Stock Update (NYSE:BBT): BB&T announces 3.7-percent increase in common dividend

[PR Newswire] – WINSTON-SALEM, N.C., April 26, 2016 /PRNewswire/ — The board of directors of BB&T Corporation (NYSE: BBT) today declared a quarterly common stock dividend increase of $.01 to $.28 per share payable June … Read more on this. BB&T Corporation (BBT) , with a current market cap of $29.85B, opened this morning at $35.59. Today’s price range has been between $35.47 and $36.22 per share with a trailing 52-week range being $29.95 to $41.90. Priced at 12.53x this year’s forecasted earnings, BBT shares are relatively inexpensive compared to the industry’s 15.83x forward p/e ratio. And for income investors, the company pays shareholders $1.08 per share annually in dividends, yielding 3.01%. In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $0.68 per share, which would be $0.06 better than the year-ago quarter and a $0.06 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.83 is a $0.24 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.72 Billion. If reported, that would be a 14.77% increase over the year-ago quarter. In terms of ratings, Raymond James downgraded BBT from Strong Buy to Outperform (Apr 7, 2016). Previously, Piper Jaffray downgraded BBT from Neutral to Underweight. With the above information in mind, readers should note that the average price target is $38.42, which is 7.95% above where the stock opened this morning. See more in (NYSE:BBT) Similar Articles: Stock Update (NYSE:PNC): PNC Declares Dividend of 51 Cents on Common Stock Stock Update (NYSE:KMB): Kimberly-Clark Announces 4.5 Percent Dividend Increase Stock Update: BB&T Corporation (NYSE:BBT) – BB&T Corporation President of Community Banking to speak at Bank of America Merrill Lynch 2015 Banking and Financial Services Conference