BB&T Corporation (BBT) Earns Coverage Optimism Score of 0.12
Media headlines about BB&T Corporation (NYSE:BBT) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BB&T Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 46.1671765111081 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- See what the IHS Markit Score report has to say about BB&T Corp. (finance.yahoo.com)
- BB&T Corporation (BBT) Receives New Coverage from Analysts at Wells Fargo & Company (americanbankingnews.com)
- Is This Just A Random Move? – BB&T Corporation (BBT), International Business Machines Corporation (IBM) – AllStockNews (allstocknews.com)
- Watch for Shares of Bb&T Corp (BBT) to Approach Support at $47.93 (mysmartrend.com)
- BB&T Corp Sells 1417 Shares of Ralph Lauren Corporation (RL) (joshnaijablog.com)
Shares of BB&T Corporation (NYSE BBT) traded down 0.48% during mid-day trading on Wednesday, reaching $47.69. The company had a trading volume of 4,355,587 shares. The company’s 50-day moving average price is $45.60 and its 200-day moving average price is $45.15. The company has a market capitalization of $38.54 billion, a PE ratio of 17.80 and a beta of 1.07. BB&T Corporation has a 52-week low of $36.75 and a 52-week high of $49.88.
BB&T Corporation (NYSE:BBT) last released its earnings results on Thursday, July 20th. The insurance provider reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, analysts forecast that BB&T Corporation will post $2.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a boost from BB&T Corporation’s previous quarterly dividend of $0.30. BB&T Corporation’s dividend payout ratio (DPR) is presently 44.78%.
BB&T Corporation announced that its board has authorized a stock buyback plan on Wednesday, June 28th that authorizes the company to repurchase $1.88 billion in shares. This repurchase authorization authorizes the insurance provider to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
A number of research analysts have commented on the company. BidaskClub upgraded BB&T Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company assumed coverage on BB&T Corporation in a research note on Wednesday. They set a “market perform” rating on the stock. Macquarie upgraded BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price objective on the stock in a research note on Friday, August 4th. FBR & Co restated a “hold” rating on shares of BB&T Corporation in a research note on Friday, April 21st. Finally, BMO Capital Markets restated a “hold” rating and set a $49.00 price objective on shares of BB&T Corporation in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.40.
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In other BB&T Corporation news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total transaction of $865,606.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William Rufus Yates sold 28,515 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the transaction, the executive vice president now owns 34,887 shares of the company’s stock, valued at approximately $1,642,131.09. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.
BB&T Corporation Company 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.
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