BB&T Corporation (NYSE:BBT):
BB&T Corporation CFO to speak at BancAnalysts Association of Boston Conference.
In the market the company is trading up by 0.62% percent from yesterday’s close.
Additionally the company recently declared a dividend that was paid on Friday the 1st of September 2017. The dividend was $0.330 per share for the quarter which comes to $1.32 on an annualized basis. This dividend represents a yield of $2.78. The ex-dividend date was set for Wednesday the 9th of August 2017.
BB&T Corporation, launched on September 24, 1968, 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. Branch Bank provided a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals, through 2,196 offices, as of December 31, 2016. Its subsidiaries offer a variety of services targeted to retail and commercial clients. Its insurance operations primarily consist of a wholesale/agency network. Its retail services include asset management, automobile lending, bankcard lending, consumer finance, home equity lending, home mortgage lending, insurance, investment brokerage services, payment solutions and sales finance, among others. Its commercial services include asset management, association services, capital market services, commercial deposit services, commercial finance, corporate banking, floor plan lending, insurance, merchant services, real estate lending and payment solutions, among others..
Shares last traded at $47.71 which is just a bit higher than $45.95, the 50 day moving average and which is marginally higher than the 200 day moving average of $44.98. The 50 day moving average was up by +3.831% and the 200 day average moved up $2.72.
The P/E ratio is 17.807 and the market value is 38.55B. As of the latest earnings report the EPS was $2.68 and is estimated to be $2.78 for the current year with 808,092,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.80 with next year’s EPS projected to be $3.42.
Traders are a little more bullish on shares of BB&T Corporation of late looking at the fall in short interest. The firm had a fall in short interest of -7.97% as of September 29, 2017 from the last reporting period. Short shares fell from 20,495,558 to 18,861,560 over that timeframe. Days to cover increased from 4.0 to 5.0 and the percentage of shorted shares is 0.02% as of September 29.
A few investment firms have released ratings on the stock recently. On October 5 the company was changed to “Overweight” by Stephens & Co. which was a boost from the previous “Overweight” rating. October 9 investment analysts at Citigroup kept the company rating at “Neutral” and raised the price target to $49.00 from $41.00.