BB&T Corporation (BBT): 1 Aspect That’s Somewhat Good

BB&T Corporation (BBT) will probably climb 16.55 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $59-month high price target. This represents a whopping 29.36 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $52, which represents a return potential of 14.01 percent when compared to the closing price of the stock of $45.61 on Friday, January 11. The lowest price target for the stock is $47 — slightly more than 3.05 percent from BBT’s current share price.

The stock is currently hovering around the first support level of $45.01. Below this, the next support is placed in the zone of $44.4. Till the time, the BBT stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 49.4 on daily chart, which may remain a cause for concern. If the price breaks below $44.4 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $45.99 mark may result into a pull-back move towards $46.36 level.

On 11th of January, BB&T Corporation (NYSE:BBT) shares ended lower after a volatile session. The shares dropped -0.25 points or -0.55 percent at $45.61 with a heavy trade volume of 11.35 million shares. After opening the session at $44.83, the shares went as high as $45.76 and as low as $44.78, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $35.3 billion and now has 774.84 million shares outstanding. BB&T Corporation (BBT) stock has lost -2.04 percent of market value in 21 trading days.

BBT stock has a trailing 3-year beta of 1.07, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $3.66 a share in the trailing twelve months. The stock’s value has surged 5.29 percent year to date (YTD) against a decline of -13.4 percent in 12 month’s time. The company’s shares still trade -19 percent away from its 1-year high of $56.31 and 12.12 percent up from 52-week low of $40.68. The average consensus rating on the company is 2.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of BB&T Corporation (BBT) are trading at a P/E ratio of 17.81 times earnings reported for the past 12 months. The industry BBT operates in has an average P/E of 19.01. Its P/E ratio went as low as 10.79X and as high as 17.06 over the 5-year span. Further, it is sporting a 4.48 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.73. 0 percent is the gross profit margin for BB&T Corporation and operating margin sits at 76.9 percent. Along with this, the net profit margin is 37.1 percent.

Let’s take a look at some insider activity at BB&T Corporation (NYSE:BBT) and see the pattern. The earliest insider trade took place on 12/06/2018. Graney Patrick C Iii gathered a total of 4.2 thousand shares of company at average share price of $47.56. The total for the purchase was set at $199.75 thousand. After this transaction, the Director account balance stood at 4.2 thousand shares. The stock lost -4.1 percent since that insider purchase. On 11/07/2018, Qubein Nido R, Director, sold 2.83 thousand shares at a price per share of $50.19. This removed 141.79 thousand shares from the insider’s fortune and the stock saw a -9.13 percent retreat in value since the news became public. This transaction left 54.27 thousand shares in the Director account.

On 10/31/2018, Director Henry I. Patricia performed a sale transaction worth $30.24 thousand. This sale at $49.5 each has eliminated 0.61 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -7.86 percent decrease since the transaction was reported. The insider now is left with 12.67 thousand shares remaining in the account. Wilson Donta L, who performs the Sr. Exec. Vice President job, sold 3.02 thousand shares for $155.58 thousand. The disposal occurred on 08/03/2018 was priced at $51.55 per share. The share price plunged -11.52 percent since the reporting date. Wilson Donta L now left with a stake of 18.89 thousand BBT stock worth $861.76 thousand after the insider selling.