Community Bank N.A. Has $910,000 Stake in BB&T Co. (NYSE:BBT)

Community Bank N.A. lifted its stake in shares of BB&T Co. (NYSE:BBT) by 19.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,060 shares of the insurance provider’s stock after buying an additional 2,730 shares during the quarter. Community Bank N.A.’s holdings in BB&T were worth $910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Banyan Capital Management Inc. grew its holdings in BB&T by 3.4% during the 2nd quarter. Banyan Capital Management Inc. now owns 61,361 shares of the insurance provider’s stock valued at $3,015,000 after buying an additional 2,005 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in BB&T by 6.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 553,837 shares of the insurance provider’s stock valued at $27,207,000 after buying an additional 34,749 shares in the last quarter. Meadow Creek Investment Management LLC grew its holdings in BB&T by 3.1% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 31,024 shares of the insurance provider’s stock valued at $1,524,000 after buying an additional 924 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in BB&T by 0.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,642,426 shares of the insurance provider’s stock valued at $80,692,000 after buying an additional 7,749 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in BB&T by 3.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,747,893 shares of the insurance provider’s stock valued at $184,134,000 after buying an additional 114,214 shares in the last quarter. 70.11% of the stock is owned by institutional investors.

NYSE:BBT opened at $53.05 on Friday. The business has a 50 day moving average of $51.98 and a 200 day moving average of $49.64. The company has a market capitalization of $40.98 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.71 and a beta of 1.17. BB&T Co. has a 1-year low of $40.68 and a 1-year high of $53.97. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.84.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 17th. The insurance provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. BB&T had a return on equity of 12.25% and a net margin of 23.17%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that BB&T Co. will post 4.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 8th will be given a $0.45 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 3.39%. BB&T’s payout ratio is currently 44.44%.

In related news, Director K. David Jr. Boyer sold 4,285 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $52.64, for a total value of $225,562.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Nido R. Qubein sold 4,500 shares of the company’s 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. Insiders sold 25,077,442 shares of company stock valued at $713,290,667 in the last quarter. Corporate insiders own 0.49% of the company’s stock.

Several research analysts have recently commented on BBT shares. ValuEngine raised BB&T from a “sell” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group raised BB&T from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $58.00 in a report on Tuesday, October 8th. Morgan Stanley set a $51.00 price objective on BB&T and gave the stock a “hold” rating in a report on Friday, August 9th. Wells Fargo & Co set a $55.00 price objective on BB&T and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Deutsche Bank set a $59.00 price objective on BB&T and gave the stock a “buy” rating in a report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $54.50.

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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Institutional Ownership by Quarter for BB&T (NYSE:BBT)

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