Media coverage about BB&T (NYSE:BBT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BB&T earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 44.9619174461418 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Tax cuts good for economy, banker says (messenger-inquirer.com)
- BB&T Corporation CEO to attend RBC Capital Markets Financial Institutions Conference (finance.yahoo.com)
- State of Tennessee Treasury Department Reduces Position in BB&T Co. (BBT) (americanbankingnews.com)
- Pettyjohn Wood & White Inc. Has $4.35 Million Holdings in BB&T Co. (BBT) (americanbankingnews.com)
- Heritage Trust Co Trims Holdings in BB&T Co. (BBT) (americanbankingnews.com)
BB&T (NYSE:BBT) traded down $0.84 during trading hours on Tuesday, hitting $54.95. 3,590,754 shares of the stock were exchanged, compared to its average volume of 4,430,000. The company has a market cap of $43,350.00, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06. BB&T has a one year low of $41.17 and a one year high of $56.19. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.89.
The firm also recently disclosed a None dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th will be issued a dividend of $0.045 per share. This represents a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, March 5th. BB&T’s payout ratio is 49.07%.
BBT has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on shares of BB&T to $64.00 and gave the company a “market perform” rating in a research note on Friday, January 19th. Morgan Stanley upgraded shares of BB&T from an “underweight” rating to an “equal weight” rating and set a $50.00 price target on the stock in a research report on Monday, January 8th. Barclays raised 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, January 2nd. Raymond James Financial upgraded shares of BB&T from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 9th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $53.00 price target on shares of BB&T in a research report on Tuesday, January 9th. Fifteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.52.
In other news, insider Clarke R. Starnes III sold 22,629 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.40, for a total transaction of $1,253,646.60. Following the completion of the transaction, the insider now directly owns 107,933 shares of the company’s stock, valued at approximately $5,979,488.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cynthia B. Powell sold 8,929 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $54.51, for a total transaction of $486,719.79. The disclosure for this sale can be found here. Insiders have sold a total of 167,253 shares of company stock valued at $9,160,474 over the last ninety days. 0.36% of the stock is owned by insiders.
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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.
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