BB&T (BBT) Earns Media Impact Rating of 0.15
Media stories about BB&T (NYSE:BBT) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BB&T earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 46.7475227312846 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- BB&T (BBT) Given a $55.00 Price Target at Sandler O’Neill (americanbankingnews.com)
- Royal Bank of Canada Raises BB&T (BBT) Price Target to $59.00 (americanbankingnews.com)
- BB&T (BBT) Price Target Increased to $60.00 by Analysts at Argus (americanbankingnews.com)
- BB&T’s (BBT) “Hold” Rating Reaffirmed at Oppenheimer (americanbankingnews.com)
- BB&T Co. (BBT) to Post Q1 2019 Earnings of $0.93 Per Share, FIG Partners Forecasts (americanbankingnews.com)
Several analysts recently weighed in on the company. Oppenheimer restated a “hold” rating on shares of BB&T in a report on Thursday. B. Riley reiterated a “hold” rating and issued a $55.00 target price on shares of BB&T in a research note on Thursday. Sandler O’Neill set a $55.00 target price on BB&T and gave the stock a “hold” rating in a research note on Friday. Royal Bank of Canada increased their target price on BB&T to $59.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Argus increased their target price on BB&T to $60.00 and gave the stock a “buy” rating in a research note on Friday. They noted that the move was a valuation call. Sixteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $53.81.
BB&T (NYSE:BBT) last posted its quarterly earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. equities analysts forecast that BB&T will post 3.73 EPS for the current fiscal year.
In other news, EVP W Bennett Bradley sold 7,762 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $48.16, for a total transaction of $373,817.92. Following the transaction, the executive vice president now owns 24,341 shares of the company’s stock, valued at approximately $1,172,262.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donna C. Goodrich sold 10,799 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $46.77, for a total value of $505,069.23. Following the transaction, the insider now directly owns 47,182 shares in the company, valued at approximately $2,206,702.14. The disclosure for this sale can be found here. Insiders have sold a total of 69,295 shares of company stock worth $3,347,679 in the last three months. Corporate insiders own 0.36% of the company’s stock.
BB&T Company Profile
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.
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