Somewhat Positive News Coverage Somewhat Unlikely to Affect BB&T Corporation (BBT) Stock Price
Media coverage about BB&T Corporation (NYSE:BBT) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news 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 media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 46.0996315805632 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Stocks Under Review: Regions Financial Corporation, (NYSE: RF), BB&T Corporation, (NYSE: BBT), Huntsman … – Stocks In The News (press release) (tradingnewsnow.com)
- BB&T Corporation COO to speak at Bank of America Merrill Lynch 2017 Future of Financials Conference – PR Newswire (press release) (prnewswire.com)
- BB&T Corporation (BBT) Ex-Dividend Date Scheduled for November 09, 2017 – Nasdaq (nasdaq.com)
- BB&T Corp. :BBT-US: Earnings Analysis: Q3, 2017 By the Numbers : November 8, 2017 (finance.yahoo.com)
Shares of BB&T Corporation (BBT) opened at $46.13 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. BB&T Corporation has a one year low of $41.17 and a one year high of $49.91. The company has a market capitalization of $36,882.06, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 2.15 and a beta of 1.00.
BB&T Corporation (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 19th. The insurance provider reported $0.78 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.78. BB&T Corporation had a return on equity of 9.64% and a net margin of 19.42%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts expect that BB&T Corporation will post 3.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $0.33 dividend. The ex-dividend date is Thursday, November 9th. This represents a $1.32 dividend on an annualized basis and a yield of 2.86%. BB&T Corporation’s dividend payout ratio (DPR) is presently 49.07%.
BBT has been the subject of several research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a research report on Friday, July 14th. Hilliard Lyons downgraded BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research report on Friday, July 21st. BMO Capital Markets reiterated a “hold” rating and issued a $49.00 target price on shares of BB&T Corporation in a research report on Friday, July 21st. Macquarie upgraded BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 target price for the company in a research report on Friday, August 4th. Finally, BidaskClub upgraded BB&T Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. BB&T Corporation has a consensus rating of “Hold” and a consensus price target of $49.17.
In other BB&T Corporation news, insider Donna C. Goodrich sold 26,869 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $49.13, for a total value of $1,320,073.97. Following the completion of the sale, the insider now owns 78,589 shares of the company’s stock, valued at $3,861,077.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Donta L. Wilson sold 4,250 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were 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 sold 180,103 shares of company stock valued at $8,618,346 in the last three months. 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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