Willis Investment Counsel buys $21.9 Million stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Willis Investment Counsel scooped up 57,110 additional shares in BB&T Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 660,840 shares of BB&T Corporation which is valued at $21.9 Million.BB&T Corporation makes up approximately 1.92% of Willis Investment Counsel’s portfolio.

Other Hedge Funds, Including , Tredje Ap-fonden boosted its stake in BBT in the latest quarter, The investment management firm added 20,999 additional shares and now holds a total of 69,036 shares of BB&T Corporation which is valued at $2.3 Million. BB&T Corporation makes up approx 0.11% of Tredje Ap-fonden’s portfolio.Comerica Bank reduced its stake in BBT by selling 25,875 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 401,438 shares of BBT which is valued at $13.3 Million. BB&T Corporation makes up approx 0.12% of Comerica Bank’s portfolio.Bank Of The Ozarks reduced its stake in BBT by selling 298 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 47,788 shares of BBT which is valued at $1.6 Million. BB&T Corporation makes up approx 0.61% of Bank Of The Ozarks’s portfolio.Farmers Merchants Investments Inc reduced its stake in BBT by selling 23 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 6,290 shares of BBT which is valued at $213,986. BB&T Corporation makes up approx 0.02% of Farmers Merchants Investments Inc’s portfolio.

BB&T Corporation opened for trading at $35.12 and hit $35.415 on the upside on Friday, eventually ending the session at $35.08, with a gain of 0.20% or 0.07 points. The heightened volatility saw the trading volume jump to 38,00,313 shares. Company has a market cap of $27,446 M.

On the company’s financial health, BB&T Corporation reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus of $0.72. The company had revenue of $2557.00 million for the quarter, compared to analysts expectations of $2587.51 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on BB&T Corporation. BB&T Corporation was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on May 16, 2016. BB&T Corporation was Downgraded by Raymond James to ” Mkt Perform” on May 9, 2016. BB&T Corporation was Downgraded by Raymond James to ” Outperform” on Apr 7, 2016.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary Branch Bank and other nonbank subsidiaries. BB&T’s operations are divided into six reportable business segments: Community Banking Residential Mortgage Banking Dealer Financial Services Specialized Lending Insurance Services and Financial Services and Other Treasury and Corporate. Branch Bank provides 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 1839 offices as of December 31 2014. BB&T’s subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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