BB&T Corp. (NYSE:BBT) had its price target raised by equities researchers at Deutsche Bank AG from $42.00 to $48.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 6.08% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. BMO Capital Markets cut shares of BB&T Corp. from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $43.00 to $45.00 in a report on Tuesday, November 15th. They noted that the move was a valuation call. Credit Suisse Group AG reissued a “buy” rating and issued a $42.00 target price on shares of BB&T Corp. in a research note on Wednesday, September 28th. FBR & Co cut BB&T Corp. from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $45.00 to $40.00 in a research note on Tuesday, October 11th. increased their target price on BB&T Corp. from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, September 23rd. Finally, Morgan Stanley cut BB&T Corp. from an “equal weight” rating to an “underweight” rating and set a $42.00 target price on the stock. in a research note on Monday, November 14th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.24.

Analyst Recommendations for BB&T Corp. (NYSE:BBT)

Shares of BB&T Corp. (NYSE:BBT) traded up 2.49% on Wednesday, reaching $45.25. The company’s stock had a trading volume of 6,947,289 shares. The firm has a market cap of $36.72 billion, a price-to-earnings ratio of 16.82 and a beta of 1.02. BB&T Corp. has a 12 month low of $29.95 and a 12 month high of $45.31. The stock has a 50 day moving average of $40.43 and a 200-day moving average of $37.67.

BB&T Corp. (NYSE:BBT) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. BB&T Corp. had a net margin of 20.54% and a return on equity of 9.45%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. On average, analysts anticipate that BB&T Corp. will post $2.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday, November 8th. BB&T Corp.’s dividend payout ratio is 44.44%.

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In other BB&T Corp. news, Director I. Patricia Henry sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $38.13, for a total transaction of $38,130.00. Following the completion of the transaction, the director now owns 8,090 shares of the company’s stock, valued at $308,471.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brantley J. Standridge sold 19,873 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $39.13, for a total transaction of $777,630.49. Following the transaction, the insider now directly owns 30,817 shares of the company’s stock, valued at approximately $1,205,869.21. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

Several large investors have recently made changes to their positions in BBT. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of BB&T Corp. by 7.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,586 shares of the company’s stock valued at $986,000 after buying an additional 2,144 shares during the period. First Republic Investment Management Inc. increased its stake in shares of BB&T Corp. by 157.3% in the first quarter. First Republic Investment Management Inc. now owns 19,824 shares of the company’s stock valued at $659,000 after buying an additional 12,118 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of BB&T Corp. by 13.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,989 shares of the company’s stock valued at $106,000 after buying an additional 344 shares during the period. Patten & Patten Inc. TN purchased a new stake in shares of BB&T Corp. during the second quarter valued at $287,000. Finally, British Columbia Investment Management Corp increased its stake in shares of BB&T Corp. by 15.3% in the second quarter. British Columbia Investment Management Corp now owns 509,100 shares of the company’s stock valued at $18,129,000 after buying an additional 67,492 shares during the period. 63.10% of the stock is owned by institutional investors.

About BB&T Corp.

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