News stories about BB&T (NYSE:BBT) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BB&T earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.6887882598231 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
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BB&T And Novant Health Partnership: Banking And Health Resourcees For Hispanic Community (wfmynews2.com) New BB&T And Novant Health Partnership Helps Triad Latino Community (wfmynews2.com) Norfolk’s BB&T building is getting spruced up (pilotonline.com) Former BB&T branches going up for auction in Triad and across North Carolina (finance.yahoo.com) Florence police investigate after Jeep crashes into bank (wbtw.com)
NYSE:BBT traded down $0.52 on Friday, hitting $54.91. 3,195,095 shares of the company’s stock were exchanged, compared to its average volume of 4,049,313. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.86. BB&T has a 52 week low of $41.17 and a 52 week high of $56.31. The stock has a market capitalization of $43.13 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.22 and a beta of 1.05.
BB&T (NYSE:BBT) last issued its quarterly earnings results on Thursday, April 19th. The insurance provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. BB&T had a net margin of 21.63% and a return on equity of 10.38%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. analysts anticipate that BB&T will post 4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 11th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, May 10th. This is a boost from BB&T’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 2.73%. BB&T’s payout ratio is 47.77%.
Several equities research analysts recently commented on the stock. ValuEngine cut shares of BB&T from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Zacks Investment Research cut shares of BB&T from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. B. Riley reaffirmed a “hold” rating and issued a $55.00 price objective on shares of BB&T in a research report on Thursday, January 18th. Oppenheimer reaffirmed a “hold” rating on shares of BB&T in a research report on Thursday, January 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $56.00 price objective on shares of BB&T in a research report on Thursday, April 5th. Thirteen analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. BB&T presently has an average rating of “Buy” and a consensus price target of $54.48.
In other news, Director K. David Jr. Boyer sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $55.03, for a total transaction of $137,575.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Cynthia B. Powell sold 2,817 shares of the business’s stock in a transaction dated Wednesday, April 25th. The stock was sold at an average price of $53.78, for a total transaction of $151,498.26. Following the transaction, the vice president now owns 17,000 shares in the company, valued at $914,260. The disclosure for this sale can be found here. Insiders have sold a total of 316,048 shares of company stock worth $17,014,541 over the last 90 days. 0.51% of the stock is owned by company insiders.
BB&T Company Profile
BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.