BB&T Corporation (BBT): Price Target and June Short Interest Disclosure

BB&T Corporation (BBT) : The highest short term price target forecast on BB&T Corporation (BBT) is $47 and the lowest target price is $34. A total of 16 equity analysts are currently covering the company. The average price of all the analysts is $39.2 with a standard deviation of $3.56.

BB&T Corporation (BBT) stated gains of 3,638,695 shares or 33% in the short interest. The short interest registered from 11,031,403 on June 15,2016 to 14,670,098 on June 30,2016. In terms of floated shares, the shorted positions stood at 1.8%. The stock has been averaging 5,601,526 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Sandler ONeill downgrades its rating on BB&T Corporation (NYSE:BBT). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 29, 2016.


BB&T Corporation (NYSE:BBT): stock turned positive on Thursday. Though the stock opened at $36.63, the bulls momentum made the stock top out at $36.78 level for the day. The stock recorded a low of $36.34 and closed the trading day at $36.67, in the green by 2.14%. The total traded volume for the day was 4,725,080. The stock had closed at $35.9 in the previous days trading.

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 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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