Huntington National Bank held its position in BB&T Corp. (NYSE:BBT) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,595 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in BB&T Corp. were worth $1,972,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in BBT. Integrated Investment Consultants LLC raised its position in BB&T Corp. by 13.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,989 shares of the company’s stock worth $106,000 after buying an additional 344 shares during the period. Cribstone Capital Management LLC acquired a new position in BB&T Corp. during the second quarter worth $125,000. Hartford Financial Management Inc. raised its position in BB&T Corp. by 13.6% in the second quarter. Hartford Financial Management Inc. now owns 4,773 shares of the company’s stock worth $169,000 after buying an additional 573 shares during the period. Orrstown Financial Services Inc. raised its position in BB&T Corp. by 32.8% in the second quarter. Orrstown Financial Services Inc. now owns 4,873 shares of the company’s stock worth $174,000 after buying an additional 1,204 shares during the period. Finally, Heritage Investors Management Corp acquired a new position in BB&T Corp. during the second quarter worth $205,000. 63.03% of the stock is owned by hedge funds and other institutional investors.
Shares of BB&T Corp. (NYSE:BBT) traded down 0.71% on Friday, hitting $37.87. The stock had a trading volume of 6,215,347 shares. The firm has a market cap of $30.85 billion, a price-to-earnings ratio of 14.62 and a beta of 0.99. BB&T Corp. has a 12-month low of $29.95 and a 12-month high of $39.47. The stock has a 50 day moving average of $37.91 and a 200 day moving average of $35.79.
BB&T Corp. (NYSE:BBT) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. BB&T Corp. had a return on equity of 9.12% and a net margin of 20.11%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. Equities analysts predict that BB&T Corp. will post $2.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were issued a $0.30 dividend. The ex-dividend date was Wednesday, August 10th. This is a boost from BB&T Corp.’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 3.17%. BB&T Corp.’s dividend payout ratio is currently 45.98%.
A number of research firms have recently weighed in on BBT. Wells Fargo & Co. reaffirmed a “buy” rating on shares of BB&T Corp. in a research note on Saturday, July 9th. Deutsche Bank AG reissued a “buy” rating on shares of BB&T Corp. in a research note on Sunday, June 26th. Credit Suisse Group AG reissued a “buy” rating on shares of BB&T Corp. in a research note on Tuesday, July 12th. Morgan Stanley reissued a “hold” rating and set a $37.00 price target on shares of BB&T Corp. in a research note on Friday, August 5th. Finally, Sandler O’Neill lowered BB&T Corp. from a “buy” rating to a “hold” rating and set a $37.00 price target for the company. in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $39.59.
In related news, insider Barbara F. Duck sold 29,976 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $36.79, for a total value of $1,102,817.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Kelly S. King sold 162,415 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $38.25, for a total value of $6,212,373.75. Following the completion of the transaction, the chairman now owns 448,391 shares in the company, valued at $17,150,955.75. The disclosure for this sale can be found here. 0.88% of the stock is owned by corporate insiders.
About BB&T Corp.
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