BB&T Corp Gets a Hold Rating from Piper Jaffray

By Jason Carr

Piper Jaffray analyst Kevin Barker reiterated a Hold rating on BB&T Corp (NYSE: BBT) yesterday and set a price target of $52. The company’s shares closed yesterday at $50.52.

According to TipRanks.com, Barker is a 5-star analyst with an average return of 9.5% and a 69.5% success rate. Barker covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Santander Consumer USA, and Capital One Financial.

Currently, the analyst consensus on BB&T Corp is a Moderate Buy with an average price target of $56, a 10.8% upside from current levels. In a report released yesterday, KBW also reiterated a Hold rating on the stock with a $55 price target.

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The company has a one-year high of $56.31 and a one-year low of $42.99. Currently, BB&T Corp has an average volume of 3.87M.

Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock.

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BB&T Corp. engages in the provision of banking and trust services through its subsidiaries. It operates through the following segment: Community Banking-Retail; Community Banking-Commercial; Insurance Holdings and Premium Finance; and Financial Services and Commercial Finance; Other, Treasury and Corporate.