BB&T Corp. (NYSE:BBT) – Stock analysts at FIG Partners cut their Q3 2017 EPS estimates for BB&T Corp. in a research note issued to investors on Friday. FIG Partners analyst C. Marinac now forecasts that the brokerage will earn $0.79 per share for the quarter, down from their previous forecast of $0.82. FIG Partners also issued estimates for BB&T Corp.’s Q4 2017 earnings at $0.81 EPS and FY2017 earnings at $3.10 EPS.

BBT has been the topic of several other reports. Citigroup Inc. reaffirmed a “buy” rating on shares of BB&T Corp. in a report on Tuesday, July 12th. Rafferty Capital Markets raised shares of BB&T Corp. from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, June 7th. Morgan Stanley reaffirmed a “hold” rating and issued a $37.00 price target on shares of BB&T Corp. in a report on Friday, August 5th. Barclays PLC reaffirmed an “equal weight” rating and issued a $40.00 price target on shares of BB&T Corp. in a report on Sunday, July 10th. Finally, Stephens lowered shares of BB&T Corp. from an “overweight” rating to an “equal weight” rating in a report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $39.46.

Shares of BB&T Corp. (NYSE:BBT) opened at 38.38 on Monday. The stock has a market capitalization of $31.26 billion, a P/E ratio of 14.81 and a beta of 0.99. The firm has a 50-day moving average price of $37.77 and a 200-day moving average price of $35.70. BB&T Corp. has a 52-week low of $29.95 and a 52-week high of $39.47.

BB&T Corp. (NYSE:BBT) last released its earnings results on Thursday, July 21st. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. BB&T Corp. had a return on equity of 9.12% and a net margin of 20.11%. The business earned $2.79 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis.

A number of hedge funds have recently made changes to their positions in the stock. WFG Advisors LP boosted its stake in BB&T Corp. by 134.6% in the second quarter. WFG Advisors LP now owns 2,829 shares of the company’s stock valued at $101,000 after buying an additional 1,623 shares during the period. Integrated Investment Consultants LLC boosted its stake in BB&T Corp. by 13.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,989 shares of the company’s stock valued at $106,000 after buying an additional 344 shares during the period. Pinkerton Retirement Specialists LLC purchased a new stake in BB&T Corp. during the second quarter valued at $110,000. First Personal Financial Services boosted its stake in BB&T Corp. by 13.6% in the second quarter. First Personal Financial Services now owns 3,168 shares of the company’s stock valued at $113,000 after buying an additional 380 shares during the period. Finally, Global X Management Co. LLC boosted its stake in BB&T Corp. by 117.2% in the second quarter. Global X Management Co. LLC now owns 3,174 shares of the company’s stock valued at $113,000 after buying an additional 1,713 shares during the period. 63.03% of the stock is owned by institutional investors.

In related news, insider Barbara F. Duck sold 29,976 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $36.79, for a total transaction of $1,102,817.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director I. Patricia Henry sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $38.13, for a total transaction of $38,130.00. Following the sale, the director now directly owns 8,090 shares of the company’s stock, valued at approximately $308,471.70. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Wednesday, August 10th. This is a boost from BB&T Corp.’s previous quarterly dividend of $0.28. BB&T Corp.’s dividend payout ratio is currently 45.98%.

About BB&T Corp.

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