National Penn Investors Trust Co Pa buys $56.5 Million stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : National Penn Investors Trust Co Pa scooped up 202,166 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 11, 2016. The investment management firm now holds a total of 1,705,179 shares of BB&T Corporation which is valued at $56.5 Million.BB&T Corporation makes up approximately 6.44% of National Penn Investors Trust Co Pa’s portfolio.

Other Hedge Funds, Including , United Capital Financial Advisers boosted its stake in BBT in the latest quarter, The investment management firm added 3,278 additional shares and now holds a total of 75,460 shares of BB&T Corporation which is valued at $2.5 Million. BB&T Corporation makes up approx 0.03% of United Capital Financial Advisers’s portfolio.Gamco Investors Et Al boosted its stake in BBT in the latest quarter, The investment management firm added 86,800 additional shares and now holds a total of 145,450 shares of BB&T Corporation which is valued at $4.9 Million. BB&T Corporation makes up approx 0.03% of Gamco Investors Et Al’s portfolio.Gabelli Funds boosted its stake in BBT in the latest quarter, The investment management firm added 98,373 additional shares and now holds a total of 144,273 shares of BB&T Corporation which is valued at $4.9 Million. BB&T Corporation makes up approx 0.03% of Gabelli Funds’s portfolio. Bbva Compass Bancshares Inc added BBT to its portfolio by purchasing 6,326 company shares during the most recent quarter which is valued at $215,211. BB&T Corporation makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio.California Public Employees Retirement System boosted its stake in BBT in the latest quarter, The investment management firm added 64,000 additional shares and now holds a total of 2,358,843 shares of BB&T Corporation which is valued at $80.2 Million. BB&T Corporation makes up approx 0.13% of California Public Employees Retirement System’s portfolio.

BB&T Corporation opened for trading at $33.35 and hit $33.67 on the upside on Monday, eventually ending the session at $33.53, with a gain of 1.24% or 0.41 points. The heightened volatility saw the trading volume jump to 52,92,162 shares. Company has a market cap of $26,233 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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