US Bancorp DE Sells 1,088 Shares of BB&T Co. (BBT)

US Bancorp DE decreased its holdings in BB&T Co. (NYSE:BBT) by 0.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 398,852 shares of the insurance provider’s stock after selling 1,088 shares during the quarter. US Bancorp DE’s holdings in BB&T were worth $19,360,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. IMA Wealth Inc. acquired a new position in shares of BB&T during the second quarter worth $116,000. First PREMIER Bank increased its position in shares of BB&T by 64.9% during the second quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 1,000 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in shares of BB&T during the second quarter worth $167,000. Whittier Trust Co. increased its position in shares of BB&T by 591.3% during the second quarter. Whittier Trust Co. now owns 4,300 shares of the insurance provider’s stock worth $170,000 after purchasing an additional 3,678 shares in the last quarter. Finally, Bridgeworth LLC acquired a new position in shares of BB&T during the second quarter worth $197,000. 64.96% of the stock is owned by institutional investors.

In other BB&T news, Director I. Patricia Henry sold 611 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $49.50, for a total value of $30,244.50. Following the sale, the director now directly owns 4,375 shares of the company’s stock, valued at $216,562.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.51% of the stock is currently owned by corporate insiders.

Shares of BBT opened at $49.97 on Wednesday. The firm has a market cap of $37.89 billion, a PE ratio of 15.91, a P/E/G ratio of 1.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. BB&T Co. has a 1-year low of $45.73 and a 1-year high of $56.31.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 18th. The insurance provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. BB&T had a net margin of 23.52% and a return on equity of 11.66%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that BB&T Co. will post 3.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 9th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.24%. The ex-dividend date is Thursday, November 8th. BB&T’s payout ratio is 51.59%.

A number of equities analysts have recently issued reports on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $59.00 price target on shares of BB&T in a research report on Thursday, July 12th. B. Riley reduced their price target on BB&T from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $52.00 price target on shares of BB&T in a research report on Friday, July 20th. FIG Partners downgraded BB&T from an “outperform” rating to a “market perform” rating in a research report on Friday, July 20th. Finally, Stephens reaffirmed a “buy” rating and set a $59.00 price target on shares of BB&T in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.50.

COPYRIGHT VIOLATION WARNING: “US Bancorp DE Sells 1,088 Shares of BB&T Co. (BBT)” was reported by WKRB News and is the sole property of of WKRB News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.wkrb13.com/2018/11/07/us-bancorp-de-sells-1088-shares-of-bbt-co-bbt.html.

BB&T 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.

See Also: Return on Investment (ROI)

Want to see what other hedge funds are holding BBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BB&T Co. (NYSE:BBT).

Institutional Ownership by Quarter for BB&T (NYSE:BBT)

Receive News & Ratings for BB&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply