BB&T Corp. (NYSE:BBT)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $35.60, but opened at $35.90. BB&T Corp. shares last traded at $36.57, with a volume of 1,973,979 shares changing hands.

Several equities analysts have commented on the company. FBR & Co reaffirmed a “buy” rating on shares of BB&T Corp. in a research report on Saturday, April 23rd. Credit Suisse Group AG reaffirmed a “buy” rating on shares of BB&T Corp. in a research report on Sunday, April 17th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $39.00 price objective on shares of BB&T Corp. in a research report on Saturday, June 4th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of BB&T Corp. in a research report on Saturday, July 9th. Finally, FIG Partners downgraded BB&T Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.94.

The company has a market cap of $28.69 billion and a PE ratio of 14.31. The company has a 50 day moving average of $35.69 and a 200-day moving average of $34.30.

BB&T Corp. (NYSE:BBT) last released its earnings results on Thursday, April 21st. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.05. During the same period in the previous year, the firm earned $0.68 earnings per share. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.59 billion. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that BB&T Corp. will post $2.76 EPS for the current year.

In related news, VP Steven B. Wiggs sold 21,435 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $33.83, for a total transaction of $725,146.05. Following the completion of the transaction, the vice president now directly owns 11,099 shares of the company’s stock, valued at approximately $375,479.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer S. Banner sold 1,545 shares of the business’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $36.26, for a total value of $56,021.70. Following the transaction, the director now directly owns 31,061 shares of the company’s stock, valued at $1,126,271.86. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently added to or reduced their stakes in BBT. Synovus Financial Corp boosted its position in BB&T Corp. by 1.3% in the fourth quarter. Synovus Financial Corp now owns 32,857 shares of the company’s stock valued at $1,245,000 after buying an additional 426 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of BB&T Corp. by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 87,026 shares of the company’s stock worth $3,290,000 after buying an additional 437 shares during the period. Cornercap Investment Counsel Inc. increased its stake in shares of BB&T Corp. by 0.5% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 233,468 shares of the company’s stock worth $8,827,000 after buying an additional 1,055 shares during the period. Tredje AP fonden increased its stake in shares of BB&T Corp. by 2.5% in the fourth quarter. Tredje AP fonden now owns 48,037 shares of the company’s stock worth $1,816,000 after buying an additional 1,178 shares during the period. Finally, Pinnacle Associates Ltd. increased its stake in shares of BB&T Corp. by 1.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 130,685 shares of the company’s stock worth $4,941,000 after buying an additional 1,653 shares during the period.

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