BB&T Corporation (NYSE:BBT) stock is presently standing at about $46.66 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 26 analysts covering the company is $48.50, which suggests the stock could still rise over 4 percent. The highest analyst price target is $53.00, which implies a rally of 86 percent. And a quick view of analyst notes show that 7 are rating the stock a buy while 5 rate BBT a strong buy. There are 16 equity research firms advocating a Hold and 0 consider it Sell.
Piper Jaffray analysts provided their view on BB&T Corporation (NYSE:BBT) recently. The rating firm issued a Neutral rating to this company in a research note released on Jan 09, 2017. Morgan Stanley analysts disclosed their opinion on BB&T Corporation (NYSE:BBT) recently. The rating firm gave a Underweight rating to this stock in a research note published on Nov 14, 2016. According to a research note disclosed on Oct 20, 2016, analysts at Macquarie have lowered their rating on these shares from Neutral to Underperform.
BB&T Corporation (NYSE:BBT) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director Williams Stephen T sold 1,128,253 company shares for $53355000.08, in a transaction on 2016-12-23. Following the transaction, the Director is left with a stake of 53355.08 shares, currently valued at $2489548. Meanwhile, Director QUBEIN NIDO R sold 10,904 shares worth $515000.54, through a transaction dated 2016-12-22. Following the completion of the transaction, the insider is left with a stake of 61,210 shares, amounting $2856058.6. BBT Corp. Controller, Exec VP Powell Cynthia B also sold 9,012 shares, at a stock price of $42.21. This transaction occurred on 2016-11-14 totals $380000.4. After this transaction, the insider’s stake stands at 14,568 shares, with a market value of $679743.
Executives hold 0.63 percent of the stock. Thomas N. Thompson is one of the biggest insider owners in BB&T Corporation (NYSE:BBT), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 554,407 shares which have current market value of around $25868630.62.Stephen Taylor Williams is another major inside shareholder in the company. The insider owns 375,250 shares as of less than 0.1%, currently worth $17509165. Barry J. Fitzpatrick is ranked as third insider holder of the stock. This insider holds 337,713 shares with a market value around $15757688.58 as of recent close.
BB&T Corporation (NYSE:BBT) Earnings Outlook
In BB&T Corporation (NYSE:BBT)’s latest quarter, EPS moved to $0.73 from $0.66 in preceding quarter and revenues reached at $2,814.00M compared to $2,787.00M. Analysts had expected BB&T Corporation (NYSE:BBT) to post net income of about $0.70 per share on $2,772.42M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.72 to $0.86. That is compared with the $0.64 in EPS it reported during the same period a year ago.