CLSA Maintains BB&T Corporation to Outperform with Price Target $42.00

Brokerage firm CLSA Maintains its rating on BB&T Corporation(NYSE:BBT). In a research note issued to the investors, the brokerage major Raises the price-target to $42.00 per share. The shares have been rated Outperform. The rating by CLSA was issued on Sep 23, 2016.

In a different note, On Jul 11, 2016, Baird said it Downgrades its rating on BB&T Corporation. The shares have been rated ‘Neutral’ by the firm. On Jun 29, 2016, Sandler O’Neill said it Downgrades its rating on BB&T Corporation. The shares have been rated ‘Hold’ by the firm.

BB&T Corporation (BBT) made into the market gainers list on Tuesdays trading session with the shares advancing 1.00% or 0.37 points. Due to strong positive momentum, the stock ended at $37.4, which is also near the day’s high of $37.44. The stock began the session at $36.93 and the volume stood at 42,50,939 shares. The 52-week high of the shares is $39.47 and the 52 week low is $29.95. The company has a current market capitalization of $30,462 M and it has 81,45,00,220 shares in outstanding.

BB&T Corporation(BBT) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.79B. Analysts had an estimated revenue of $0.66. Earnings per share were $0.71. Analysts had estimated an EPS of $0.66.

Several Insider Transactions has been reported to the SEC. On Sep 2, 2016, I. Patricia Henry (director) sold 1,000 shares at $38.13 per share price.Also, On Sep 1, 2016, Kelly S King (Chairman and CEO) sold 162,415 shares at $38.25 per share price.On Aug 31, 2016, W Bennett Bradley (Sr. Executive Vice President) sold 5,000 shares at $38.11 per share price, according to the Form-4 filing with the securities and exchange commission.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary Branch Bank and other nonbank subsidiaries. BB&T’s operations are divided into six reportable business segments: Community Banking Residential Mortgage Banking Dealer Financial Services Specialized Lending Insurance Services and Financial Services and Other Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets including small and mid-size businesses public agencies local governments and individuals through 1839 offices as of December 31 2014. BB&T’s subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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