Piper Jaffray Companies Reaffirms Hold Rating for BB&T (BBT)

Mae Love
January 13, 2018

The counter witnessed a trading volume of 0.91 million shares versus an average volume of 0.43 million shares during last trading session. The insurance provider reported $0.78 earnings per share for the quarter, hitting analysts' consensus estimates of $0.78. The company has market cap of $41.98 billion. The stock increased 1.38% or $0.74 during the last trading session, reaching $54.08. About 28,470 shares traded. BB&T Corporation (NYSE:BBT) has risen 20.68% since January 12, 2017 and is uptrending. It has underperformed by 9.80% the S&P500. Northwestern Mutual Wealth Management Co. boosted its stake in shares of BB&T by 29.4% during the 2nd quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BBT. BB&T Corporation (NYSE:BBT) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. STATE STREET CORP owned 2.16% of BB&T Corporation (BBT) worth $1.34 billion at the end of the most recent reporting period. It has outperformed by 3.98% the S&P500. The investor is now holding $25.48 million shares due in part to a decrease of 562229 new shares in their portfolio. Its up 0.07, from 1.05 in 2017Q2. 81 funds opened positions while 241 raised stakes. Shares of BBT have increased 12.27% in the past three monthswhile the S&P 500 has gained 3.5% in that time. 116,011 were accumulated by Pinnacle Assocs Limited. (NYSE:AWI). Sandhill Ptnrs Limited Liability Corp holds 298,942 shares. 26,316 are owned by One Association. Principal Fincl Grp invested in 1.17 million shares. Ig Inv Management accumulated 605,000 shares or 0.15% of the stock. Lowe Brockenbrough And Company reported 37,586 shares.

BB&T Corporation (BBT) is an interesting player in the Financial space, with a focus on Regional - Southeast Banks. First Personal Serv has invested 0.05% in BB&T Corporation (NYSE:BBT). Jump Trading Limited Liability Company reported 0.04% stake. Argent Cap Mngmt Lc holds 488,179 shares or 2.81% of its portfolio.

Since August 16, 2017, it had 0 insider purchases, and 7 selling transactions for $7.30 million activity. KING KELLY S had sold 66,372 shares worth $3.15M on Friday, October 20.

BB&T (NYSE:BBT) last posted its earnings results on Thursday, October 19th. Another trade for 7,762 shares valued at $373,811 was sold by Bradley W Bennett. Wilson Donta L had sold 4,250 shares worth $201,929 on Friday, October 20. Coastline Trust Co now owns 44,855 shares of the insurance provider's stock worth $2,037,000 after purchasing an additional 4,660 shares during the last quarter. 42,233 shares were sold by Henson Christopher L, worth $2.01 million.

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Piper Jaffray Companies reiterated their hold rating on shares of BB&T (NYSE:BBT) in a research note issued to investors on Tuesday. Therefore 33% are positive.

Among 18 analysts covering Synovus Financial Corp. The firm has "Hold" rating given on Thursday, July 20 by Oppenheimer. Zacks Investment Research lowered shares of BB&T from a "hold" rating to a "sell" rating in a research note on Friday, November 3rd. Robert W. Baird has "Hold" rating and $45.0 target. The firm earned "Hold" rating on Tuesday, September 19 by KeyBanc Capital Markets. Salzhauer Michael acquired 7,804 shares as Bb&T Corp (BBT)'s stock declined 11.91%. BB&T has an average rating of "Hold" and an average price target of $52.00. (NYSE:SNV), 7 have Buy rating, 1 Sell and 10 Hold. Therefore 46% are positive. Twenty-First Century Fox Inc had 96 analyst reports since August 6, 2015 according to SRatingsIntel. As per Monday, May 16, the company rating was upgraded by Suntrust Robinson. As per Thursday, August 10, the company rating was maintained by Wells Fargo. (NASDAQ:FOXA) on Tuesday, January 3 to "Outperform" rating. The firm earned "Neutral" rating on Friday, November 13 by Suntrust Robinson. The company was maintained on Thursday, January 19 by FBR Capital. As per Wednesday, October 7, the company rating was downgraded by Citigroup. The company was maintained on Wednesday, July 26 by Deutsche Bank.

Investors sentiment decreased to 1.12 in 2017 Q3. Its up 0.26, from 1.28 in 2017Q2. It is negative, as 33 investors sold WYNN shares while 148 reduced holdings. Texan reported 41,334 shares. BMO Capital Markets maintained BB&T Corporation (NYSE:BBT) rating on Thursday, July 20. Kempner Cap Mgmt Inc stated it has 38,325 shares or 1.18% of all its holdings. Us Bancorp De holds 0.06% or 386,941 shares in its portfolio. California Pub Employees Retirement System owns 349,571 shares for 0.02% of their portfolio. Alliancebernstein LP reported 24,055 shares stake. Jennison Associates Llc owns 3.62M shares. Palladium Prtnrs Limited Liability Corporation has 123,448 shares. Victory Capital holds 0.02% or 200,672 shares in its portfolio.

Investors may also want to take a longer-term look at company shares. Winslow Evans & Crocker holds 298 shares. Century Cos reported 0.39% stake.

Analysts await Twenty-First Century Fox, Inc. On average, equities analysts expect that BB&T Corporation will post $3.10 earnings per share for the current fiscal year. ST's profit will be $145.72 million for 15.91 P/E if the $0.85 EPS becomes a reality. Jefferies Group analyst K. Usdin anticipates that the insurance provider will earn $0.87 per share for the quarter.

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