Investors Purchase Large Volume of BB&T Call Options (BBT)

BB&T (NYSE:BBT) was the target of unusually large options trading activity on Tuesday. Traders bought 5,216 call options on the stock. This represents an increase of 522% compared to the typical daily volume of 839 call options.

In related news, Director Nido R. Qubein sold 21,025 shares of BB&T stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $54.50, for a total transaction of $1,145,862.50. Following the sale, the director now directly owns 59,513 shares in the company, valued at approximately $3,243,458.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director I. Patricia Henry sold 2,825 shares of BB&T stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $55.20, for a total transaction of $155,940.00. Following the sale, the director now owns 4,375 shares in the company, valued at $241,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 170,078 shares of company stock worth $9,316,414. 0.51% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Haverford Trust Co. increased its stake in BB&T by 38.1% during the 4th quarter. Haverford Trust Co. now owns 9,273 shares of the insurance provider’s stock valued at $461,000 after purchasing an additional 2,556 shares in the last quarter. Bank of Hawaii increased its stake in BB&T by 7.5% during the 4th quarter. Bank of Hawaii now owns 15,044 shares of the insurance provider’s stock valued at $748,000 after purchasing an additional 1,044 shares in the last quarter. Genesee Valley Trust Co. bought a new stake in BB&T during the 4th quarter valued at $230,000. Toronto Dominion Bank increased its stake in BB&T by 10.4% during the 4th quarter. Toronto Dominion Bank now owns 342,627 shares of the insurance provider’s stock valued at $17,036,000 after purchasing an additional 32,232 shares in the last quarter. Finally, Suntrust Banks Inc. increased its stake in BB&T by 4.1% during the 4th quarter. Suntrust Banks Inc. now owns 398,399 shares of the insurance provider’s stock valued at $19,806,000 after purchasing an additional 15,612 shares in the last quarter. Institutional investors own 63.77% of the company’s stock.



NYSE:BBT opened at $52.20 on Thursday. The firm has a market capitalization of $40,190.97, a PE ratio of 16.62, a P/E/G ratio of 1.19 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.87 and a quick ratio of 0.86. BB&T has a twelve month low of $41.17 and a twelve month high of $56.31.

BB&T (NYSE:BBT) last released its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, beating the 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 net margin of 19.25% and a return on equity of 9.93%. BB&T’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. analysts forecast that BB&T will post 3.94 EPS for the current fiscal year.

The business also recently disclosed a None dividend, which was paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th were paid a $0.045 dividend. The ex-dividend date was Monday, March 5th. This represents a dividend yield of 2.37%. BB&T’s dividend payout ratio is currently 42.04%.

A number of brokerages have recently issued reports on BBT. Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 price target on shares of BB&T in a research report on Thursday, April 5th. Zacks Investment Research downgraded shares of BB&T from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Edward Jones upgraded shares of BB&T from a “hold” rating to a “buy” rating in a research report on Wednesday. Oppenheimer restated a “hold” rating on shares of BB&T in a research report on Thursday, January 18th. Finally, B. Riley restated a “hold” rating and issued a $55.00 price target on shares of BB&T in a research report on Thursday, January 18th. Fourteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.76.

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About BB&T

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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