BB&T Corp (NYSE:BBT) Rating Reconfirmed

In a note sent to clients and investors on today, Barclays maintained their Equal Weight rating on BB&T Corp (NYSE:BBT)’s stock. The target price would indicate a potential upside of 15.76 % from firm’s close price.

NYSE:BBT is right now trading 0.15% higher at $47.69 as of 10:08 AM New York time. BB&T Corp’s stock is 0% over the past 200 days. It has underperformed the S&P500 Index, which has increased 6.00% over the same time.

Out of 27 brokers covering BB&T Corp, 18 rate it a Buy, 13 indicate a Hold while 2 suggest a Sell. The highest target is $45 and the lowest is $34 according to Thomson/First Call. The 12-month mean target is $38.29, which means downside potential of 19.71% over the current price.

Institutional Ownership

Montgomery Investment Management Inc had the most significant stake with ownership of 605,009 shares as of Q2 2015 for 10.71% of the US long equity exposure. Longview Partners (Guernsey) Ltd is another bullish investment professional who is possessing 16.91M shares of BB&T Corp or 4.13% of their US long equity exposure. In addition, Ntv Asset Management Llc have 3.53% of their US long equity exposure invested in the company for 259,732 shares. The Pennsylvania-based fund Wheatland Advisors Inc disclosed it had acquired a stake worth about 3.48% of the investment professional’s stock portfolio in BB&T Corp. The Ontario – Canada-based fund Burgundy Asset Management Ltd. is also positive about the stock, possessing 98,042 shares or 3.18% of their US long equity exposure.

BB&T Corp (NYSE:BBT) Profile

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.

BB&T Corp (NYSE:BBT) traded up 0.15% on 2 January, hitting $47.69. A total of 3.15 million shares of the company’s stock traded hands. This is down from average of 4.20 million shares. BB&T Corp has a 52 week low of $37.40 and a 52 week high of $49.88. The company has a market cap of $38.59 billion and a P/E ratio of 17.81.

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The post Analysts at Barclays Reiterate their Equal Weight rating for BB&T Corp (NYSE:BBT). The TP is Set to $57.0 appeared first on Octafinance.