BB&T Co. (NYSE:BBT) – B. Riley lifted their Q4 2018 earnings estimates for BB&T in a report issued on Monday, October 15th. B. Riley analyst S. Moss now anticipates that the insurance provider will post earnings per share of $1.01 for the quarter, up from their prior forecast of $1.00. B. Riley currently has a “Buy” rating and a $56.00 price target on the stock. B. Riley also issued estimates for BB&T’s Q1 2019 earnings at $0.95 EPS and Q2 2019 earnings at $1.10 EPS.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, July 19th. The insurance provider reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.92 billion. BB&T had a return on equity of 11.02% and a net margin of 22.53%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share.

Other equities analysts have also recently issued reports about the stock. Stephens reissued a “buy” rating and set a $59.00 price target on shares of BB&T in a research report on Friday, July 20th. BMO Capital Markets reissued a “buy” rating and set a $59.00 price target on shares of BB&T in a research report on Thursday, July 12th. Zacks Investment Research raised shares of BB&T from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Wednesday, October 3rd. Piper Jaffray Companies reissued a “hold” rating and set a $52.00 price target on shares of BB&T in a research report on Friday, July 20th. Finally, FIG Partners cut shares of BB&T from an “outperform” rating to a “market perform” rating in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. BB&T has a consensus rating of “Buy” and a consensus price target of $54.63.

Shares of NYSE BBT opened at $47.09 on Wednesday. The firm has a market cap of $37.59 billion, a PE ratio of 15.00, a PEG ratio of 1.04 and a beta of 1.05. BB&T has a twelve month low of $44.62 and a twelve month high of $56.31. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First PREMIER Bank lifted its position in BB&T by 64.9% during the 2nd quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock worth $128,000 after buying an additional 1,000 shares in the last quarter. Legacy Private Trust Co. lifted its position in BB&T by 14.0% during the 2nd quarter. Legacy Private Trust Co. now owns 8,530 shares of the insurance provider’s stock worth $430,000 after buying an additional 1,050 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in BB&T by 5.7% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 20,016 shares of the insurance provider’s stock worth $1,010,000 after buying an additional 1,085 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in BB&T by 1.1% during the 2nd quarter. Mutual of America Capital Management LLC now owns 100,393 shares of the insurance provider’s stock worth $5,064,000 after buying an additional 1,089 shares in the last quarter. Finally, Eastern Bank lifted its position in BB&T by 1.9% during the 2nd quarter. Eastern Bank now owns 59,790 shares of the insurance provider’s stock worth $3,015,000 after buying an additional 1,140 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Donta L. Wilson sold 3,018 shares of the business’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $51.55, for a total value of $155,577.90. Following the sale, the insider now directly owns 14,911 shares of the company’s stock, valued at approximately $768,662.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.51% of the company’s stock.

BB&T Company Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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

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