BB&T Corp. (BBT) to Post Q4 2016 Earnings of $0.73 Per Share, SunTrust Banks Forecasts

BB&T Corp. (BBT) to Post Q4 2016 Earnings of $0.73 Per Share, SunTrust Banks Forecasts

BB&T Corp. (NYSE:BBT) – Stock analysts at SunTrust Banks increased their Q4 2016 earnings per share estimates for shares of BB&T Corp. in a research report issued to clients and investors on Monday. SunTrust Banks analyst J. Demba now forecasts that the firm will post earnings of $0.73 per share for the quarter, up from their prior estimate of $0.72. SunTrust Banks also issued estimates for BB&T Corp.’s Q1 2017 earnings at $0.73 EPS, Q3 2017 earnings at $0.83 EPS, Q4 2017 earnings at $0.86 EPS and FY2017 earnings at $3.21 EPS.

BBT has been the subject of several other research reports. boosted their price target on shares of BB&T Corp. from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, September 23rd. Credit Suisse Group AG reissued a “buy” rating and issued a $42.00 price target on shares of BB&T Corp. in a report on Wednesday, September 28th. Morgan Stanley lowered shares of BB&T Corp. from an “equal weight” rating to an “underweight” rating and set a $42.00 price target for the company. in a report on Monday, November 14th. They noted that the move was a valuation call. FBR & Co lowered shares of BB&T Corp. from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $45.00 to $40.00 in a report on Tuesday, October 11th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $40.00 target price on shares of BB&T Corp. in a report on Tuesday, October 11th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $40.92.

Shares of BB&T Corp. (NYSE:BBT) opened at 47.31 on Wednesday. The stock has a 50 day moving average of $44.42 and a 200 day moving average of $39.04. BB&T Corp. has a 12-month low of $29.95 and a 12-month high of $47.85. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 17.58 and a beta of 1.08.

BB&T Corp. (NYSE:BBT) last released its earnings results on Wednesday, October 19th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.05. The firm earned $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. BB&T Corp. had a net margin of 20.54% and a return on equity of 9.45%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS.

Several hedge funds have recently added to or reduced their stakes in BBT. Barnett & Company Inc. raised its stake in BB&T Corp. by 58.7% in the third quarter. Barnett & Company Inc. now owns 5,675 shares of the company’s stock worth $214,000 after buying an additional 2,098 shares during the last quarter. Mcmillion Capital Management Inc. raised its position in shares of BB&T Corp. by 18.8% in the third quarter. Mcmillion Capital Management Inc. now owns 87,872 shares of the company’s stock valued at $3,315,000 after buying an additional 13,907 shares in the last quarter. ETRADE Capital Management LLC raised its position in shares of BB&T Corp. by 6.9% in the third quarter. ETRADE Capital Management LLC now owns 60,845 shares of the company’s stock valued at $2,295,000 after buying an additional 3,906 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of BB&T Corp. by 211.5% in the third quarter. D.A. Davidson & CO. now owns 27,912 shares of the company’s stock valued at $1,052,000 after buying an additional 18,951 shares in the last quarter. Finally, Bainco International Investors raised its position in shares of BB&T Corp. by 2.7% in the third quarter. Bainco International Investors now owns 159,995 shares of the company’s stock valued at $6,035,000 after buying an additional 4,225 shares in the last quarter. Hedge funds and other institutional investors own 62.99% of the company’s stock.

In related news, insider Brantley J. Standridge sold 19,873 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $39.13, for a total transaction of $777,630.49. Following the sale, the insider now directly owns 30,817 shares in the company, valued at $1,205,869.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cynthia B. Powell sold 9,012 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $42.21, for a total transaction of $380,396.52. Following the sale, the insider now owns 20,428 shares in the company, valued at $862,265.88. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Thursday, November 10th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.54%. BB&T Corp.’s payout ratio is 44.44%.

BB&T Corp. Company Profile

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