Company Update: BB&T Corporation (NYSE:BBT) – New BB&T executive roles drive digital business transformation

[PR Newswire] – WINSTON-SALEM, N.C., March 15, 2016 /PRNewswire/ — BB&T Corporation (BBT) today announced two executive manager role changes as part of BB&T’s emerging digital business focus. Barbara Duck will assume the role of chief information officer (CIO) effective July 1, 2016. Donna Goodrich’s role now includes direct responsibility for BB&T’s payments businesses. Read more on this. BB&T Corporation (BBT) , with a current value of $26.59B, started the session at $34.01. Looking at today’s trading action, the company’s one day range from $33.98 to $34.26 and has traded between $29.95 and $41.90 over the past 12 months. BBT shares are currently priced at 11.73x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.88x earnings multiple for the same period. The company pays shareholders $1.08 per share annually in dividends, yielding 3.13%. In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $0.67 per share, which would be $0.00 worse 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 $2.93 is a $0.34 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.59 Billion. If reported, that would be a 10.68% increase over the year-ago quarter. Recently, Piper Jaffray Initiated BBT at Neutral (Nov 24, 2015). Previously, Hilliard Lyons downgraded BBT from Long-term Buy to Neutral. The average price target for BBT shares by the analysts covering the stock is $38.79, which is 14.05% above where the stock opened this morning. See more in (NYSE:BBT) Similar Articles: Market Update: BB&T Corporation (NYSE:BBT) – BB&T Corporation COO to speak at RBC Capital Markets Financial Institutions Conference 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 Company Update (NYSE:BBT): BB&T names two new executive management team members