BB&T Corporation (NYSE:BBT) receieved a positive analyst call from FIG Partners, which upgraded the stock from Market Perform to Outperform on February 08. Analysts at BofA/Merrill, shed their negative views on February 08 by lifting it fromUnderperform to Buy. The stock lost favor of BofA/Merrill analysts who expressed their lack of confidence in it using a downgrade from Buy to Underperform on January 10.
BB&T Corporation (BBT) grew as high as $50.68 on Friday before closing at $50.24. The -0.44 percent plunge dragged its market cap to $38.89B. The shares went down as low as $49.68 before recovering. Trading activity significantly improved as the volume at ready counter increased to 12,178,382 shares versus 6,582,620 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 6,029,974 shares. The stock is now 23.5% above against its bear-market low of $40.68 on December 26, 2018. It has retreated -12.08% since it’s 52-week high of $56.31 reached in March. Now the market price is down -6.57% on the year and up 15.97% YTD.
BBT’s 50 day simple moving average (SMA 50) price is $47.04 and its 200-day simple moving average (SMA 200) price is $50.3. The company’s stock currently has a total float of 764.8M shares. Its weekly volatility is hovering around 2.18% and felt 1.92% volatility in price over a month. On the upside, the share price will test short term resistance at around $50.72. On a downside, the stock is likely to find some support, which begins at $49.72. The failure to get near-term support could push it to $49.2.
Separately, it has been reported that multiple insider activity took place at BB&T Corporation (BBT). Director Graney Patrick C Iii acquired 4,200 shares for $4,200 in transaction occurred on 2018/12/06. After making this transaction, the Director owns a direct stake of 199,752 shares, worth $211,008, as per the last closing price. On 2018/11/07 Qubein Nido R, Director at BBT, dumped 2,825 shares at an average price of $50.19 per share. The selling total is valued at $2,726,324.
Director, Henry I. Patricia had divested 611 shares for $12,669 through a trade on 2018/10/31. Following this activity, the insider holds 30,245 shares worth $636,491 as of recent close. Wall Street’s most bullish BB&T Corporation (NYSE:BBT) analysts are predicting the share price to blow past $62 per share during the next 12 months. The current median share price forecast by them is $55, suggesting that the stock could increase 9.47% in that time frame. The average price target of $55.01 calls for a nearly 9.49% increase in the stock price.
When looking at valuations, BB&T Corporation (BBT) has a cheap P/E of 12.85x as compared to industry average of 19.58x. Moreover, it trades for 10.76 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.44x price/book and 4.79x price/sales. Compared to others, BB&T Corporation is in a different league with regards to profitability, having net margins of 33.6%. To put some perspective around this, the industry’s average net margin is 32.84%. BBT’s ROE is 10.2%, which is also considerably worse than the industry’s ROE of 16.76%.
Shares of BB&T Corporation (BBT) have gained 3.3% since the company’s last earnings report. Over the past 12 fiscal quarters, BB&T Corporation (NYSE:BBT) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 0 quarters (0%), whereas at 3 occasion EPS met analyst expectations. BBT last reported earnings on January 17, 2019 when it released Dec-18 results that receded expectations. The company raked in $0.97 per share, -86.04% change on the same period last year. That was worse than consensus for $1.04. Revenue for the recent quarter stood at $2.96 billion, up 2% on last year and below the $2.97 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.91 billion to $2.95 billion, which should be compared with $2.94 billion generated last year. EPS is seen in a range of $1 to $1.08, against the $1.02 reported a year ago.