Investors Sell BB&T Corporation (BBT) on Strength (BBT)

Traders sold shares of BB&T Corporation (NYSE:BBT) on strength during trading on Monday. $42.94 million flowed into the stock on the tick-up and $68.75 million flowed out of the stock on the tick-down, for a money net flow of $25.81 million out of the stock. Of all companies tracked, BB&T Corporation had the 30th highest net out-flow for the day. BB&T Corporation traded up $0.36 for the day and closed at $46.49

BBT has been the topic of several analyst reports. Hilliard Lyons lowered BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research report on Friday, July 21st. BMO Capital Markets reissued a “hold” rating and issued a $49.00 price target on shares of BB&T Corporation in a research note on Friday, July 21st. Macquarie raised BB&T Corporation from an “underperform” rating to a “neutral” rating and set a $47.00 price target for the company in a research note on Friday, August 4th. BidaskClub raised BB&T Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Wells Fargo & Company began coverage on BB&T Corporation in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $44.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $49.17.

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market capitalization of $36,392.93, a P/E ratio of 15.22, a PEG ratio of 2.12 and a beta of 1.00.

BB&T Corporation (NYSE:BBT) last posted its earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. BB&T Corporation had a return on equity of 9.64% and a net margin of 19.42%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. research analysts predict that BB&T Corporation will post 3.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $0.33 dividend. The ex-dividend date is Thursday, November 9th. This represents a $1.32 dividend on an annualized basis and a yield of 2.86%. BB&T Corporation’s payout ratio is 49.07%.

In other news, insider Christopher L. Henson sold 42,233 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $47.56, for a total value of $2,008,601.48. Following the sale, the insider now directly owns 207,620 shares in the company, valued at $9,874,407.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Donna C. Goodrich sold 26,869 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $49.13, for a total value of $1,320,073.97. Following the completion of the sale, the insider now owns 78,589 shares in the company, valued at $3,861,077.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,103 shares of company stock worth $8,618,346. Corporate insiders own 0.36% of the company’s stock.

Several institutional investors have recently modified their holdings of BBT. Pathstone Family Office LLC bought a new stake in shares of BB&T Corporation in the first quarter valued at about $150,000. RiverPoint Capital Management LLC raised its holdings in BB&T Corporation by 3.9% during the first quarter. RiverPoint Capital Management LLC now owns 168,543 shares of the insurance provider’s stock worth $7,534,000 after acquiring an additional 6,299 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in BB&T Corporation by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,775,866 shares of the insurance provider’s stock worth $213,502,000 after acquiring an additional 187,281 shares in the last quarter. Johnson Financial Group Inc. raised its holdings in BB&T Corporation by 321.3% during the first quarter. Johnson Financial Group Inc. now owns 22,572 shares of the insurance provider’s stock worth $1,009,000 after acquiring an additional 17,214 shares in the last quarter. Finally, Northside Capital Management LLC bought a new stake in BB&T Corporation during the first quarter worth about $1,049,000. Institutional investors own 65.64% of the company’s stock.

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About BB&T Corporation

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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