BB&T Corporation (BBT) was Downgraded by FBR & Co. to ” Mkt Perform” while Lowering the Price Target of the company shares to $ 40 from a previous price target of $45 . Earlier the firm had a rating of “Outperform ” on the company shares. FBR & Co. advised their investors in a research report released on Oct 11, 2016.
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.
BB&T Corporation closed down -0.07 points or -0.18% at $38.89 with 37,02,335 shares getting traded on Friday. Post opening the session at $38.94, the shares hit an intraday low of $38.49 and an intraday high of $39.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Sep 2, 2016, I. Patricia Henry (director) sold 1,000 shares at $38.13 per share price. According to the SEC, on Sep 1, 2016, Kelly S King (Chairman and CEO) sold 162,415 shares at $38.25 per share price. On Aug 31, 2016, W Bennett Bradley (Sr. Executive Vice President) sold 5,000 shares at $38.11 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.