BB&T Corporation (NYSE:BBT) Director Jennifer S. Banner sold 11,508 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $48.60, for a total transaction of $559,288.80. Following the sale, the director now directly owns 20,300 shares of the company’s stock, valued at approximately $986,580. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of BB&T Corporation (NYSE:BBT) opened at 49.11 on Tuesday. BB&T Corporation has a one year low of $38.23 and a one year high of $49.88. The firm’s 50-day moving average is $46.44 and its 200-day moving average is $45.16. The stock has a market capitalization of $39.69 billion, a price-to-earnings ratio of 18.33 and a beta of 1.07.

BB&T Corporation (NYSE:BBT) last announced its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.78. BB&T Corporation had a return on equity of 9.64% and a net margin of 19.42%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the company posted $0.76 earnings per share. BB&T Corporation’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts forecast that BB&T Corporation will post $2.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, November 9th. BB&T Corporation’s dividend payout ratio (DPR) is presently 49.07%.

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BBT has been the subject of several research reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $50.00 price target on shares of BB&T Corporation in a research report on Thursday, October 12th. BidaskClub raised shares of BB&T Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $50.00 price target on shares of BB&T Corporation in a research report on Friday, October 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $49.00 price target on shares of BB&T Corporation in a research report on Friday, July 21st. Finally, Hilliard Lyons lowered shares of BB&T Corporation from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. BB&T Corporation has an average rating of “Hold” and a consensus target price of $49.18.

Several institutional investors have recently bought and sold shares of the company. Brightworth purchased a new stake in shares of BB&T Corporation in the third quarter valued at approximately $386,000. Bainco International Investors increased its position in shares of BB&T Corporation by 8.4% in the third quarter. Bainco International Investors now owns 174,778 shares of the insurance provider’s stock valued at $8,204,000 after buying an additional 13,505 shares in the last quarter. Cable Hill Partners LLC increased its position in shares of BB&T Corporation by 7,184.0% in the third quarter. Cable Hill Partners LLC now owns 3,642 shares of the insurance provider’s stock valued at $171,000 after buying an additional 3,592 shares in the last quarter. Enterprise Financial Services Corp increased its position in shares of BB&T Corporation by 195.1% in the third quarter. Enterprise Financial Services Corp now owns 11,342 shares of the insurance provider’s stock valued at $532,000 after buying an additional 7,499 shares in the last quarter. Finally, Boys Arnold & Co. Inc. increased its position in shares of BB&T Corporation by 3.6% in the third quarter. Boys Arnold & Co. Inc. now owns 35,003 shares of the insurance provider’s stock valued at $1,643,000 after buying an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 65.82% of the company’s stock.

About BB&T Corporation

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.

Insider Buying and Selling by Quarter for BB&T Corporation (NYSE:BBT)

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