BB&T (BBT) Given Media Impact Rating of 0.21
Media headlines about BB&T (NYSE:BBT) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. BB&T earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 45.1954364153247 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- 52,659 Shares in BB&T Co. (BBT) Acquired by Next Century Growth Investors LLC (americanbankingnews.com)
- Mackenzie Financial Corp Invests $32.06 Million in BB&T Co. (BBT) Stock (americanbankingnews.com)
- Centaurus Financial Inc. Takes Position in BB&T Co. (BBT) – Theafricom (theafricom.com)
- BB&T Co. (BBT) Shares Sold by Valley National Advisers Inc. (americanbankingnews.com)
- BRIEF-BB&T Corp Says CEO’s FY 2017 Total Compensation Was $12.7 Mln Vs $11.6 Mln In FY 2016 (reuters.com)
Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Wednesday. BMO Capital Markets upgraded shares of BB&T from a “market perform” rating to an “outperform” rating and set a $49.00 price objective on the stock in a report on Friday, February 9th. They noted that the move was a valuation call. Morgan Stanley upped their target price on BB&T from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. ValuEngine upgraded BB&T from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, B. Riley reiterated a “hold” rating and issued a $55.00 target price on shares of BB&T in a research report on Thursday, January 18th. Fifteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $53.81.
BB&T (NYSE:BBT) last released its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analyst estimates of $2.86 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. sell-side analysts forecast that BB&T will post 3.93 earnings per share for the current fiscal year.
The business also recently disclosed a None dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th will be given a $0.045 dividend. The ex-dividend date is Monday, March 5th. This represents a yield of 2.37%. BB&T’s dividend payout ratio is presently 49.07%.
In other BB&T news, Chairman Kelly S. King sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $54.68, for a total value of $3,280,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nido R. Qubein sold 21,025 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $54.50, for a total value of $1,145,862.50. Following the completion of the sale, the director now owns 59,513 shares in the company, valued at approximately $3,243,458.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 167,253 shares of company stock worth $9,160,474. Insiders own 0.36% of the company’s stock.
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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