Today’s Stock On Watch: After Achieving All-Time High, Is BB&T Corporation’s Near-Term Analysis Positive?

Today's Stock On Watch: After Achieving All Time High, Is BB&T Corporation's Near Term Analysis Positive?

The stock of BB&T Corporation (NYSE:BBT) reached all time high today, Dec, 1 and still has $47.16 target or 3.00% above today’s $45.79 share price. This indicates more upside for the $38.08 billion company. This technical setup was reported by Barchart.com. If the $47.16 PT is reached, the company will be worth $1.14 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.19 million shares traded hands. BB&T Corporation (NYSE:BBT) has risen 27.11% since April 28, 2016 and is uptrending. It has outperformed by 21.18% the S&P500.

Analysts await BB&T Corporation (NYSE:BBT) to report earnings on January, 19. They expect $0.73 EPS, up 7.35% or $0.05 from last year’s $0.68 per share. BBT’s profit will be $607.08M for 15.68 P/E if the $0.73 EPS becomes a reality. After $0.76 actual EPS reported by BB&T Corporation for the previous quarter, Wall Street now forecasts -3.95% negative EPS growth.

BB&T Corporation (NYSE:BBT) Ratings Coverage

Out of 21 analysts covering BB&T Corp (NYSE:BBT), 8 rate it a “Buy”, 3 “Sell”, while 10 “Hold”. This means 38% are positive. BB&T Corp has been the topic of 36 analyst reports since July 17, 2015 according to StockzIntelligence Inc. On Wednesday, June 29 the stock rating was downgraded by Sandler O’Neill to “Hold”. Barclays Capital maintained the shares of BBT in a report on Friday, January 22 with “Equal-Weight” rating. On Tuesday, November 24 the stock rating was initiated by Piper Jaffray with “Neutral”. The stock of BB&T Corporation (NYSE:BBT) has “Outperform” rating given on Monday, May 16 by SunTrust. The firm earned “Market Perform” rating on Tuesday, November 15 by BMO Capital Markets. The firm has “Neutral” rating by Robert W. Baird given on Monday, July 11. As per Thursday, October 20, the company rating was downgraded by Macquarie Research. Barclays Capital maintained the shares of BBT in a report on Wednesday, April 6 with “Equalweight” rating. The firm earned “Buy” rating on Thursday, January 21 by Argus Research. Deutsche Bank maintained the shares of BBT in a report on Tuesday, April 5 with “Hold” rating.

According to Zacks Investment Research, “BB&T Corporation is a multi-bank holding company. The company offers full-service commercial and retail banking and additional financial services such as insurance, corporate finance, international banking, leasing and trust. BB&T conducts its operations in North Carolina, South Carolina, Virginia, Maryland, Georgia, West Virginia, Kentucky and the metropolitan Washington, D.C. area.”

Insitutional Activity: The institutional sentiment decreased to 1.35 in 2016 Q2. Its down 0.04, from 1.39 in 2016Q1. The ratio turned negative, as 61 funds sold all BB&T Corporation shares owned while 199 reduced positions. 60 funds bought stakes while 301 increased positions. They now own 504.84 million shares or 2.16% more from 494.14 million shares in 2016Q1.
Dimensional Fund Ltd Partnership has 0.08% invested in the company for 4.11 million shares. Ghp Invest Advsrs holds 44,004 shares or 0.34% of its portfolio. Regions Fincl Corp holds 1.30 million shares or 0.6% of its portfolio. Gemmer Asset Management holds 317 shares or 0.01% of its portfolio. Moreover, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment has 0.02% invested in BB&T Corporation (NYSE:BBT) for 59,400 shares. Highlander Cap Limited Liability Corporation last reported 0.23% of its portfolio in the stock. Independent Consultants last reported 992 shares in the company. Rhumbline Advisers owns 1.30M shares or 0.14% of their US portfolio. City Trust Co Fl accumulated 0.15% or 10,264 shares. Blackrock Japan Ltd holds 0.14% or 1.07 million shares in its portfolio. Advantus Capital accumulated 79,784 shares or 0.08% of the stock. National Pension Serv has 542,818 shares for 0.17% of their US portfolio. Wills Group Inc last reported 17,587 shares in the company. Aqr Management Limited Company has 0.03% invested in the company for 472,148 shares. Badgley Phelps And Bell holds 0.74% or 228,949 shares in its portfolio.

Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 14 selling transactions for $18.56 million net activity. Brown Ricky sold $2.79M worth of BB&T Corporation (NYSE:BBT) on Tuesday, August 9. $1.10 million worth of BB&T Corporation (NYSE:BBT) was sold by DUCK BARBARA F on Monday, July 25. QUBEIN NIDO R sold $787,398 worth of stock or 20,000 shares. 73,295 shares were sold by Henson Christopher L, worth $2.79M. On Thursday, August 25 Weaver David Hudson sold $412,175 worth of the stock or 10,909 shares. KING KELLY S had sold 46,216 shares worth $1.70M. Bible Daryl N. had sold 44,293 shares worth $1.69M.

Another recent and important BB&T Corporation (NYSE:BBT) news was published by Prnewswire.com which published an article titled: “BB&T Corporation CEO to speak at Goldman Sachs U.S. Financial Services Conference” on November 30, 2016.

BBT Company Profile

BB&T Corporation (BB&T), incorporated on September 24, 1968, is a financial holding company. The Firm conducts its business primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. The Company’s divisions include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, 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 over 2,140 offices.

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