BB&T Corporation (BBT) was Downgraded by Robert W. Baird to ” Neutral” while Lowering the Price Target of the company shares to $ 37 from a previous price target of $40 . Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Jul 11, 2016.
Many Wall Street Analysts have commented on BB&T Corporation. 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 was Downgraded by Raymond James to ” Mkt Perform” on May 9, 2016.
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.
BB&T Corporation opened for trading at $35.33 and hit $35.59 on the upside on Friday, eventually ending the session at $35.22, with a gain of 1.29% or 0.45 points. The heightened volatility saw the trading volume jump to 36,48,613 shares. Company has a market cap of $27,555 M.
In a different news, on May 31, 2016, Jennifer S Banner (director) sold 1,545 shares at $36.26 per share price. According to the SEC, on May 26, 2016, William Rufus Yates (Sr. Executive Vice President) sold 8,500 shares at $35.55 per share price. On May 25, 2016, David Hudson Weaver (Sr. Executive Vice President) sold 4,000 shares at $35.05 per share price, according to the Form-4 filing with the securities and exchange commission.
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.