Piper Jaffray Companies reaffirmed their hold rating on shares of BB&T (NYSE:BBT) in a research report report published on Tuesday. The firm currently has a $53.00 target price 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.
Shares of BB&T (NYSE BBT) traded up $0.62 during trading hours on Tuesday, hitting $52.71. 3,832,000 shares of the company 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 12-month low of $41.17 and a 12-month high of $53.35. The company has a market capitalization of $41,580.00, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00.
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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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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