Breaking: Robert W. Baird Maintains $45.0 Price Target On BB&T Corp (NYSE:BBT) Shares, Maintains Their Original Hold Rating

January 22, 2018 - By Dolores Ford

 Breaking: Robert W. Baird Maintains $45.0 Price Target On BB&T Corp (NYSE:BBT) Shares, Maintains Their Original Hold Rating

Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.23, from 1.16 in 2017Q2. It is negative, as 56 investors sold BB&T Corporation shares while 291 reduced holdings. 81 funds opened positions while 241 raised stakes. 500.82 million shares or 2.15% less from 511.81 million shares in 2017Q2 were reported.

Smith Asset Mngmt Gru Ltd Partnership stated it has 0% of its portfolio in BB&T Corporation (NYSE:BBT). Boston Ptnrs stated it has 5.90 million shares. Cim Investment Mangement Incorporated has 0.19% invested in BB&T Corporation (NYSE:BBT). Highstreet Asset Management reported 3,053 shares. Inv Centers Of America Inc has 0.09% invested in BB&T Corporation (NYSE:BBT) for 24,830 shares. Advantus Cap invested 0.1% in BB&T Corporation (NYSE:BBT). Norinchukin Savings Bank The, Japan-based fund reported 38,644 shares. 66,256 are held by Trust Of Vermont. State Street Corp has invested 0.16% of its portfolio in BB&T Corporation (NYSE:BBT). Private Na holds 0.09% or 9,249 shares in its portfolio. Cordasco Fincl Network invested in 0.04% or 813 shares. Magnetar Financial Limited holds 44,928 shares or 0.05% of its portfolio. 1.43M were accumulated by California State Teachers Retirement Systems. Ubs Oconnor Ltd Liability Corporation accumulated 100,000 shares or 0.11% of the stock. Lafleur Godfrey owns 1.78% invested in BB&T Corporation (NYSE:BBT) for 144,754 shares.

Since August 16, 2017, it had 0 insider buys, and 7 selling transactions for $7.30 million activity. Bradley W Bennett sold 7,762 shares worth $373,811. 4,250 BB&T Corporation (NYSE:BBT) shares with value of $201,929 were sold by Wilson Donta L. On Friday, October 20 KING KELLY S sold $3.15M worth of BB&T Corporation (NYSE:BBT) or 66,372 shares. The insider Weaver David Hudson sold 8,752 shares worth $410,539. BANNER JENNIFER S sold 11,508 shares worth $559,259. On Friday, October 20 Henson Christopher L sold $2.01M worth of BB&T Corporation (NYSE:BBT) or 42,233 shares.

BB&T Corp (NYSE:BBT) Rating Reaffirmed

New York: In a note published on Tuesday, 31 October, Robert W. Baird restate their Hold rating on BB&T Corp (NYSE:BBT) shares. They now have a $45.0 target price on the company. Robert W. Baird’s target would indicate a potential downside of -17.60 % from the company’s current stock price.

Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.23, from 1.16 in 2017Q2. It is negative, as 56 investors sold BB&T Corporation shares while 291 reduced holdings. 81 funds opened positions while 241 raised stakes. 500.82 million shares or 2.15% less from 511.81 million shares in 2017Q2 were reported.

Smith Asset Mngmt Gru Ltd Partnership stated it has 0% of its portfolio in BB&T Corporation (NYSE:BBT). Boston Ptnrs stated it has 5.90 million shares. Cim Investment Mangement Incorporated has 0.19% invested in BB&T Corporation (NYSE:BBT). Highstreet Asset Management reported 3,053 shares. Inv Centers Of America Inc has 0.09% invested in BB&T Corporation (NYSE:BBT) for 24,830 shares. Advantus Cap invested 0.1% in BB&T Corporation (NYSE:BBT). Norinchukin Savings Bank The, Japan-based fund reported 38,644 shares. 66,256 are held by Trust Of Vermont. State Street Corp has invested 0.16% of its portfolio in BB&T Corporation (NYSE:BBT). Private Na holds 0.09% or 9,249 shares in its portfolio. Cordasco Fincl Network invested in 0.04% or 813 shares. Magnetar Financial Limited holds 44,928 shares or 0.05% of its portfolio. 1.43M were accumulated by California State Teachers Retirement Systems. Ubs Oconnor Ltd Liability Corporation accumulated 100,000 shares or 0.11% of the stock. Lafleur Godfrey owns 1.78% invested in BB&T Corporation (NYSE:BBT) for 144,754 shares.

Since August 16, 2017, it had 0 insider buys, and 7 selling transactions for $7.30 million activity. Bradley W Bennett sold 7,762 shares worth $373,811. 4,250 BB&T Corporation (NYSE:BBT) shares with value of $201,929 were sold by Wilson Donta L. On Friday, October 20 KING KELLY S sold $3.15M worth of BB&T Corporation (NYSE:BBT) or 66,372 shares. The insider Weaver David Hudson sold 8,752 shares worth $410,539. BANNER JENNIFER S sold 11,508 shares worth $559,259. On Friday, October 20 Henson Christopher L sold $2.01M worth of BB&T Corporation (NYSE:BBT) or 42,233 shares.

BB&T Corporation (NYSE:BBT) Ratings Coverage

Among 30 analysts covering BB&T Corp (NYSE:BBT), 10 have Buy rating, 0 Sell and 20 Hold. Therefore 33% are positive. BB&T Corp has $61.0 highest and $35 lowest target. $50.44’s average target is -7.64% below currents $54.61 stock price. BB&T Corp had 95 analyst reports since July 17, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Friday, October 20 by BMO Capital Markets. The stock of BB&T Corporation (NYSE:BBT) has “Market Perform” rating given on Wednesday, August 26 by BMO Capital Markets. Deutsche Bank maintained it with “Hold” rating and $39 target in Tuesday, April 5 report. SunTrust maintained the stock with “Buy” rating in Thursday, October 19 report. Robert W. Baird maintained the shares of BBT in report on Friday, September 29 with “Hold” rating. On Thursday, June 22 the stock rating was maintained by RBC Capital Markets with “Buy”. Jefferies maintained BB&T Corporation (NYSE:BBT) rating on Thursday, January 18. Jefferies has “Hold” rating and $57.0 target. As per Tuesday, December 12, the company rating was maintained by Keefe Bruyette & Woods. Suntrust Robinson upgraded the stock to “Outperform” rating in Monday, May 16 report. The rating was downgraded by Hilliard Lyons on Friday, October 16 to “Neutral”.

The stock decreased 0.35% or $0.19 during the last trading session, reaching $54.61. About 1.75 million shares traded. BB&T Corporation (NYSE:BBT) has risen 20.68% since January 22, 2017 and is uptrending. It has outperformed by 3.98% the S&P500.

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. The company has market cap of $42.71 billion. It operates in six divisions: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. It has a 19.93 P/E ratio. The companyÂ’s deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

More notable recent BB&T Corporation (NYSE:BBT) news were published by: Seekingalpha.com which released: “How Long Will ‘Good Enough’ Be Enough For BB&T?” on January 19, 2018, also Seekingalpha.com with their article: “BB&T Corporation’s (BBT) CEO Kelly King on Q4 2017 Results – Earnings Call …” published on January 18, 2018, Bizjournals.com published: “Three Triad firms land on Fortune’s ‘Most Admired Companies’ list” on January 22, 2018. More interesting news about BB&T Corporation (NYSE:BBT) were released by: Nasdaq.com and their article: “BB&T (BBT) Q4 Earnings Beat on Higher Revenues, Costs Rise” published on January 18, 2018 as well as Zacks.com‘s news article titled: “Why Earnings Season Could Be Great for BB&T Corporation (BBT) January 17, 2018” with publication date: January 17, 2018.

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