Analysts Set BB&T Co. (NYSE:BBT) Target Price at $54.40

BB&T Co. (NYSE:BBT) has earned a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $54.40.

A number of equities research analysts recently issued reports on BBT shares. Morgan Stanley set a $51.00 price objective on BB&T and gave the company a “hold” rating in a research note on Friday, August 9th. Wells Fargo & Co set a $55.00 price target on BB&T and gave the company a “buy” rating in a research report on Friday, August 16th. UBS Group decreased their price target on BB&T from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. ValuEngine cut BB&T from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Deutsche Bank set a $59.00 price target on BB&T and gave the company a “buy” rating in a research report on Friday, July 26th.

In related news, insider David Hudson Weaver sold 21,705 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $51.44, for a total transaction of $1,116,505.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nido R. Qubein sold 4,500 shares of the stock in a transaction on Sunday, September 1st. The stock was sold at an average price of $25.00, for a total value of $112,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,099,147 shares of company stock valued at $714,407,173. 0.49% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its holdings in BB&T by 16.5% in the third quarter. State of Alaska Department of Revenue now owns 202,501 shares of the insurance provider’s stock worth $10,806,000 after purchasing an additional 28,713 shares in the last quarter. Cullinan Associates Inc. grew its stake in shares of BB&T by 5.1% in the third quarter. Cullinan Associates Inc. now owns 193,770 shares of the insurance provider’s stock worth $10,341,000 after acquiring an additional 9,402 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of BB&T by 4.3% in the second quarter. Macquarie Group Ltd. now owns 15,426,112 shares of the insurance provider’s stock worth $757,885,000 after acquiring an additional 633,529 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of BB&T by 3.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 218,373 shares of the insurance provider’s stock worth $10,729,000 after acquiring an additional 6,984 shares during the last quarter. Finally, Boston Partners grew its stake in shares of BB&T by 22.8% in the second quarter. Boston Partners now owns 7,046,122 shares of the insurance provider’s stock worth $346,224,000 after acquiring an additional 1,308,268 shares during the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.

BB&T stock traded up $0.85 during midday trading on Wednesday, reaching $51.66. The stock had a trading volume of 4,405,870 shares, compared to its average volume of 5,091,983. BB&T has a 12 month low of $40.68 and a 12 month high of $53.90. The firm’s 50-day moving average price is $49.66 and its 200 day moving average price is $49.13. The firm has a market capitalization of $39.58 billion, a PE ratio of 12.76, a P/E/G ratio of 1.37 and a beta of 1.17. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.79.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, July 18th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. BB&T had a return on equity of 12.23% and a net margin of 23.58%. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the business posted $1.01 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts expect that BB&T will post 4.25 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 14th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.48%. This is a positive change from BB&T’s previous quarterly dividend of $0.41. BB&T’s dividend payout ratio is currently 44.44%.

About BB&T

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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Analyst Recommendations for BB&T (NYSE:BBT)

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