BB&T Corp. (NYSE:BBT) Chairman Kelly S. King sold 46,216 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $36.76, for a total transaction of $1,698,900.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
BB&T Corp. (NYSE:BBT) traded down 0.11% during midday trading on Wednesday, reaching $36.95. 3,524,466 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $35.77 and its 200 day moving average is $34.29. The firm has a market capitalization of $30.10 billion and a P/E ratio of 14.26. BB&T Corp. has a 52 week low of $29.95 and a 52 week high of $41.39.
BB&T Corp. (NYSE:BBT) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, analysts expect that BB&T Corp. will post $2.76 EPS for the current fiscal year.
A number of research analysts have weighed in on BBT shares. Vetr upgraded shares of BB&T Corp. from a “buy” rating to a “strong-buy” rating and set a $39.62 price objective for the company in a research report on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating and set a $39.00 target price on shares of BB&T Corp. in a research note on Wednesday, June 15th. SunTrust Banks Inc. raised shares of BB&T Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $40.00 in a research note on Monday, May 16th. BMO Capital Markets reissued an “outperform” rating and set a $40.00 target price on shares of BB&T Corp. in a research note on Wednesday, July 6th. Finally, Rafferty Capital Markets raised shares of BB&T Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, June 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.78.
