W Bennett Bradley Sells 7,762 Shares of BB&T Corporation (BBT) Stock

BB&T Corporation (NYSE:BBT) EVP W Bennett Bradley sold 7,762 shares of BB&T Corporation stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $48.16, for a total value of $373,817.92. Following the sale, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at approximately $1,172,262.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BB&T Corporation (NYSE:BBT) opened at 49.24 on Wednesday. BB&T Corporation has a 12-month low of $38.23 and a 12-month high of $49.88. The stock has a 50 day moving average price of $46.57 and a 200 day moving average price of $45.19. The stock has a market cap of $39.79 billion, a P/E ratio of 18.38 and a beta of 1.07.

BB&T Corporation (NYSE:BBT) last announced its earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. BB&T Corporation had a net margin of 19.42% and a return on equity of 9.64%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. On average, analysts forecast that BB&T Corporation will post $2.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, November 9th. BB&T Corporation’s dividend payout ratio is 49.07%.

COPYRIGHT VIOLATION WARNING: “W Bennett Bradley Sells 7,762 Shares of BB&T Corporation (BBT) Stock” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.com-unik.info/2017/11/01/w-bennett-bradley-sells-7762-shares-of-bbt-corporation-bbt-stock.html.

Several equities research analysts recently issued reports on BBT shares. SunTrust Banks, Inc. reissued a “buy” rating and set a $50.00 price objective on shares of BB&T Corporation in a research note on Thursday, October 12th. Zacks Investment Research lowered BB&T Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Wells Fargo & Company started coverage on BB&T Corporation in a research note on Wednesday, August 9th. They set a “market perform” rating and a $44.00 price objective for the company. Piper Jaffray Companies reissued a “hold” rating and set a $48.00 price objective on shares of BB&T Corporation in a research note on Sunday, October 22nd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 price objective on shares of BB&T Corporation in a research note on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. BB&T Corporation has a consensus rating of “Hold” and a consensus price target of $49.18.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of BB&T Corporation by 3.4% during the 1st quarter. Legal & General Group Plc now owns 3,892,901 shares of the insurance provider’s stock valued at $174,020,000 after buying an additional 126,549 shares in the last quarter. HRT Financial LLC raised its position in shares of BB&T Corporation by 26.2% during the 1st quarter. HRT Financial LLC now owns 9,179 shares of the insurance provider’s stock valued at $410,000 after buying an additional 1,908 shares in the last quarter. Bank of America Corp DE raised its position in shares of BB&T Corporation by 0.3% during the 1st quarter. Bank of America Corp DE now owns 12,766,336 shares of the insurance provider’s stock valued at $570,655,000 after buying an additional 43,867 shares in the last quarter. Shelter Mutual Insurance Co raised its position in shares of BB&T Corporation by 145.5% during the 2nd quarter. Shelter Mutual Insurance Co now owns 84,200 shares of the insurance provider’s stock valued at $3,823,000 after buying an additional 49,900 shares in the last quarter. Finally, Probity Advisors Inc. raised its position in shares of BB&T Corporation by 16.3% during the 1st quarter. Probity Advisors Inc. now owns 23,684 shares of the insurance provider’s stock valued at $1,059,000 after buying an additional 3,323 shares in the last quarter. Hedge funds and other institutional investors own 65.82% of the company’s stock.

About BB&T Corporation

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.

Insider Buying and Selling by Quarter for BB&T Corporation (NYSE:BBT)

What are top analysts saying about BB&T Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BB&T Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit