BB&T Corporation (BBT) : The consensus on BB&T Corporation (BBT) based on 19 analyst recommendation on the company stock is 2.11, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
BB&T Corporation (BBT) : The most positive equity analysts on BB&T Corporation (BBT) expects the shares to touch $47, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 16 Wall Street Brokerage Firms. The average price target for shares are $39.55 with an expected fluctuation of $3.55 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. BB&T Corporation (NYSE:BBT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.26 and $37.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.19, notching a gain of 0.16% for the day. The total traded volume was 3,987,157 . The stock had closed at $37.13 on the previous day.
In a related news, The officer (Sr. Executive Vice President), of Bb&T Corp, Duck Barbara F had unloaded 29,976 shares at $36.79 per share in a transaction on July 25, 2016. The total value of transaction was $1,102,817. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.