A number of other research firms also recently commented on BBT. Zacks Investment Research downgraded shares of BB&T from a hold rating to a sell rating in a report on Friday, November 3rd. Keefe, Bruyette & Woods reissued a hold rating and issued a $50.00 target price on shares of BB&T in a research report on Thursday, December 14th. J P Morgan Chase & Co lifted their target price on shares of BB&T from $48.50 to $49.00 and gave the stock a neutral rating in a research report on Wednesday, November 1st. Citigroup reissued a neutral rating and issued a $49.00 target price (up from $47.00) on shares of BB&T in a research report on Monday, October 9th. Finally, Royal Bank of Canada reissued a buy rating and issued a $50.00 target price on shares of BB&T in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. BB&T has an average rating of Hold and an average price target of $49.67.
BB&T (BBT) traded down $0.19 during mid-day trading on Wednesday, hitting $49.84. 2,925,800 shares of the company’s stock were exchanged, compared to its average volume of 4,389,316. BB&T has a one year low of $41.17 and a one year high of $51.11. The company has a market cap of $39,469.72, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 2.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.65%. The ex-dividend date was Thursday, November 9th. BB&T’s payout ratio is currently 49.07%.
In other BB&T news, insider Donna C. Goodrich sold 26,869 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $49.13, for a total value of $1,320,073.97. Following the sale, the insider now owns 78,589 shares of the company’s stock, valued at approximately $3,861,077.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Donna C. Goodrich sold 10,799 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $46.77, for a total transaction of $505,069.23. Following the completion of the sale, the insider now directly owns 47,182 shares in the company, valued at approximately $2,206,702.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 182,150 shares of company stock valued at $8,712,859. Corporate insiders own 0.36% of the company’s stock.
A number of institutional investors have recently made changes to their positions in BBT. Dupont Capital Management Corp bought a new stake in shares of BB&T in the 2nd quarter worth about $170,000. GW Henssler & Associates Ltd. grew its holdings in BB&T by 1.2% during the 2nd quarter. GW Henssler & Associates Ltd. now owns 23,037 shares of the insurance provider’s stock worth $1,046,000 after acquiring an additional 273 shares during the last quarter. Ballentine Partners LLC bought a new stake in BB&T during the 2nd quarter worth about $200,000. Deprince Race & Zollo Inc. grew its holdings in BB&T by 2.6% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,136,576 shares of the insurance provider’s stock worth $51,612,000 after acquiring an additional 28,848 shares during the last quarter. Finally, Hartland & Co. LLC grew its holdings in BB&T by 2.6% during the 2nd quarter. Hartland & Co. LLC now owns 20,028 shares of the insurance provider’s stock worth $909,000 after acquiring an additional 500 shares during the last quarter. 65.28% of the stock is currently owned by hedge funds and other institutional investors.
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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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