Shares of BB&T Corp. (NYSE:BBT) gapped up before the market opened on Monday . The stock had previously closed at $36.87, but opened at $37.01. BB&T Corp. shares last traded at $37.53, with a volume of 1,247,814 shares traded.

Several research firms have recently weighed in on BBT. Morgan Stanley reiterated a “hold” rating and set a $37.00 target price on shares of BB&T Corp. in a research report on Friday, August 5th. Rafferty Capital Markets upgraded BB&T Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, June 7th. Stephens downgraded BB&T Corp. from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 22nd. FBR & Co reiterated a “buy” rating and set a $45.00 target price on shares of BB&T Corp. in a research report on Friday, July 22nd. Finally, BMO Capital Markets restated a “buy” rating and issued a $40.00 price objective on shares of BB&T Corp. in a report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $39.46.

The firm has a market capitalization of $30.57 billion and a price-to-earnings ratio of 14.48. The firm has a 50-day moving average of $36.29 and a 200 day moving average of $34.71.

BB&T Corp. (NYSE:BBT) last issued its earnings results on Thursday, July 21st. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the business posted $0.69 EPS. BB&T Corp.’s revenue was up 17.7% on a year-over-year basis. On average, analysts anticipate that BB&T Corp. will post $2.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.20 dividend on an annualized basis and a yield of 3.20%. This is a positive change from BB&T Corp.’s previous quarterly dividend of $0.28.

In related news, Chairman Kelly S. King sold 46,216 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $36.76, for a total transaction of $1,698,900.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Christopher L. Henson sold 73,295 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $38.04, for a total value of $2,788,141.80. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. KBC Group NV increased its position in BB&T Corp. by 8.3% in the fourth quarter. KBC Group NV now owns 42,319 shares of the company’s stock worth $1,600,000 after buying an additional 3,258 shares in the last quarter. I.G. Investment Management LTD. increased its position in BB&T Corp. by 0.9% in the fourth quarter. I.G. Investment Management LTD. now owns 519,770 shares of the company’s stock worth $19,653,000 after buying an additional 4,800 shares in the last quarter. Flippin Bruce & Porter Inc. increased its position in BB&T Corp. by 5.1% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 110,009 shares of the company’s stock worth $4,159,000 after buying an additional 5,300 shares in the last quarter. American International Group Inc. increased its position in BB&T Corp. by 1.6% in the fourth quarter. American International Group Inc. now owns 372,486 shares of the company’s stock worth $14,084,000 after buying an additional 5,776 shares in the last quarter. Finally, Montag A & Associates Inc. increased its position in BB&T Corp. by 35.9% in the fourth quarter. Montag A & Associates Inc. now owns 54,830 shares of the company’s stock worth $2,073,000 after buying an additional 14,480 shares in the last quarter.

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