Insider Buying: BB&T Co. (BBT) Director Buys 4,200 Shares of Stock

BB&T Co. (NYSE:BBT) Director Patrick C. Graney III acquired 4,200 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were bought at an average cost of $47.56 per share, with a total value of $199,752.00. Following the purchase, the director now owns 4,200 shares of the company’s stock, valued at approximately $199,752. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BBT stock traded down $0.48 on Friday, reaching $47.66. The company’s stock had a trading volume of 5,524,530 shares, compared to its average volume of 4,453,810. BB&T Co. has a 12-month low of $45.93 and a 12-month high of $56.31. The firm has a market capitalization of $37.10 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.13 and a beta of 0.95. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86.

BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, October 18th. The insurance provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. BB&T had a return on equity of 11.66% and a net margin of 23.52%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates 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. Equities research analysts anticipate that BB&T Co. will post 4.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Friday, November 9th were issued a $0.405 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $1.62 dividend on an annualized basis and a yield of 3.40%. BB&T’s dividend payout ratio (DPR) is 51.59%.

A number of analysts have recently weighed in on BBT shares. ValuEngine raised BB&T from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th. Zacks Investment Research raised BB&T from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Wednesday, October 3rd. BMO Capital Markets dropped their price target on BB&T from $58.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Finally, B. Riley set a $56.00 price target on BB&T and gave the stock a “buy” rating in a research note on Monday, October 15th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.44.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation bought a new position in BB&T in the third quarter worth $102,000. Girard Partners LTD. bought a new position in BB&T in the third quarter worth $142,000. SRS Capital Advisors Inc. raised its holdings in BB&T by 4,311.8% in the third quarter. SRS Capital Advisors Inc. now owns 3,000 shares of the insurance provider’s stock worth $146,000 after purchasing an additional 2,932 shares in the last quarter. ClariVest Asset Management LLC bought a new position in BB&T in the second quarter worth $167,000. Finally, Bridgeworth LLC bought a new position in BB&T in the second quarter worth $197,000. Institutional investors and hedge funds own 64.07% of the company’s stock.

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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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