BB&T (NYSE:BBT)‘s stock had its “hold” rating restated by analysts at Robert W. Baird in a note issued to investors on Wednesday, January 3rd. They currently have a $50.00 target price on the insurance provider’s stock. Robert W. Baird’s target price points to a potential downside of 9.73% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on BBT. Jefferies Group reaffirmed a “hold” rating and issued a $49.00 price target on shares of BB&T in a report on Friday, September 15th. Stephens upgraded BB&T from an “equal weight” rating to an “overweight” rating and set a $53.00 price objective for the company in a research note on Thursday, October 5th. Citigroup reiterated a “neutral” rating and set a $49.00 price objective (up from $47.00) on shares of BB&T in a research note on Monday, October 9th. Zacks Investment Research lowered BB&T from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, SunTrust Banks reiterated a “buy” rating and set a $50.00 price objective on shares of BB&T in a research note on Thursday, October 12th. Sixteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. BB&T presently has a consensus rating of “Hold” and a consensus target price of $53.81.

Shares of BB&T (BBT) opened at $55.39 on Wednesday. The company has a market capitalization of $43,362.23, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.87. BB&T has a 52-week low of $41.17 and a 52-week high of $55.85.

BB&T (NYSE:BBT) last issued its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.86 billion. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. equities analysts forecast that BB&T will post 3.86 earnings per share for the current year.

In other BB&T news, insider Donna C. Goodrich sold 10,799 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $46.77, for a total transaction of $505,069.23. Following the transaction, the insider now owns 47,182 shares of the company’s stock, valued at $2,206,702.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher L. Henson sold 48,524 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $54.75, for a total value of $2,656,689.00. Following the transaction, the insider now directly owns 180,089 shares in the company, valued at approximately $9,859,872.75. The disclosure for this sale can be found here. Insiders sold 131,898 shares of company stock worth $7,128,459 in the last three months. 0.36% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of BB&T by 2.4% during the second quarter. Vanguard Group Inc. now owns 55,519,721 shares of the insurance provider’s stock worth $2,521,151,000 after buying an additional 1,325,018 shares during the last quarter. BlackRock Inc. grew its holdings in shares of BB&T by 0.8% during the second quarter. BlackRock Inc. now owns 47,713,735 shares of the insurance provider’s stock worth $2,166,682,000 after buying an additional 381,915 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of BB&T by 1.7% during the second quarter. Macquarie Group Ltd. now owns 17,133,475 shares of the insurance provider’s stock worth $778,031,000 after buying an additional 291,257 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of BB&T by 3.3% during the third quarter. First Eagle Investment Management LLC now owns 16,699,414 shares of the insurance provider’s stock worth $783,870,000 after buying an additional 541,257 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of BB&T by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 8,829,063 shares of the insurance provider’s stock worth $414,436,000 after buying an additional 86,200 shares during the last quarter. 65.90% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for BB&T (NYSE:BBT)

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