Analysts Issue Forecasts for BB&T Co.’s Q1 2018 Earnings (BBT)

BB&T Co. (NYSE:BBT) – Research analysts at Jefferies Group issued their Q1 2018 EPS estimates for BB&T in a research note issued on Tuesday. Jefferies Group analyst K. Usdin anticipates that the insurance provider will post earnings per share of $0.87 for the quarter. Jefferies Group also issued estimates for BB&T’s Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $0.96 EPS and Q4 2018 earnings at $1.01 EPS.

BBT has been the subject of several other research reports. Zacks Investment Research cut shares of BB&T from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Morgan Stanley increased their target price on shares of BB&T from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, October 20th. BMO Capital Markets increased their target price on shares of BB&T from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Barclays increased their target price on shares of BB&T from $51.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $53.00 target price on shares of BB&T in a report on Tuesday, January 9th. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. BB&T presently has a consensus rating of “Hold” and an average target price of $52.00.

BB&T (NYSE:BBT) opened at $53.14 on Friday. BB&T has a 1-year low of $41.17 and a 1-year high of $53.91. The company has a market cap of $41,920.00, a price-to-earnings ratio of 19.75, a P/E/G ratio of 1.62 and a beta of 1.00. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78.

BB&T (NYSE:BBT) last announced its earnings results on Thursday, October 19th. The insurance provider reported $0.78 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. BB&T had a net margin of 23.04% and a return on equity of 8.87%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis.

In other BB&T news, EVP W Bennett Bradley sold 7,762 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $48.16, for a total transaction of $373,817.92. Following the sale, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at $1,172,262.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher L. Henson sold 42,233 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $47.56, for a total transaction of $2,008,601.48. Following the completion of the transaction, the insider now directly owns 207,620 shares in the company, valued at $9,874,407.20. The disclosure for this sale can be found here. Insiders have sold 182,150 shares of company stock worth $8,712,859 over the last ninety days. Insiders own 0.36% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Sii Investments Inc. WI raised its position in shares of BB&T by 0.9% in the second quarter. Sii Investments Inc. WI now owns 6,636 shares of the insurance provider’s stock valued at $301,000 after purchasing an additional 58 shares during the period. Schafer Cullen Capital Management Inc. raised its position in shares of BB&T by 0.5% in the second quarter. Schafer Cullen Capital Management Inc. now owns 14,105 shares of the insurance provider’s stock valued at $641,000 after purchasing an additional 75 shares during the period. Sandy Spring Bank raised its position in shares of BB&T by 0.8% in the second quarter. Sandy Spring Bank now owns 11,100 shares of the insurance provider’s stock valued at $504,000 after purchasing an additional 85 shares during the period. Chemical Bank raised its position in shares of BB&T by 2.2% in the second quarter. Chemical Bank now owns 4,728 shares of the insurance provider’s stock valued at $215,000 after purchasing an additional 103 shares during the period. Finally, Dana Investment Advisors Inc. raised its position in shares of BB&T by 2.6% in the second quarter. Dana Investment Advisors Inc. now owns 5,629 shares of the insurance provider’s stock valued at $256,000 after purchasing an additional 142 shares during the period. 65.28% of the stock is currently owned by institutional investors.

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About BB&T

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.

Earnings History and Estimates for BB&T (NYSE:BBT)

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