BB&T (BBT) Raised to Hold at ValuEngine

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BB&T (NYSE:BBT) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Several other research firms also recently commented on BBT. BMO Capital Markets decreased their price objective on BB&T from $59.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, July 20th. Zacks Investment Research downgraded BB&T from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Stephens reiterated a “buy” rating and issued a $59.00 price objective on shares of BB&T in a report on Friday, July 20th. FIG Partners downgraded BB&T from an “outperform” rating to a “market perform” rating in a report on Friday, July 20th. Finally, B. Riley decreased their price objective on BB&T from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, July 20th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $54.58.

BBT opened at $48.92 on Thursday. The stock has a market capitalization of $36.95 billion, a PE ratio of 15.58, a P/E/G ratio of 1.17 and a beta of 1.05. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90. BB&T has a 12 month low of $45.73 and a 12 month high of $56.31.

BB&T (NYSE:BBT) last released its quarterly earnings data on Thursday, October 18th. The insurance provider reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.01. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. BB&T had a return on equity of 11.02% and a net margin of 22.53%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. On average, analysts predict that BB&T will post 4 earnings per share for the current year.

In other BB&T news, insider Donta L. Wilson sold 3,018 shares of BB&T stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $51.55, for a total transaction of $155,577.90. Following the sale, the insider now directly owns 14,911 shares of the company’s stock, valued at approximately $768,662.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.51% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. First PREMIER Bank boosted its position in shares of BB&T by 64.9% in the 2nd quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 1,000 shares in the last quarter. Legacy Private Trust Co. raised its holdings in BB&T by 14.0% in the 2nd quarter. Legacy Private Trust Co. now owns 8,530 shares of the insurance provider’s stock worth $430,000 after acquiring an additional 1,050 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in BB&T by 5.7% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 20,016 shares of the insurance provider’s stock worth $1,010,000 after acquiring an additional 1,085 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in BB&T by 1.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 100,393 shares of the insurance provider’s stock worth $5,064,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Eastern Bank raised its holdings in BB&T by 1.9% in the 2nd quarter. Eastern Bank now owns 59,790 shares of the insurance provider’s stock worth $3,015,000 after acquiring an additional 1,140 shares during the last quarter. 64.75% of the stock is currently owned by institutional investors and hedge funds.

BB&T Company Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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Analyst Recommendations for BB&T (NYSE:BBT)

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