AMG National Trust Bank Sells 2,123 Shares of BB&T Co. (NYSE:BBT)

AMG National Trust Bank lessened its position in shares of BB&T Co. (NYSE:BBT) by 30.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,848 shares of the insurance provider’s stock after selling 2,123 shares during the quarter. AMG National Trust Bank’s holdings in BB&T were worth $259,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of BB&T in the second quarter valued at $26,000. Proffitt & Goodson Inc. raised its stake in BB&T by 93.4% in the third quarter. Proffitt & Goodson Inc. now owns 586 shares of the insurance provider’s stock valued at $31,000 after buying an additional 283 shares in the last quarter. Fulcrum Capital LLC acquired a new stake in BB&T in the third quarter valued at $411,000. Prime Capital Investment Advisors LLC raised its stake in BB&T by 200.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 750 shares of the insurance provider’s stock valued at $40,000 after buying an additional 500 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in BB&T in the third quarter valued at $40,000. Hedge funds and other institutional investors own 71.88% of the company’s stock.

Shares of BB&T stock traded up $0.10 during trading on Wednesday, reaching $53.31. The company had a trading volume of 5,436,163 shares, compared to its average volume of 4,966,292. BB&T Co. has a fifty-two week low of $40.68 and a fifty-two week high of $55.66. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market cap of $41.93 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.18. The firm’s fifty day moving average is $54.12 and its 200-day moving average is $50.62.

BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.04. BB&T had a net margin of 23.17% and a return on equity of 12.25%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm posted $1.01 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. On average, research analysts anticipate that BB&T Co. will post 4.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 8th were given a $0.45 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 3.38%. BB&T’s payout ratio is 44.44%.

In other news, VP Brantley J. Standridge sold 8,580 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $54.90, for a total transaction of $471,042.00. Following the completion of the transaction, the vice president now directly owns 12,059 shares of the company’s stock, valued at approximately $662,039.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Donta L. Wilson sold 10,656 shares of BB&T stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $54.66, for a total transaction of $582,456.96. Following the sale, the vice president now owns 4,044 shares of the company’s stock, valued at approximately $221,045.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,298,269 shares of company stock valued at $725,406,049. Insiders own 0.49% of the company’s stock.

Several equities analysts have issued reports on the company. Morgan Stanley reaffirmed a “hold” rating and set a $55.00 price objective (up previously from $54.00) on shares of BB&T in a report on Monday, November 18th. UBS Group lowered their price objective on BB&T from $53.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Wells Fargo & Co set a $55.00 price objective on BB&T and gave the company a “buy” rating in a report on Friday, August 16th. ValuEngine upgraded shares of BB&T from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Bank of America lifted their price objective on BB&T from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. BB&T currently has a consensus rating of “Hold” and a consensus target price of $54.83.

About BB&T

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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Institutional Ownership by Quarter for BB&T (NYSE:BBT)

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