BB&T Corporation (NYSE:BBT) – Stock analysts at FIG Partners lowered their FY2018 EPS estimates for shares of BB&T Corporation in a report issued on Wednesday. FIG Partners analyst C. Marinac now expects that the insurance provider will post earnings of $3.55 per share for the year, down from their prior estimate of $3.57. FIG Partners also issued estimates for BB&T Corporation’s Q4 2018 earnings at $0.93 EPS.

A number of other brokerages have also weighed in on BBT. BidaskClub raised shares of BB&T Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Macquarie raised shares of BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price target for the company in a report on Friday, August 4th. Wells Fargo & Company began coverage on shares of BB&T Corporation in a report on Wednesday, August 9th. They issued a “market perform” rating and a $44.00 price target for the company. BMO Capital Markets reissued a “hold” rating and issued a $49.00 price target on shares of BB&T Corporation in a report on Friday, July 21st. Finally, Hilliard Lyons lowered shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $47.06.

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BB&T Corporation (NYSE:BBT) traded down 1.25% on Thursday, hitting $44.15. The stock had a trading volume of 1,871,445 shares. The company’s 50 day moving average is $46.46 and its 200 day moving average is $45.01. The firm has a market cap of $35.68 billion, a PE ratio of 17.95 and a beta of 1.08. BB&T Corporation has a 12-month low of $36.80 and a 12-month high of $49.88.

BB&T Corporation (NYSE:BBT) last released its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. BB&T Corporation had a return on equity of 9.62% and a net margin of 19.57%. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.95%. This is a boost from BB&T Corporation’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 9th. BB&T Corporation’s dividend payout ratio (DPR) is currently 49.25%.

BB&T Corporation declared that its Board of Directors has authorized a share repurchase program on Wednesday, June 28th that permits the company to buyback $1.88 billion in outstanding shares. This buyback authorization permits the insurance provider to repurchase up to 5.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, EVP William Rufus Yates sold 28,515 shares of BB&T Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $47.07, for a total transaction of $1,342,201.05. Following the transaction, the executive vice president now directly owns 34,887 shares of the company’s stock, valued at $1,642,131.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Jerome Johnson, Jr. sold 18,343 shares of BB&T Corporation stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $47.19, for a total transaction of $865,606.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,610 shares of company stock worth $2,618,364. Insiders own 0.36% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC bought a new position in shares of BB&T Corporation during the second quarter worth $111,000. Community Bank N.A. boosted its position in shares of BB&T Corporation by 6.2% during the second quarter. Community Bank N.A. now owns 2,474 shares of the insurance provider’s stock worth $112,000 after purchasing an additional 144 shares in the last quarter. Liberty Capital Management Inc. bought a new position in shares of BB&T Corporation during the second quarter worth $136,000. Guardian Life Insurance Co. of America boosted its position in shares of BB&T Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 3,130 shares of the insurance provider’s stock worth $140,000 after purchasing an additional 21 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its position in shares of BB&T Corporation by 51.1% during the second quarter. Oakworth Capital Inc. now owns 3,092 shares of the insurance provider’s stock worth $140,000 after purchasing an additional 1,045 shares in the last quarter. 64.30% of the stock is currently owned by institutional investors.

About BB&T Corporation

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.

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

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