BB&T Corporation (NYSE:BBT) declared a quarterly dividend on Monday, October 23rd, RTT News reports. Stockholders of record on Friday, November 10th will be paid a dividend of 0.33 per share by the insurance provider on Friday, December 1st. This represents a $1.32 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Thursday, November 9th.
BB&T Corporation has increased its dividend payment by an average of 0.9% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. BB&T Corporation has a payout ratio of 42.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BB&T Corporation to earn $3.44 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 38.4%.
BB&T Corporation (NYSE:BBT) opened at $49.54 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. BB&T Corporation has a fifty-two week low of $38.23 and a fifty-two week high of $49.91. The firm has a market cap of $39.08 billion, a PE ratio of 16.37, a PEG ratio of 2.28 and a beta of 1.01.
BB&T Corporation (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. BB&T Corporation had a net margin of 19.42% and a return on equity of 9.64%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. sell-side analysts forecast that BB&T Corporation will post 3.1 EPS for the current fiscal year.
In other news, insider Donna C. Goodrich sold 26,869 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $49.13, for a total transaction of $1,320,073.97. Following the completion of the transaction, the insider now directly owns 78,589 shares of the company’s stock, valued at approximately $3,861,077.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Kelly S. King sold 66,372 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.53, for a total transaction of $3,154,661.16. The disclosure for this sale can be found here. Insiders have sold a total of 180,103 shares of company stock valued at $8,618,346 over the last three months. Insiders own 0.36% of the company’s stock.
A number of equities research analysts recently weighed in on BBT shares. Jefferies Group LLC restated a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a report on Friday, July 14th. Hilliard Lyons lowered shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Friday, July 21st. BMO Capital Markets restated a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a report on Friday, July 21st. Macquarie upgraded shares of BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a report on Friday, August 4th. Finally, BidaskClub upgraded shares of BB&T Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.17.
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.
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