Capital Investment Counsel Inc Has $2.32 Million Stake in BB&T Corporation (BBT)

Capital Investment Counsel Inc lessened its holdings in shares of BB&T Corporation (NYSE:BBT) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,470 shares of the insurance provider’s stock after selling 2,290 shares during the period. BB&T Corporation makes up about 1.0% of Capital Investment Counsel Inc’s portfolio, making the stock its 23rd biggest holding. Capital Investment Counsel Inc’s holdings in BB&T Corporation were worth $2,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BBT. First Merchants Corp increased its position in shares of BB&T Corporation by 9.1% in the 3rd quarter. First Merchants Corp now owns 80,743 shares of the insurance provider’s stock valued at $3,790,000 after acquiring an additional 6,753 shares during the period. Bank of America Corp DE increased its position in shares of BB&T Corporation by 0.3% in the 1st quarter. Bank of America Corp DE now owns 12,766,336 shares of the insurance provider’s stock valued at $570,655,000 after acquiring an additional 43,867 shares during the period. Shelter Mutual Insurance Co increased its position in shares of BB&T Corporation by 145.5% in the 2nd quarter. Shelter Mutual Insurance Co now owns 84,200 shares of the insurance provider’s stock valued at $3,823,000 after acquiring an additional 49,900 shares during the period. Pacer Advisors Inc. increased its position in shares of BB&T Corporation by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 18,866 shares of the insurance provider’s stock valued at $857,000 after acquiring an additional 1,450 shares during the period. Finally, Motco increased its position in shares of BB&T Corporation by 2.0% in the 2nd quarter. Motco now owns 71,991 shares of the insurance provider’s stock valued at $3,269,000 after acquiring an additional 1,386 shares during the period. Hedge funds and other institutional investors own 65.64% of the company’s stock.

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Several equities analysts recently issued reports on BBT shares. SunTrust Banks, Inc. reissued a “buy” rating and issued a $50.00 target price on shares of BB&T Corporation in a research report on Thursday, October 12th. Zacks Investment Research downgraded BB&T Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Wells Fargo & Company started coverage on BB&T Corporation in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $44.00 target price on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $48.00 target price on shares of BB&T Corporation in a research report on Sunday, October 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price target on shares of BB&T Corporation in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $49.17.

BB&T Corporation (NYSE:BBT) traded up $0.35 during trading hours on Wednesday, hitting $46.84. The stock had a trading volume of 4,421,900 shares, compared to its average volume of 4,286,180. BB&T Corporation has a 52-week low of $41.17 and a 52-week high of $49.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market cap of $36,676.94, a PE ratio of 15.34, a PEG ratio of 2.14 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 EPS for the quarter, meeting the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.85 billion. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. equities research analysts expect that BB&T Corporation will post 3.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, November 9th. BB&T Corporation’s dividend payout ratio is presently 49.07%.

In related news, insider Christopher L. Henson sold 42,233 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $47.56, for a total value of $2,008,601.48. Following the transaction, the insider now directly owns 207,620 shares of the company’s stock, valued at approximately $9,874,407.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Donta L. Wilson sold 4,250 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $47.51, for a total transaction of $201,917.50. The disclosure for this sale can be found here. Insiders sold a total of 171,351 shares of company stock worth $8,207,790 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

BB&T Corporation 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.

Institutional Ownership by Quarter for BB&T Corporation (NYSE:BBT)

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