BB&T Corporation (BBT) Given Media Impact Rating of 0.12
News articles about BB&T Corporation (NYSE:BBT) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BB&T Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 46.6944707341577 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- SunTrust Banks Comments on BB&T Corporation’s Q3 2017 Earnings (BBT) (americanbankingnews.com)
- Reduce Holdings On Regional Banks BB&T, PNC And Two Others … – Forbes (forbes.com)
- BB&T gets new market president (nashvillepost.com)
- Reduce Holdings On Regional Banks BB&T, PNC And Two Others, Here’s Why (finance.yahoo.com)
- Q4 2017 Earnings Forecast for BB&T Corporation (BBT) Issued By SunTrust Banks (americanbankingnews.com)
BB&T Corporation (BBT) opened at 45.34 on Tuesday. The company has a market cap of $36.64 billion, a PE ratio of 16.92 and a beta of 1.08. The company has a 50-day moving average of $46.08 and a 200 day moving average of $44.85. BB&T Corporation has a 12 month low of $36.80 and a 12 month high of $49.88.
BB&T Corporation (NYSE:BBT) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.89 billion. BB&T Corporation had a net margin of 19.57% and a return on equity of 9.62%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. On average, equities analysts forecast that BB&T Corporation will post $2.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was 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 is 49.25%.
BB&T Corporation announced that its Board of Directors has authorized a share buyback program on Wednesday, June 28th that allows the company to repurchase $1.88 billion in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 5.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.
A number of analysts have weighed in on BBT shares. BidaskClub upgraded BB&T Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. BMO Capital Markets reiterated a “hold” rating and set a $49.00 price target on shares of BB&T Corporation in a report on Friday, July 21st. Hilliard Lyons downgraded BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a report on Friday, July 21st. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price target on shares of BB&T Corporation in a report on Friday, July 14th. Finally, Robert W. Baird reiterated a “hold” rating and set a $45.00 price target on shares of BB&T Corporation in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.38.
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In other BB&T Corporation news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $47.19, for a total value of $865,606.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Hudson Weaver sold 8,752 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.91, for a total transaction of $410,556.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,610 shares of company stock worth $2,618,364. Corporate insiders own 0.36% of the company’s stock.
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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