BB&T Co. (NYSE:BBT) – Research analysts at SunTrust Banks dropped their Q1 2018 EPS estimates for BB&T in a research report issued on Monday. SunTrust Banks analyst J. Demba now forecasts that the insurance provider will post earnings per share of $0.77 for the quarter, down from their prior forecast of $0.80. SunTrust Banks currently has a “Buy” rating and a $52.00 target price on the stock. SunTrust Banks also issued estimates for BB&T’s Q2 2018 earnings at $1.01 EPS and FY2018 earnings at $3.71 EPS.

Other research analysts also recently issued research reports about the company. Citigroup upgraded BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Tuesday. FBR & Co set a $48.00 target price on BB&T and gave the stock a “hold” rating in a research note on Friday, October 20th. Morgan Stanley upgraded BB&T from an “underweight” rating to an “equal weight” rating and set a $50.00 target price for the company in a research note on Monday. UBS Group upgraded BB&T from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Finally, Stephens upgraded BB&T from an “equal weight” rating to an “overweight” rating and set a $53.00 target price for the company in a research note on Thursday, October 5th. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. BB&T presently has a consensus rating of “Hold” and an average target price of $51.84.

Shares of BB&T (NYSE:BBT) traded up $0.62 during midday trading on Tuesday, reaching $52.71. The company’s stock had a trading volume of 4,032,100 shares, compared to its average volume of 3,532,457. BB&T has a fifty-two week low of $41.17 and a fifty-two week high of $53.35. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78. The company has a market cap of $41,720.00, a P/E 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 EPS for the quarter, hitting the consensus estimate of $0.78. BB&T had a return on equity of 9.64% and a net margin of 19.42%. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC purchased a new position in shares of BB&T during the 2nd quarter valued at about $111,000. Highstreet Asset Management Inc. raised its holdings in shares of BB&T by 105.3% during the 3rd quarter. Highstreet Asset Management Inc. now owns 3,053 shares of the insurance provider’s stock valued at $143,000 after buying an additional 1,566 shares in the last quarter. Cable Hill Partners LLC raised its holdings in shares of BB&T by 7,184.0% during the 3rd quarter. Cable Hill Partners LLC now owns 3,642 shares of the insurance provider’s stock valued at $171,000 after buying an additional 3,592 shares in the last quarter. Zions Bancorporation raised its holdings in shares of BB&T by 120.5% during the 3rd quarter. Zions Bancorporation now owns 3,704 shares of the insurance provider’s stock valued at $174,000 after buying an additional 2,024 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its holdings in shares of BB&T by 199.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,249 shares of the insurance provider’s stock valued at $191,000 after buying an additional 1,499 shares in the last quarter. 65.28% of the stock is currently owned by institutional investors.

In related news, EVP W Bennett Bradley sold 7,762 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $48.16, for a total transaction of $373,817.92. Following the transaction, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at approximately $1,172,262.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher L. Henson sold 42,233 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $47.56, for a total value of $2,008,601.48. Following the transaction, the insider now directly owns 207,620 shares in the company, valued at $9,874,407.20. The disclosure for this sale can be found here. In 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.

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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.

Earnings History and Estimates for BB&T (NYSE:BBT)

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