BB&T Corporation (NYSE:BBT) – Research analysts at Jefferies Group lifted their FY2016 earnings estimates for BB&T Corporation in a report issued on Wednesday. Jefferies Group analyst K. Usdin now expects that the firm will post earnings per share of $2.79 for the year, up from their prior forecast of $2.78.

BB&T Corporation (NYSE:BBT) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.05. BB&T Corporation had a net margin of 20.54% and a return on equity of 9.45%. The company earned $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the business posted $0.70 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Jefferies Group Equities Analysts Raise Earnings Estimates for BB&T Corporation (BBT)” was originally published by Daily Political and is the propert of of Daily Political. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at http://www.dailypolitical.com/2017/01/13/jefferies-group-equities-analysts-raise-earnings-estimates-for-bbt-corporation-bbt.html.

Earnings History and Estimates for BB&T Corporation (NYSE:BBT)

Several other research firms have also recently issued reports on BBT. FIG Partners lifted their price objective on shares of BB&T Corporation to $57.00 in a research report on Thursday, December 22nd. Zacks Investment Research cut shares of BB&T Corporation from a “buy” rating to a “hold” rating in a research report on Friday, December 30th. FBR & Co set a $40.00 price objective on shares of BB&T Corporation and gave the company a “hold” rating in a research report on Thursday, October 20th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $37.00 price objective on shares of BB&T Corporation in a research report on Wednesday, October 19th. Finally, Barclays PLC reiterated a “hold” rating and set a $40.00 price objective on shares of BB&T Corporation in a research report on Tuesday, October 11th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.57.

BB&T Corporation (NYSE:BBT) traded up 0.82% during midday trading on Friday, reaching $46.72. 1,492,256 shares of the company were exchanged. The company has a 50-day moving average of $46.53 and a 200 day moving average of $40.11. The firm has a market capitalization of $37.91 billion, a PE ratio of 17.36 and a beta of 1.08. BB&T Corporation has a 52 week low of $29.95 and a 52 week high of $47.85.

In other news, Director James A. Faulkner sold 2,616 shares of BB&T Corporation stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $39.29, for a total transaction of $102,782.64. Following the completion of the sale, the director now directly owns 19,862 shares in the company, valued at $780,377.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen T. Williams sold 1,128,253 shares of BB&T Corporation stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $47.29, for a total value of $53,355,084.37. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Jefferies Group Equities Analysts Raise Earnings Estimates for BB&T Corporation (BBT)” was originally published by Daily Political and is the propert of of Daily Political. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at http://www.dailypolitical.com/2017/01/13/jefferies-group-equities-analysts-raise-earnings-estimates-for-bbt-corporation-bbt.html.

Several hedge funds have recently added to or reduced their stakes in the company. TD Asset Management Inc. increased its stake in BB&T Corporation by 32.6% in the third quarter. TD Asset Management Inc. now owns 1,103,568 shares of the company’s stock valued at $41,627,000 after buying an additional 271,541 shares during the last quarter. HL Financial Services LLC increased its stake in BB&T Corporation by 12.5% in the second quarter. HL Financial Services LLC now owns 57,466 shares of the company’s stock valued at $2,046,000 after buying an additional 6,379 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in BB&T Corporation by 26.5% in the second quarter. Douglas Lane & Associates LLC now owns 874,186 shares of the company’s stock valued at $31,130,000 after buying an additional 182,960 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in BB&T Corporation by 0.4% in the second quarter. Rehmann Capital Advisory Group now owns 21,326 shares of the company’s stock valued at $759,000 after buying an additional 80 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in BB&T Corporation by 3.3% in the second quarter. Louisiana State Employees Retirement System now owns 53,900 shares of the company’s stock valued at $1,919,000 after buying an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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