BB&T Corp. (NYSE:BBT)’s share price gapped up before the market opened 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 brokerages have issued reports on BBT. Credit Suisse Group AG reissued a “buy” rating on shares of BB&T Corp. in a research note on Sunday, April 17th. Wells Fargo & Co. restated a “buy” rating on shares of BB&T Corp. in a report on Saturday, July 9th. FBR & Co restated a “buy” rating on shares of BB&T Corp. in a report on Saturday, April 23rd. Deutsche Bank AG restated a “buy” rating on shares of BB&T Corp. in a report on Sunday, June 26th. Finally, Raymond James Financial Inc. cut BB&T Corp. from a “strong-buy” rating to an “outperform” rating in a report on Thursday, April 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $39.94.

The stock has a market capitalization of $28.77 billion and a price-to-earnings ratio of 14.35. The company’s 50-day moving average price is $35.71 and its 200 day moving average price is $34.29.

BB&T Corp. (NYSE:BBT) last issued its earnings results on Thursday, April 21st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. During the same period last year, the business earned $0.68 EPS. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.59 billion. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts expect that BB&T Corp. will post $2.76 EPS for the current fiscal year.

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

Several hedge funds have modified their holdings of BBT. Mutual of America Capital Management LLC raised its position in 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. Tredje AP fonden raised its position in 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. Pinnacle Associates Ltd. raised its position in 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. Pettyjohn Wood & White Inc. raised its position in BB&T Corp. by 2.4% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 88,680 shares of the company’s stock worth $3,353,000 after buying an additional 2,118 shares during the period. Finally, GAM Holding AG raised its position in BB&T Corp. by 3.7% in the fourth quarter. GAM Holding AG now owns 76,544 shares of the company’s stock worth $2,894,000 after buying an additional 2,735 shares during the period.

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