Headlines about BB&T (NYSE:BBT) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BB&T earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 44.9619174461418 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- BB&T taps new chief for its smaller Philly market – Philly.com – Philly.com (blog) (philly.com)
- BB&T names Rhodes to lead Greater Delaware Valley region (markets.businessinsider.com)
- Bank Notes: Lincoln Financial gives employees monetary incentives; Janney enters Michigan (finance.yahoo.com)
- 3 Bank Stocks to Buy in March (finance.yahoo.com)
- BB&T Co. (BBT) Director Sells $155,940.00 in Stock (americanbankingnews.com)
A number of brokerages have recently weighed in on BBT. Zacks Investment Research upgraded BB&T from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Wednesday, February 28th. BMO Capital Markets upgraded BB&T from a “market perform” rating to an “outperform” rating and set a $49.00 target price for the company in a research note on Friday, February 9th. They noted that the move was a valuation call. Morgan Stanley raised their target price on BB&T from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. ValuEngine upgraded BB&T from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, B. Riley restated a “hold” rating and issued a $55.00 target price on shares of BB&T in a research note on Thursday, January 18th. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. BB&T currently has an average rating of “Hold” and a consensus target price of $53.81.
BB&T (NYSE:BBT) last posted its earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.86 billion. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. equities research analysts expect that BB&T will post 3.92 EPS for the current fiscal year.
The business also recently announced a None dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th will be given a dividend of $0.045 per share. The ex-dividend date is Monday, March 5th. This represents a dividend yield of 2.37%. BB&T’s payout ratio is currently 49.07%.
In other news, insider Clarke R. Starnes III sold 22,629 shares of BB&T stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.40, for a total transaction of $1,253,646.60. Following the transaction, the insider now owns 107,933 shares in the company, valued at approximately $5,979,488.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher L. Henson sold 48,524 shares of BB&T stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $54.75, for a total value of $2,656,689.00. Following the transaction, the insider now owns 180,089 shares in the company, valued at approximately $9,859,872.75. The disclosure for this sale can be found here. Insiders have sold a total of 170,078 shares of company stock valued at $9,316,414 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.
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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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