. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS.

In other BB&T news, 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 transaction, the insider now owns 47,182 shares in the company, valued at $2,206,702.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Donna C. Goodrich sold 26,869 shares of BB&T stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $49.13, for a total value of $1,320,073.97. Following the completion of the transaction, the insider now owns 78,589 shares in the company, valued at approximately $3,861,077.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,295 shares of company stock worth $3,347,679. Company insiders own 0.36% of the company’s stock.

Several hedge funds have recently made changes to their positions in BBT. Riverhead Capital Management LLC boosted its stake in shares of BB&T by 16.4% during the second quarter. Riverhead Capital Management LLC now owns 9,150 shares of the insurance provider’s stock valued at $415,000 after purchasing an additional 1,286 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of BB&T by 1.3% during the second quarter. D.A. Davidson & CO. now owns 36,547 shares of the insurance provider’s stock valued at $1,659,000 after purchasing an additional 473 shares in the last quarter. TIAA FSB acquired a new stake in shares of BB&T during the second quarter valued at about $1,204,000. Cibc World Markets Corp boosted its stake in shares of BB&T by 35.8% during the second quarter. Cibc World Markets Corp now owns 114,663 shares of the insurance provider’s stock valued at $5,207,000 after purchasing an additional 30,229 shares in the last quarter. Finally, Glenview Trust Co boosted its stake in shares of BB&T by 0.4% during the second quarter. Glenview Trust Co now owns 37,044 shares of the insurance provider’s stock valued at $1,682,000 after purchasing an additional 153 shares in the last quarter. 65.28% of the stock is currently owned by hedge funds and other institutional investors.

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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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