BB&T Corporation (BBT) : Cutler Capital Management reduced its stake in BB&T Corporation by 5.26% during the most recent quarter end. The investment management company now holds a total of 18,000 shares of BB&T Corporation which is valued at $665,100 after selling 1,000 shares in BB&T Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.BB&T Corporation makes up approximately 0.49% of Cutler Capital Management’s portfolio.
Other Hedge Funds, Including , Strs Ohio reduced its stake in BBT by selling 773,713 shares or 29.42% in the most recent quarter. The Hedge Fund company now holds 1,856,437 shares of BBT which is valued at $68,595,347. BB&T Corporation makes up approx 0.29% of Strs Ohio’s portfolio.Goelzer Investment Management boosted its stake in BBT in the latest quarter, The investment management firm added 915 additional shares and now holds a total of 80,155 shares of BB&T Corporation which is valued at $2,956,116. BB&T Corporation makes up approx 0.39% of Goelzer Investment Management’s portfolio.Joel Isaacson boosted its stake in BBT in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 1,178 shares of BB&T Corporation which is valued at $43,445. BB&T Corporation makes up approx 0.01% of Joel Isaacson’s portfolio.Arbor Investment Advisors reduced its stake in BBT by selling 500 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 89,786 shares of BBT which is valued at $3,293,350. BB&T Corporation makes up approx 1.84% of Arbor Investment Advisors’s portfolio.Washington Trust Bank reduced its stake in BBT by selling 260 shares or 6.74% in the most recent quarter. The Hedge Fund company now holds 3,600 shares of BBT which is valued at $126,792. BB&T Corporation makes up approx 0.03% of Washington Trust Bank’s portfolio.
BB&T Corporation closed down -0.24 points or -0.65% at $36.87 with 36,14,184 shares getting traded on Friday. Post opening the session at $36.96, the shares hit an intraday low of $36.82 and an intraday high of $37.13 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
Investors should note that on Jul 26, 2016, BB&T Corporation announced a cash dividend of $0.3000. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 1, 2016.
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&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.