BB&T (BBT) Earns Daily News Impact Rating of 0.19
Headlines about BB&T (NYSE:BBT) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BB&T earned a news impact score of 0.19 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 45.1963420193828 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- BB&T names Rhodes to lead Greater Delaware Valley region (markets.businessinsider.com)
- Bank Notes: Lincoln Financial gives employees monetary incentives; Janney enters Michigan (finance.yahoo.com)
- 3 Bank Stocks to Buy in March (finance.yahoo.com)
- BB&T Co. (BBT) Director Sells $155,940.00 in Stock (americanbankingnews.com)
- Wells Fargo, BB&T are among top lenders to firearms manufacturers, analysis finds (journalnow.com)
A number of brokerages have commented on BBT. Citigroup raised BB&T from a “market perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research report on Tuesday, January 9th. Sandler O’Neill set a $55.00 price objective on BB&T and gave the company a “hold” rating in a report on Friday, January 19th. ValuEngine raised BB&T from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley raised BB&T from an “underweight” rating to an “equal weight” rating and set a $50.00 price target for the company in a report on Monday, January 8th. Finally, UBS Group raised BB&T from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 9th. Fifteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. BB&T has an average rating of “Hold” and an average price target of $53.81.
BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, January 18th. The insurance provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. BB&T had a net margin of 19.25% and a return on equity of 9.93%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. analysts expect that BB&T will post 3.92 EPS for the current year.
The business also recently declared a None dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th will be given a dividend of $0.045 per share. The ex-dividend date is Monday, March 5th. This represents a dividend yield of 2.37%. BB&T’s payout ratio is 48.18%.
In other BB&T news, Chairman Kelly S. King sold 60,000 shares of BB&T stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $54.68, for a total value of $3,280,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher L. Henson sold 48,524 shares of BB&T stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $54.75, for a total transaction of $2,656,689.00. Following the completion of the sale, the insider now directly owns 180,089 shares of the company’s stock, valued at $9,859,872.75. The disclosure for this sale can be found here. Insiders have sold a total of 170,078 shares of company stock valued at $9,316,414 over the last 90 days. Insiders own 0.36% of the company’s stock.
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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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