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

Several other equities research analysts have also recently issued reports on the company. Vining Sparks reaffirmed a buy rating and issued a $59.00 target price on shares of BB&T in a report on Monday, January 8th. Morgan Stanley raised BB&T from an underweight rating to an equal weight rating and set a $50.00 target price on the stock in a report on Monday, January 8th. Robert W. Baird reaffirmed a hold rating and issued a $50.00 target price on shares of BB&T in a report on Wednesday, January 3rd. Barclays lifted their target price on BB&T from $51.00 to $57.00 and gave the stock an equal weight rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research raised BB&T from a hold rating to a buy rating and set a $56.00 target price on the stock in a report on Tuesday, January 2nd. Fourteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $52.00.

BB&T (BBT) traded down $0.02 during trading hours on Tuesday, reaching $53.14. The company’s stock had a trading volume of 4,418,407 shares, compared to its average volume of 3,038,914. 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 capitalization of $41,939.04, a PE ratio of 19.75, a PEG ratio of 1.62 and a beta of 0.99. BB&T has a twelve month low of $41.17 and a twelve month high of $53.91.

BB&T (NYSE:BBT) last issued its earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. BB&T had a return on equity of 9.64% and a net margin of 19.42%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. research analysts forecast that BB&T will post 3.1 EPS for the current year.

In other BB&T news, Chairman Kelly S. King sold 66,372 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $47.53, for a total transaction of $3,154,661.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Donta L. Wilson sold 4,250 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $47.51, for a total value of $201,917.50. The disclosure for this sale can be found here. Insiders have sold 182,150 shares of company stock worth $8,712,859 over the last three months. 0.36% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BBT. Schroder Investment Management Group increased its stake in BB&T by 781.2% during the second quarter. Schroder Investment Management Group now owns 572,784 shares of the insurance provider’s stock worth $26,125,000 after acquiring an additional 507,784 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of BB&T by 2.4% during the second quarter. Franklin Resources Inc. now owns 2,347,643 shares of the insurance provider’s stock valued at $106,606,000 after buying an additional 55,023 shares during the period. Alliancebernstein L.P. boosted its position in shares of BB&T by 2.2% during the second quarter. Alliancebernstein L.P. now owns 1,390,603 shares of the insurance provider’s stock valued at $63,147,000 after buying an additional 30,469 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of BB&T by 29.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,750 shares of the insurance provider’s stock valued at $1,487,000 after buying an additional 7,442 shares during the period. Finally, Coastline Trust Co boosted its position in shares of BB&T by 11.6% during the second quarter. Coastline Trust Co now owns 44,855 shares of the insurance provider’s stock valued at $2,037,000 after buying an additional 4,660 shares during the period. 65.28% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for BB&T (NYSE:BBT)

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