BB&T Corporation (NYSE: BBT) has recently received a number of price target changes and ratings updates:

  • 8/9/2017 – BB&T Corporation is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $44.00 price target on the stock.
  • 8/8/2017 – BB&T Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/4/2017 – BB&T Corporation was upgraded by analysts at Macquarie from an “underperform” rating to a “neutral” rating. They now have a $47.00 price target on the stock.
  • 7/21/2017 – BB&T Corporation was downgraded by analysts at Hilliard Lyons from a “buy” rating to a “hold” rating. They now have a $51.00 price target on the stock.
  • 7/21/2017 – BB&T Corporation had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $49.00 price target on the stock.
  • 7/14/2017 – BB&T Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $49.00 price target on the stock.
  • 6/30/2017 – BB&T Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/30/2017 – BB&T Corporation had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $48.00 price target on the stock.
  • 6/24/2017 – BB&T Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of BB&T Corporation (NYSE BBT) traded down 2.12% during midday trading on Thursday, hitting $46.68. 5,226,431 shares of the stock were exchanged. The firm’s 50 day moving average price is $45.93 and its 200-day moving average price is $45.20. The stock has a market cap of $37.72 billion, a P/E ratio of 17.42 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 quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.77 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.77. BB&T Corporation had a return on equity of 9.62% and a net margin of 19.57%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the company posted $0.71 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that BB&T Corporation will post $2.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $0.33 per share. This is a boost from BB&T Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, August 9th. BB&T Corporation’s payout ratio is presently 44.78%.

In related news, EVP William Rufus Yates sold 28,515 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $47.07, for a total value of $1,342,201.05. Following the transaction, the executive vice president now directly owns 34,887 shares of the company’s stock, valued at approximately $1,642,131.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $47.19, for a total value of $865,606.17. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

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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