BMO Capital Sticks to Their Hold Rating for BB&T Corp

By Ryan Adsit

BMO Capital analyst Lana Chan reiterated a Hold rating on BB&T Corp (NYSE: BBT) on June 28 and set a price target of $48. The company’s shares closed yesterday at $45.41.

According to, Chan is a 5-star analyst with an average return of 14.6% and a 82.7% success rate. Chan covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Huntington Bancshares Inc, and Cathay General Bancorp.

Currently, the analyst consensus on BB&T Corp is Moderate Buy and the average price target is $48.50, representing a 6.8% upside.

In a report issued on June 27, KBW also reiterated a Hold rating on the stock with a $46 price target.

BB&T Corp’s market cap is currently $36.84B and has a P/E ratio of 17.67. The company has a book value ratio of 1.3683.

Based on the recent corporate insider activity of 130 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, Clarke Starnes, the Sr. Executive Vice President of BBT sold 53,594 shares for a total of $2,324,372.

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BB&T Corp. operates as a holding company for Branch Banking & Trust Co. It conducts its business operations primarily through its commercial bank subsidiary, Branch Bank, and other non-bank subsidiaries. The company operates through the following segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings, Financial Services and Other, Treasury and Corporate. The Community Banking segment serves individual and business clients by offering a variety of loan and deposit products and other financial services. It is also responsible for serving client relationships. The Residential Mortgage Banking segment retains and services mortgage loans originated by the banking network as well as those purchased from various correspondent originators. Its Mortgage loan products include fixed and adjustable rate government and conventional loans for the purpose of constructing, purchasing or refinancing residential properties. The Dealer Financial Services segment originates loans to consumers for the purchase of automobiles, boats and recreational vehicles. The Specialized Lending segment includes commercial finance, which manages asset-based working capital financing, supply chain financing, export-import finance, accounts receivable management, credit enhancement and mortgage warehouse lending; and governmental finance, which provides tax-exempt financing to meet the capital project needs of local governments. The Insurance Holdings segment offers property and casualty, employee benefits and life insurance to businesses and individuals, as well as surety coverage and title insurance to small businesses. The Financial Services segment provides personal trust administration, estate planning, investment counseling, wealth management, asset management, employee benefits services, corporate banking and corporate trust services to individuals, corporations, institutions, foundations and government entities. It also offers clients investment alternatives, including discount brokerage services, equities, fixed-rate and variable-rate annuities, mutual funds and governmental and municipal bonds. The Other, Treasury and Corporate includes housing investments. BB&T was founded by Alpheus Branch in 1872 and is headquartered in Winston-Salem, NC.