BB&T’s (BBT) Hold Rating Reaffirmed at B. Riley

BB&T (NYSE:BBT)‘s stock had its “hold” rating reiterated by equities researchers at B. Riley in a report released on Thursday. They presently have a $55.00 target price on the insurance provider’s stock. B. Riley’s price target points to a potential upside of 1.59% from the company’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.

BBT has been the subject of several other research reports. Zacks Investment Research cut BB&T from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Oppenheimer restated a “hold” rating on shares of BB&T in a report on Thursday. UBS Group upgraded BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 9th. Stephens upgraded BB&T from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a report on Thursday, October 5th. Finally, JPMorgan Chase & Co. raised their price objective on BB&T from $48.50 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.81.

BB&T (NYSE BBT) traded up $0.86 during mid-day trading on Thursday, hitting $54.14. The stock had a trading volume of 7,884,400 shares, compared to its average volume of 4,128,683. 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 firm has a market cap of $42,710.00, a P/E ratio of 19.76, 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 released its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.86 billion. BB&T had a net margin of 19.42% and a return on equity of 9.64%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. analysts predict that BB&T will post 3.1 EPS for the current year.

In other BB&T news, insider Robert Jerome Johnson, Jr. sold 12,357 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $47.70, for a total transaction of $589,428.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP W Bennett Bradley sold 7,762 shares of the firm’s stock in a transaction that occurred on 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 $1,172,262.56. The disclosure for this sale can be found here. Insiders have sold 69,295 shares of company stock valued at $3,347,679 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC bought a new position in shares of BB&T during the second quarter worth approximately $111,000. Kistler Tiffany Companies LLC increased its holdings in shares of BB&T by 102.6% during the fourth quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 1,193 shares during the period. Highstreet Asset Management Inc. increased 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 increased 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 increased 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. 65.28% of the stock is currently owned by 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.

Analyst Recommendations for BB&T (NYSE:BBT)

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