BB&T Corporation (BBT) : Stearns Financial Services Group scooped up 458 additional shares in BB&T Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 49,478 shares of BB&T Corporation which is valued at $1,831,181.BB&T Corporation makes up approximately 0.50% of Stearns Financial Services Group’s portfolio.
Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in BBT by selling 68,868 shares or 30.69% in the most recent quarter. The Hedge Fund company now holds 155,538 shares of BBT which is valued at $5,756,461. BB&T Corporation makes up approx 0.07% of Public Sector Pension Investment Board’s portfolio.Louisiana State Employees Retirement System reduced its stake in BBT by selling 60,400 shares or 52.84% in the most recent quarter. The Hedge Fund company now holds 53,900 shares of BBT which is valued at $1,991,605. BB&T Corporation makes up approx 0.10% of Louisiana State Employees Retirement System’s portfolio.United Bank reduced its stake in BBT by selling 4,910 shares or 6.33% in the most recent quarter. The Hedge Fund company now holds 72,610 shares of BBT which is valued at $2,677,857. BB&T Corporation makes up approx 1.19% of United Bank’s portfolio. Hexavest added BBT to its portfolio by purchasing 1,465,796 company shares during the most recent quarter which is valued at $53,765,397. BB&T Corporation makes up approx 0.80% of Hexavest’s portfolio.
BB&T Corporation opened for trading at $37.98 and hit $38.04 on the upside on Tuesday, eventually ending the session at $37.86, with a gain of 0.19% or 0.07 points. The heightened volatility saw the trading volume jump to 21,64,475 shares. Company has a market cap of $30,837 M.
On the company’s financial health, BB&T Corporation reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.68. The company had revenue of $2787.00 million for the quarter, compared to analysts expectations of $2748.91 million. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on BB&T Corporation. Shares were Downgraded by Robert W. Baird on Jul 11, 2016 to ” Neutral” and Lowered the Price Target to $ 37 from a previous price target of $40 .BB&T Corporation was Downgraded by Sandler O’Neill to ” Hold” on Jun 29, 2016. BB&T Corporation was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on May 16, 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&Ts 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&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.