Economy

BB&T Corporation's (BBT) Buy Rating Reiterated at Royal Bank Of Canada

Demba now forecasts that the insurance provider will post earnings per share of $0.78 for the quarter, down from their prior forecast of $0.80. SunTrust Banks also issued estimates for BB&T Corporation's Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $3.37 EPS and FY2019 earnings at $3.60 EPS. Zacks Investment Research cut shares of BB&T Corporation from a "hold" rating to a "sell" rating in a research note on Tuesday, October 10th. Finally, Macquarie cut shares of BB&T Corp. from a "neutral" rating to an "underperform" rating in a research note on Thursday, October 20th. Robert W. Baird reaffirmed a "hold" rating and set a $45.00 target price on shares of BB&T Corporation in a research report on Friday, August 25th.

BB&T Corporation (NYSE:BBT)'s stock had its "buy" rating restated by Royal Bank Of Canada in a report issued on Friday, October 20th.

Among 8 analysts covering Loxo Oncology Inc (NASDAQ:LOXO), 6 have Buy rating, 1 Sell and 1 Hold. On Tuesday, October 11 the stock rating was downgraded by FBR Capital to "Mkt Perform". Boyd Watterson Asset Management Ltd Llc Oh has invested 0.16% in BB&T Corporation (NYSE:BBT). If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and worldwide trademark & copyright laws. Ronald Blue And Limited Liability Corp has invested 0.01% in BB&T Corporation (NYSE:BBT). The company's stock had a trading volume of 5,981,817 shares, compared to its average volume of 4,247,890. BB&T Corporation has a 52 week low of $38.70 and a 52 week high of $49.91. The stock has a market cap of $39,035.81, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.28 and a beta of 1.00. The Current Ratio parades a figure of *tba tba *.

Shares of BB&T Corporation (NYSE BBT) traded down $0.48 on Wednesday, reaching $47.75. The company's quarterly EPS surprised Wall Street by as much as -5% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

Analysts believe that the company has the potential to earn average revenue of $2.84 Billion for the current quarter.

BB&T Corporation (BBT) now has a Return on Assets (ROA) value of 1 Percent. The company's revenue was up 1.4% compared to the same quarter last year. equities research analysts expect that BB&T Corporation will post 3.1 EPS for the current fiscal year. After having $0.71 EPS previously, Stella-Jones Inc's analysts see -14.08% EPS growth.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.33 dividend. The PEG holds a value of 2.85 , whilst P/B is stated to be 1.42. The rating was maintained by Stifel Nicolaus on Thursday, November 2 with "Buy".

In other BB&T Corporation news, VP Donta L. Wilson sold 4,250 shares of the stock in a transaction dated Friday, October 20th. They presently have a $50.00 target price on the insurance provider's stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donna C. Goodrich sold 26,869 shares of the stock in a transaction dated Monday, October 30th.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.6 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Following the transaction, the insider now owns 207,620 shares in the company, valued at $9,874,407.20. The disclosure for this sale can be found here. Iberiabank Corp sold 51,894 shares as Bb&T Corp (BBT)'s stock declined 11.91%. Sectoral Asset Management Inc bought 131,405 shares as the company's stock rose 10.54% with the market.

Several other institutional investors have also recently modified their holdings of BBT. The hedge fund run by Jerome Pfund held 221,795 shares of the health care company at the end of 2017Q2, valued at $17.79M, up from 90,390 at the end of the previous reported quarter. St. Johns Investment Management Company LLC boosted its stake in shares of BB&T Corp.by 7.9% in the third quarter. Oakworth Capital Inc. now owns 3,092 shares of the insurance provider's stock valued at $140,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in shares of BB&T Corp.by 1.0% in the third quarter. Stifel Financial Corp boosted its stake in shares of BB&T Corporation by 1.1% in the 1st quarter. Pinnacle Financial Partners Inc. now owns 112,263 shares of the insurance provider's stock worth $5,270,000 after acquiring an additional 14,314 shares during the last quarter. Liberty Capital Management Inc. acquired a new position in BB&T Corporation during the 2nd quarter valued at $136,000. Shelter Ins Retirement Plan who had been investing in Bb&T Corp for a number of months, seems to be bullish on the $37.31B market cap company. The Firm conducts its business primarily through its bank subsidiary, Branch Banking and Trust Company, and other nonbank subsidiaries. The company offers full-service commercial and retail banking and additional financial services such as insurance, corporate finance, worldwide banking, leasing and trust.



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