Catawba Capital Management Va buys $5,786,781 stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Catawba Capital Management Va scooped up 3,633 additional shares in BB&T Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 158,803 shares of BB&T Corporation which is valued at $5,786,781.BB&T Corporation makes up approximately 1.37% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , St. Johns Investment Management Company boosted its stake in BBT in the latest quarter, The investment management firm added 3,190 additional shares and now holds a total of 19,230 shares of BB&T Corporation which is valued at $700,741. BB&T Corporation makes up approx 0.61% of St. Johns Investment Management Company’s portfolio.Triangle Securities Wealth Management boosted its stake in BBT in the latest quarter, The investment management firm added 4,359 additional shares and now holds a total of 40,520 shares of BB&T Corporation which is valued at $1,427,114. BB&T Corporation makes up approx 1.05% of Triangle Securities Wealth Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in BBT by selling 389,753 shares or 76.11% in the most recent quarter. The Hedge Fund company now holds 122,351 shares of BBT which is valued at $4,309,202. BB&T Corporation makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.

BB&T Corporation closed down -0.18 points or -0.49% at $36.44 with 51,04,243 shares getting traded on Wednesday. Post opening the session at $36.84, the shares hit an intraday low of $36.415 and an intraday high of $36.87 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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&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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