Oppenheimer Comments on BB&T Co.'s Q1 2018 Earnings (NYSE:BBT)

Saturday, 13 Jan, 2018

BB&T (NYSE:BBT) last issued its quarterly earnings data on Thursday, October 19th. It has outperformed by 3.98% the S&P500. Bluestein R H & Company who had been investing in Nucor Corp for a number of months, seems to be bullish on the $21.94B market cap company. It has a 20.81 P/E ratio.

Other equities research analysts have also issued reports about the company.

Analysts await Marlin Business Services Corp. Stifel Nicolaus maintained EV Energy Partners, L.P. (NASDAQ:EVEP) on Tuesday, August 11 with "Buy" rating. Mountain Pacific Advisers Id accumulated 0.04% or 3,888 shares. Oppenheimer analyst B. Chittenden now anticipates that the insurance provider will earn $3.54 per share for the year, up from their previous forecast of $3.36.

The stock decreased 1.67% or $0.4 during the last trading session, reaching $23.5. About 2.64M shares traded. Marlin Business Services Corp. Nucor Corporation (NYSE:NUE) has risen 21.74% since January 13, 2017 and is uptrending. It has outperformed by 6.81% the S&P500. (NYSE:MRK). Bourgeon Mgmt Ltd Liability Company holds 92,290 shares or 3.48% of its portfolio. Suntrust Banks owns 382,787 shares for 0.1% of their portfolio. Victory Capital Management Inc. now owns 50,054 shares of the insurance provider's stock worth $2,273,000 after buying an additional 5,627 shares during the period. The institutional investor held 560,121 shares of the major banks company at the end of 2017Q3, valued at $26.29 million, down from 567,921 at the end of the previous reported quarter. Utah Retirement System, Utah-based fund reported 148,651 shares.

Investors sentiment decreased to 0.93 in Q3 2017. UR-Energy Inc. has 1 buy ratings, 0 holds and 0 sells even after the stock tumbled -18.04% from its high of $0.91 to a $105.27 million market value through last close. Sold All: 56 Reduced: 291 Increased: 241 New Position: 81.

Several hedge funds have recently added to or reduced their stakes in the company. 500.82 million shares or 2.15% less from 511.81 million shares in 2017Q2 were reported. Mirae Asset Glob Invs Limited accumulated 14,857 shares. Parthenon Limited Liability holds 0.13% or 11,783 shares. Moreover, Sumitomo Mitsui Trust has 0.15% invested in BB&T Corporation (NYSE:BBT). BB&T Corporation (NYSE:BBT) earnings have risen with a quarterly rate of 0.5% over the last 5 years.

Pineno Levin & Ford Asset Management Inc increased its stake in Bb&T Corp (BBT) by 6.46% based on its latest 2017Q3 regulatory filing with the SEC. The stock of BB&T Corporation (NYSE:BBT) earned "Underweight" rating by Morgan Stanley on Friday, October 20. Carlton Hofferkamp Jenks Wealth Ltd invested 0.27% of its portfolio in Merck & Co., Inc. $373,811 worth of BB&T Corporation (NYSE:BBT) shares were sold by Bradley W Bennett. Lazard Asset Mngmt Limited Company reported 404,551 shares. First Eagle Mgmt Ltd Limited Liability Company invested 1.75% of its portfolio in BB&T Corporation (NYSE:BBT). Brandes Invest Partners Ltd Partnership reported 272,561 shares.

BB&T Corporation operates as a financial holding firm that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals.

BB&T Corporation (BBT) now trades with a market capitalization of $41.81 Billion. It operates in six divisions: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. Also, it has an estimated price-earnings (P/E) multiple of 14.78 and a trailing 12-month price-earnings (P/E) multiple of 19.76. They expect $0.80 EPS, up 9.59% or $0.07 from last year's $0.73 per share.

Since August 16, 2017, it had 0 buys, and 7 insider sales for $7.30 million activity. Mutual Of America Ltd Liability holds 0.08% in BB&T Corporation (NYSE:BBT) or 100,602 shares. Leuthold Group Llc who had been investing in Bb&T Corp. for a number of months, seems to be less bullish one the $41.94 billion market cap company. Therefore 33% are positive. Vining Sparks reaffirmed a buy rating and set a $59.00 target price on shares of BB&T in a report on Monday, January 8th. The stock was sold at an average price of $49.13, for a total transaction of $1,320,073.97. Credicorp LTD had 12 analyst reports since September 11, 2015 according to SRatingsIntel. Also, insider Donna C. Goodrich sold 10,799 shares of the company's stock in a transaction on Tuesday, November 28th. On Monday, April 24 the stock rating was maintained by FBR Capital with "Hold". The firm has "Neutral" rating by Citigroup given on Friday, September 29. $589,373 worth of BB&T Corporation (NYSE:BBT) was sold by Johnson Robert Jerome JR. The rating was downgraded by Wells Fargo to "Market Perform" on Tuesday, August 18. Barclays PLC raised their price objective on BB&T Corporation from $40.00 to $51.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 3rd. The company was maintained on Wednesday, August 23 by KeyBanc Capital Markets.

Since September 19, 2017, it had 0 insider buys, and 3 insider sales for $1.59 million activity. $410,539 worth of stock was sold by Weaver David Hudson on Wednesday, August 16. Kbc Nv reported 0.04% of its portfolio in BB&T Corporation (NYSE:BBT). Another trade for 11,508 shares valued at $559,259 was made by BANNER JENNIFER S on Thursday, October 26. $3.15M worth of BB&T Corporation (NYSE:BBT) was sold by KING KELLY S. Wilson Donta L had sold 4,250 shares worth $201,929 on Friday, October 20.

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