BB&T Co. (NYSE:BBT) – Analysts at Jefferies Financial Group increased their Q4 2018 EPS estimates for BB&T in a research report issued to clients and investors on Thursday, November 15th. Jefferies Financial Group analyst K. Usdin now forecasts that the insurance provider will post earnings per share of $1.07 for the quarter, up from their prior estimate of $1.06. Jefferies Financial Group also issued estimates for BB&T’s Q4 2019 earnings at $1.14 EPS, FY2019 earnings at $4.37 EPS and FY2020 earnings at $4.60 EPS.

BB&T (NYSE:BBT) last issued its quarterly earnings results on Thursday, October 18th. The insurance provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. BB&T had a net margin of 23.52% and a return on equity of 11.66%. BB&T’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share.

A number of other analysts have also weighed in on BBT. ValuEngine lowered shares of BB&T from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised shares of BB&T from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday, October 3rd. B. Riley set a $56.00 target price on shares of BB&T and gave the stock a “buy” rating in a report on Monday, October 15th. Finally, BMO Capital Markets lowered their target price on shares of BB&T from $58.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, October 19th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $55.50.

Shares of BB&T stock opened at $50.94 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market capitalization of $39.62 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.21 and a beta of 0.94. BB&T has a fifty-two week low of $45.93 and a fifty-two week high of $56.31.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 9th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, November 8th. BB&T’s dividend payout ratio is presently 51.59%.

In other BB&T news, Director Nido R. Qubein sold 2,825 shares of BB&T stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $50.19, for a total transaction of $141,786.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director I. Patricia Henry sold 611 shares of BB&T stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $49.50, for a total transaction of $30,244.50. Following the sale, the director now directly owns 4,375 shares of the company’s stock, valued at approximately $216,562.50. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of BB&T by 0.3% in the 3rd quarter. BlackRock Inc. now owns 49,492,995 shares of the insurance provider’s stock valued at $2,402,389,000 after buying an additional 144,773 shares during the period. Bank of America Corp DE grew its holdings in shares of BB&T by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 28,174,029 shares of the insurance provider’s stock valued at $1,421,098,000 after buying an additional 4,304,522 shares during the period. Macquarie Group Ltd. grew its holdings in shares of BB&T by 6.8% in the 3rd quarter. Macquarie Group Ltd. now owns 14,406,134 shares of the insurance provider’s stock valued at $699,273,000 after buying an additional 920,792 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of BB&T by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,461,296 shares of the insurance provider’s stock valued at $527,666,000 after buying an additional 547,692 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of BB&T by 10.5% in the 3rd quarter. American Century Companies Inc. now owns 9,054,595 shares of the insurance provider’s stock valued at $439,510,000 after buying an additional 861,733 shares during the period. 63.83% of the stock is owned by institutional investors.

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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