News stories about BB&T Corporation (NYSE:BBT) have been trending somewhat positive on Saturday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. BB&T Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 46.7715854181148 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- BB&T Corporation (BBT): Interesting Series Of Developments Taking Place – StockNewsGazette (stocknewsgazette.com)
- Analysts Ratings for: BB&T Corporation (BBT) – ExpressNewsline (expressnewsline.com)
- David Hudson Weaver Sells 8,752 Shares of BB&T Corporation (BBT) Stock (americanbankingnews.com)
- BB&T Corporation (BBT) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- BB&T Corp Has $22.21 Million Stake in Amazon.com, Inc (techkenyot.com)
A number of analysts have recently weighed in on BBT shares. Macquarie upgraded BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price target on the stock in a research report on Friday, August 4th. BidaskClub upgraded BB&T Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Hilliard Lyons upgraded BB&T Corporation from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $51.00 to $49.00 in a research report on Monday, April 24th. FBR & Co reissued a “hold” rating on shares of BB&T Corporation in a report on Friday, April 21st. Finally, Wells Fargo & Company started coverage on BB&T Corporation in a report on Wednesday, August 9th. They issued a “market perform” rating and a $44.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $47.19.
Shares of BB&T Corporation (BBT) traded down 0.09% during mid-day trading on Friday, hitting $46.12. The company had a trading volume of 4,394,869 shares. The firm’s 50-day moving average price is $46.45 and its 200 day moving average price is $45.21. BB&T Corporation has a one year low of $36.80 and a one year high of $49.88. The company has a market capitalization of $37.27 billion, a P/E ratio of 17.22 and a beta of 1.07.
BB&T Corporation (NYSE:BBT) last issued its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts predict that BB&T Corporation will post $2.84 earnings per share for the current fiscal year.
BB&T Corporation announced that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that permits the company to repurchase $1.88 billion in outstanding shares. This repurchase authorization permits the insurance provider to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, August 9th. This is a boost from BB&T Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 2.86%. BB&T Corporation’s payout ratio is 49.25%.
In related news, EVP William Rufus Yates sold 28,515 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.07, for a total value of $1,342,201.05. Following the transaction, the executive vice president now owns 34,887 shares in the company, valued at approximately $1,642,131.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total transaction of $865,606.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,610 shares of company stock worth $2,618,364. 0.36% of the stock is owned by insiders.
BB&T Corporation 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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