BB&T Corporation (BBT) Given Hold Rating at Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of BB&T Corporation (NYSE:BBT) in a research report sent to investors on Friday, July 14th. The firm currently has a $49.00 price objective on the insurance provider’s stock. Jefferies Group also issued estimates for BB&T Corporation’s Q4 2017 earnings at $0.81 EPS.

A number of other research firms also recently issued reports on BBT. BidaskClub upgraded BB&T Corporation from a sell rating to a hold rating in a research note on Saturday, June 10th. FBR & Co restated a hold rating on shares of BB&T Corporation in a research note on Friday, April 21st. Hilliard Lyons upgraded BB&T Corporation from a neutral rating to a buy rating and lowered their target price for the company from $51.00 to $49.00 in a research note on Monday, April 24th. Royal Bank Of Canada reiterated a buy rating and issued a $50.00 target price on shares of BB&T Corporation in a research note on Tuesday, April 4th. Finally, Oppenheimer Holdings, Inc. reiterated a hold rating on shares of BB&T Corporation in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $47.43.

BB&T Corporation (BBT) opened at 48.25 on Friday. BB&T Corporation has a 52 week low of $36.75 and a 52 week high of $49.88. The stock has a 50 day moving average of $45.60 and a 200 day moving average of $45.15. The company has a market cap of $38.99 billion, a PE ratio of 18.01 and a beta of 1.07.

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, hitting analysts’ consensus estimates of $0.77. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.89 billion. BB&T Corporation had a return on equity of 9.62% and a net margin of 19.57%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Equities research analysts predict that BB&T Corporation will post $2.83 EPS for the current fiscal year.

WARNING: “BB&T Corporation (BBT) Given Hold Rating at Jefferies Group LLC” was originally reported by BBNS and is owned by of BBNS. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/bbt-corporation-bbt-rating-reiterated-by-jefferies-group-llc-updated-updated-updated/1199930.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This is a boost from BB&T Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 2.74%. BB&T Corporation’s payout ratio is currently 44.78%.

BB&T Corporation declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 28th that permits the company to buyback $1.88 billion in shares. This buyback authorization permits the insurance provider to purchase up to 5.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

In other news, insider Robert Jerome Johnson, Jr. sold 18,343 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $47.19, for a total value of $865,606.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William Rufus Yates sold 28,515 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 34,887 shares of the company’s stock, valued at $1,642,131.09. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BBT. Commerce Bank boosted its position in BB&T Corporation by 0.9% in the second quarter. Commerce Bank now owns 482,913 shares of the insurance provider’s stock worth $21,929,000 after buying an additional 4,092 shares during the period. Newman Dignan & Sheerar Inc. increased its stake in shares of BB&T Corporation by 11.1% in the second quarter. Newman Dignan & Sheerar Inc. now owns 22,146 shares of the insurance provider’s stock worth $1,006,000 after buying an additional 2,212 shares in the last quarter. Good Life Advisors LLC increased its stake in shares of BB&T Corporation by 23.0% in the second quarter. Good Life Advisors LLC now owns 5,989 shares of the insurance provider’s stock worth $271,000 after buying an additional 1,121 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its stake in shares of BB&T Corporation by 1.9% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 7,417 shares of the insurance provider’s stock worth $337,000 after buying an additional 140 shares in the last quarter. Finally, Motco increased its stake in shares of BB&T Corporation by 2.0% in the second quarter. Motco now owns 71,991 shares of the insurance provider’s stock worth $3,269,000 after buying an additional 1,386 shares in the last quarter. 64.45% of the stock is owned by institutional investors.

About BB&T Corporation

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 Corporation (NYSE:BBT)

Receive News & Ratings for BB&T Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras


Leave a Reply

 
© 2006-2017 BBNS.