BB&T (BBT) Stock Rating Reaffirmed by Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their hold rating on shares of BB&T (NYSE:BBT) in a report published on Tuesday morning. The firm currently has a $53.00 price objective on the insurance provider’s stock.

A number of other equities analysts have also weighed in on BBT. Zacks Investment Research upgraded shares of BB&T from a hold rating to a buy rating and set a $56.00 target price for the company in a research report on Tuesday, January 2nd. Barclays upped their target price on shares of BB&T from $51.00 to $57.00 and gave the stock an equal weight rating in a research report on Tuesday, January 2nd. Robert W. Baird restated a hold rating and set a $50.00 target price on shares of BB&T in a research report on Wednesday, January 3rd. Vining Sparks restated a buy rating and set a $59.00 target price on shares of BB&T in a research report on Monday. Finally, JPMorgan Chase & Co. upped 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. Fourteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $51.84.

BB&T (NYSE:BBT) traded up $0.62 on Tuesday, hitting $52.71. 3,832,000 shares of the company’s stock were exchanged, compared to its average volume of 3,532,457. 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 has a fifty-two week low of $41.17 and a fifty-two week high of $53.35. The company has a market capitalization of $41,580.00, a price-to-earnings ratio of 19.59, a P/E/G ratio of 2.09 and a beta of 1.00.

BB&T (NYSE:BBT) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.78. BB&T had a net margin of 19.42% and a return on equity of 9.64%. The firm had revenue of $2.85 billion during 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. BB&T’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts expect that BB&T will post 3.1 EPS for the current year.

In other BB&T news, VP Donta L. Wilson sold 4,250 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $47.51, for a total transaction of $201,917.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donna C. Goodrich sold 10,799 shares of the 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 transaction, the insider now owns 47,182 shares of the company’s stock, valued at approximately $2,206,702.14. The disclosure for this sale can be found here. Insiders have sold 182,150 shares of company stock valued at $8,712,859 in the last quarter. 0.36% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in BBT. First Merchants Corp raised its stake in shares of BB&T by 9.1% in the third quarter. First Merchants Corp now owns 80,743 shares of the insurance provider’s stock valued at $3,790,000 after acquiring an additional 6,753 shares during the period. Captrust Financial Advisors purchased a new stake in shares of BB&T in the second quarter valued at $2,118,000. Bank of Hawaii purchased a new stake in shares of BB&T in the third quarter valued at $657,000. BRYN MAWR TRUST Co raised its stake in shares of BB&T by 7.2% in the second quarter. BRYN MAWR TRUST Co now owns 183,137 shares of the insurance provider’s stock valued at $8,317,000 after acquiring an additional 12,361 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of BB&T by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider’s stock valued at $414,436,000 after acquiring an additional 86,200 shares during the period. Institutional investors and hedge funds own 65.28% of the company’s stock.

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About BB&T

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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