Looking For Growth Signs for BB&T Corporation (BBT)

On November 29, 2019, BB&T Corporation (NYSE:BBT) shares lost -0.36% or -0.2 points to close at $54.72 with a thin trading volume of 1.567 million shares. It opened the trading session at $54.89, the shares rose to $55.08 and dropped to $54.64, the range by which the price of stock traded the whole day. The company now has a market cap of $42.1 billion and currently has 769.56 million outstanding shares. BB&T Corporation (BBT) stock has accumulated 1.94 percent of market value in 21 trading days.

BBT stock’s trailing 3-year beta is 1.18, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $3.94 share in the trailing 52 weeks. The stock’s value surged 26.32 percent year to date (YTD) compared to a rise of 7.44 percent in 52 week’s period. The firm’s shares are still trading -1.69 percent below its 1-year high of $55.66 and 34.51 percent up from 52-week low of $40.68. The average consensus ranking on the company is 2.4, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.

BB&T Corporation (BBT) is most likely going to rise 2.6 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $59-month high price target. This represents a whopping 7.82 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $56.5, which means a return possibility of 3.25 percent in comparison with the closing price of the stock of $54.72 on November 29. The lowest price set for the stock is $52 — just above -4.97 percent from BBT share price now.

Past records have indicated that shares in BB&T Corporation declined on 21 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.

Let’s take a glimpse at some insider activity at BB&T Corporation (NYSE:BBT) and observe the pattern. The earliest insider trade happened on 11/25/2019. Standridge Brantley J parted with a total of 8.58 thousand shares of the firm at average share price of $54.9. The total amount for the sale was set at $471.04 thousand. On completing this exchange, the Sr. Exec. Vice President account balance was 28.06 thousand shares. The stock lost -0.33 percent from that insider sale. On 11/22/2019, Wilson Donta L, Sr. Exec. Vice President, did a sale of 10.66 thousand shares at a price of $54.66 per share. This got rid of 582.46 thousand shares from the insider’s fortune and the stock experienced a 0.11 percent rally in price since the news became public. This exchange saw 8.35 thousand shares get out from the Sr. Exec. Vice President account.

On 11/21/2019, Director SKAINS THOMAS E recorded a sale transaction valued at $232.46 thousand. The sale at $54.25 a share has eliminated 4.29 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 0.87 percent increase since the transaction reporting date. The company insider is left with 28.97 thousand shares remaining in the account. KING KELLY S, who works as Chairman and CEO at the company, performed a sale of 201.81 thousand shares in a transaction worth $10.94 million. The disposal recorded on 11/21/2019 was priced at $54.22 per share. The stock price soared 0.92 percent since the transaction. KING KELLY S currently holds a stake of 525.22 thousand in BBT stock which is worth $28.74 million after the insider selling.

The stock is lingering around the initial support level of $54.55. After this, the following support is at the zone of $54.37. Up until the time the BBT stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 55.97 on the daily chart, and this may be a cause for concern. In case the price goes below $54.37 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $54.99 level may cause a pull-back move approaching $55.25 mark.

BB&T Corporation (BBT) shares are trading at a P/E ratio of 13.8 times earnings posted in the trailing 12 months. The industry BBT deals with has an average P/E of 11.5. Its P/B ratio is standing at 1.4X compared to the 1.3 industry average. It is additionally sporting a 3.6 on the Price-to-Sales ratio, compared to the industry’s P/S average of 2.5.