Culbertson A N & Co. Inc. lessened its stake in BB&T Co. (NYSE:BBT) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,832 shares of the insurance provider’s stock after selling 279 shares during the period. Culbertson A N & Co. Inc.’s holdings in BB&T were worth $3,110,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Financial Advantage Inc. purchased a new position in shares of BB&T during the 4th quarter valued at $27,000. Athena Capital Advisors LLC purchased a new position in shares of BB&T during the 4th quarter valued at $28,000. Sontag Advisory LLC purchased a new position in shares of BB&T during the 4th quarter valued at $28,000. Truvestments Capital LLC purchased a new position in shares of BB&T during the 1st quarter valued at $30,000. Finally, Destination Wealth Management lifted its stake in shares of BB&T by 375.0% during the 4th quarter. Destination Wealth Management now owns 722 shares of the insurance provider’s stock valued at $31,000 after buying an additional 570 shares in the last quarter. 65.16% of the stock is owned by institutional investors and hedge funds.
In other BB&T news, Director Patrick C. Graney III bought 3,890 shares of BB&T stock in a transaction dated Thursday, February 28th. The shares were purchased at an average cost of $51.04 per share, for a total transaction of $198,545.60. Following the acquisition, the director now directly owns 11,456 shares in the company, valued at approximately $584,714.24. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director I. Patricia Henry sold 2,289 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $51.51, for a total transaction of $117,906.39. Following the completion of the sale, the director now owns 4,543 shares in the company, valued at $234,009.93. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.
NYSE BBT traded up $0.04 on Wednesday, reaching $49.55. The company had a trading volume of 106,048 shares, compared to its average volume of 6,329,079. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market cap of $37.82 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.20 and a beta of 1.13. BB&T Co. has a 12 month low of $40.68 and a 12 month high of $56.03.
BB&T (NYSE:BBT) last announced its quarterly earnings results on Thursday, January 17th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. BB&T had a net margin of 24.15% and a return on equity of 12.13%. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm posted $0.83 EPS. BB&T’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts forecast that BB&T Co. will post 4.29 EPS for the current fiscal year.
BBT has been the topic of a number of analyst reports. Bank of America cut shares of BB&T from a “buy” rating to an “underperform” rating and set a $48.00 target price on the stock. in a research note on Thursday, January 10th. They noted that the move was a valuation call. Odeon Capital Group initiated coverage on shares of BB&T in a research note on Friday, March 8th. They set a “buy” rating on the stock. ValuEngine cut shares of BB&T from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. Stephens cut shares of BB&T from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 6th. Finally, Deutsche Bank downgraded shares of BB&T from a “buy” rating to a “hold” rating and set a $49.08 price target on the stock. in a report on Friday, January 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $53.86.
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BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.
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