BB&T (NYSE:BBT) released its earnings results on Thursday, October 18th. The insurance provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01, MarketWatch Earnings reports. BB&T had a return on equity of 11.66% and a net margin of 23.52%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis.
Shares of BBT traded up $0.63 during mid-day trading on Friday, hitting $50.76. The stock had a trading volume of 8,034,420 shares, compared to its average volume of 5,718,692. The firm has a market cap of $38.65 billion, a PE ratio of 16.17, a PEG ratio of 1.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. BB&T has a 52 week low of $45.73 and a 52 week high of $56.31.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 9th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.62 annualized dividend and a dividend yield of 3.19%. BB&T’s payout ratio is presently 51.59%.
In other BB&T news, Director Nido R. Qubein sold 2,825 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $50.19, for a total value of $141,786.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director I. Patricia Henry sold 611 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $49.50, for a total value of $30,244.50. Following the completion of the sale, the director now owns 4,375 shares in the company, valued at $216,562.50. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.
A number of brokerages have commented on BBT. B. Riley set a $56.00 target price on BB&T and gave the company a “buy” rating in a research report on Monday, October 15th. ValuEngine cut BB&T from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research cut BB&T from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $52.00 target price on shares of BB&T in a research report on Friday, July 20th. Finally, FIG Partners cut BB&T from an “outperform” rating to a “market perform” rating in a research report on Friday, July 20th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. BB&T currently has a consensus rating of “Buy” and an average price target of $55.50.
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BB&T Company Profile
BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.
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