BB&T Co. (BBT) Shares Bought by Zions Bancorporation

Zions Bancorporation increased its holdings in shares of BB&T Co. (NYSE:BBT) by 120.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,704 shares of the insurance provider’s stock after purchasing an additional 2,024 shares during the period. Zions Bancorporation’s holdings in BB&T were worth $174,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BBT. Signature Estate & Investment Advisors LLC acquired a new stake in BB&T during the 2nd quarter worth $111,000. Community Bank N.A. boosted its stake in BB&T by 6.2% during the 2nd quarter. Community Bank N.A. now owns 2,474 shares of the insurance provider’s stock worth $112,000 after purchasing an additional 144 shares during the period. Highstreet Asset Management Inc. boosted its stake in BB&T by 105.3% during the 3rd quarter. Highstreet Asset Management Inc. now owns 3,053 shares of the insurance provider’s stock worth $143,000 after purchasing an additional 1,566 shares during the period. Dupont Capital Management Corp acquired a new stake in BB&T during the 2nd quarter worth $170,000. Finally, Cable Hill Partners LLC boosted its stake in BB&T by 7,184.0% during the 3rd quarter. Cable Hill Partners LLC now owns 3,642 shares of the insurance provider’s stock worth $171,000 after purchasing an additional 3,592 shares during the period. Hedge funds and other institutional investors own 65.39% of the company’s stock.

BB&T Co. (NYSE:BBT) opened at $50.28 on Wednesday. The company has a market cap of $39,248.82, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 2.29 and a beta of 0.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.85 and a current ratio of 0.86. BB&T Co. has a 12-month low of $41.17 and a 12-month high of $51.11.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.78. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. BB&T had a net margin of 19.42% and a return on equity of 9.64%. BB&T’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. sell-side analysts expect that BB&T Co. will post 3.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, November 9th. This represents a $1.32 dividend on an annualized basis and a yield of 2.63%. BB&T’s payout ratio is currently 49.07%.

A number of brokerages recently weighed in on BBT. J P Morgan Chase & Co increased their price target on shares of BB&T from $48.50 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. BMO Capital Markets increased their price target on shares of BB&T from $48.00 to $49.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. FBR & Co set a $48.00 price target on shares of BB&T and gave the stock a “hold” rating in a research note on Friday, October 20th. BidaskClub cut shares of BB&T from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research upgraded shares of BB&T from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $49.24.

In other news, insider Christopher L. Henson sold 42,233 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $47.56, for a total value of $2,008,601.48. Following the completion of the transaction, the insider now owns 207,620 shares in the company, valued at approximately $9,874,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP W Bennett Bradley sold 7,762 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $48.16, for a total transaction of $373,817.92. Following the completion of the transaction, the executive vice president now owns 24,341 shares of the company’s stock, valued at approximately $1,172,262.56. The disclosure for this sale can be found here. Insiders sold a total of 182,150 shares of company stock valued at $8,712,859 in the last quarter. Insiders own 0.36% of the company’s stock.

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BB&T 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.

Institutional Ownership by Quarter for BB&T (NYSE:BBT)

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