Highlander Capital Management LLC Purchases 1,118 Shares of BB&T Co. (BBT)

Highlander Capital Management LLC raised its stake in BB&T Co. (NYSE:BBT) by 16.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,060 shares of the insurance provider’s stock after purchasing an additional 1,118 shares during the period. Highlander Capital Management LLC’s holdings in BB&T were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Daiwa Securities Group Inc. grew its stake in BB&T by 4.1% in the first quarter. Daiwa Securities Group Inc. now owns 25,615 shares of the insurance provider’s stock valued at $1,333,000 after purchasing an additional 1,009 shares during the last quarter. Bank of Hawaii grew its stake in BB&T by 7.5% in the fourth quarter. Bank of Hawaii now owns 15,044 shares of the insurance provider’s stock valued at $748,000 after purchasing an additional 1,044 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in BB&T by 8.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 14,910 shares of the insurance provider’s stock valued at $741,000 after purchasing an additional 1,116 shares during the last quarter. Flippin Bruce & Porter Inc. grew its stake in BB&T by 0.6% in the first quarter. Flippin Bruce & Porter Inc. now owns 182,101 shares of the insurance provider’s stock valued at $9,477,000 after purchasing an additional 1,137 shares during the last quarter. Finally, Empire Life Investments Inc. grew its stake in BB&T by 0.8% in the fourth quarter. Empire Life Investments Inc. now owns 150,210 shares of the insurance provider’s stock valued at $7,468,000 after purchasing an additional 1,155 shares during the last quarter. Institutional investors own 63.24% of the company’s stock.

In other BB&T news, insider W Bennett Bradley sold 5,565 shares of the business’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $55.14, for a total value of $306,854.10. Following the completion of the transaction, the insider now directly owns 26,407 shares of the company’s stock, valued at $1,456,081.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Rufus Yates sold 16,279 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $54.20, for a total value of $882,321.80. Following the completion of the transaction, the insider now directly owns 42,101 shares of the company’s stock, valued at $2,281,874.20. The disclosure for this sale can be found here. Insiders have sold 293,659 shares of company stock valued at $15,774,234 in the last ninety days. Corporate insiders own 0.51% of the company’s stock.

BBT has been the topic of several analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of BB&T in a research note on Monday, April 23rd. BMO Capital Markets dropped their price target on BB&T from $64.00 to $63.00 and set an “outperform” rating on the stock in a research note on Friday, April 20th. Edward Jones upgraded BB&T from a “hold” rating to a “buy” rating in a research note on Wednesday, April 11th. Wells Fargo & Co upgraded BB&T from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research note on Tuesday, March 27th. Finally, B. Riley upgraded BB&T from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $59.00 in a research note on Tuesday, March 27th. Thirteen analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. BB&T presently has a consensus rating of “Buy” and an average price target of $54.48.

Shares of BB&T traded down $0.42, reaching $53.37, on Thursday, MarketBeat Ratings reports. 81,041 shares of the stock were exchanged, compared to its average volume of 3,967,568. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.88. BB&T Co. has a twelve month low of $43.00 and a twelve month high of $56.31. The company has a market capitalization of $42.26 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.19 and a beta of 1.03.

BB&T (NYSE:BBT) last released its earnings results on Thursday, April 19th. The insurance provider reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. BB&T had a return on equity of 10.38% and a net margin of 21.63%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. research analysts anticipate that BB&T Co. will post 4.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 11th were issued a dividend of $0.375 per share. This is an increase from BB&T’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, May 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.81%. BB&T’s payout ratio is 47.77%.

BB&T Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its 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.

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

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