Wright Investors Service Lifted Holding in Bank Amer (BAC); Bb&T (BBT) Shareholder Enterprise Financial Services Lifted Holding by $344,954 as Stock Price Declined

January 18, 2018 - By Adrian Mccoy

Enterprise Financial Services Corp increased its stake in Bb&T Corporation (BBT) by 195.13% based on its latest 2017Q3 regulatory filing with the SEC. Enterprise Financial Services Corp bought 7,499 shares as the company’s stock declined 11.91% while stock markets rallied. The institutional investor held 11,342 shares of the major banks company at the end of 2017Q3, valued at $532,000, up from 3,843 at the end of the previous reported quarter. Enterprise Financial Services Corp who had been investing in Bb&T Corporation for a number of months, seems to be bullish on the $42.95B market cap company. The stock increased 2.18% or $1.16 during the last trading session, reaching $54.44. About 5.58M shares traded or 17.71% up from the average. BB&T Corporation (NYSE:BBT) has risen 20.68% since January 18, 2017 and is uptrending. It has outperformed by 3.98% the S&P500.

Wright Investors Service Inc increased its stake in Bank Amer Corp (BAC) by 38.03% based on its latest 2017Q3 regulatory filing with the SEC. Wright Investors Service Inc bought 26,570 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 96,440 shares of the major banks company at the end of 2017Q3, valued at $2.44M, up from 69,870 at the end of the previous reported quarter. Wright Investors Service Inc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $330.60 billion market cap company. The stock increased 1.65% or $0.515 during the last trading session, reaching $31.695. About 49.17M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 18, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.23, from 1.16 in 2017Q2. It is negative, as 56 investors sold BBT shares while 291 reduced holdings. 81 funds opened positions while 241 raised stakes. 500.82 million shares or 2.15% less from 511.81 million shares in 2017Q2 were reported. Advsrs Asset Management holds 0.17% of its portfolio in BB&T Corporation (NYSE:BBT) for 211,014 shares. Raymond James & has invested 0.19% in BB&T Corporation (NYSE:BBT). Hbk Sorce Advisory has 5,144 shares. Raymond James Fin reported 280,906 shares. Catawba Cap Va invested in 1.67% or 157,579 shares. Moody Commercial Bank Division accumulated 8,966 shares. Invest Mgmt Of Virginia Llc owns 77,584 shares or 0.86% of their US portfolio. Ancora Advsrs Ltd Liability Corporation reported 0.03% stake. Exxonmobil Invest Mgmt Tx holds 0.18% of its portfolio in BB&T Corporation (NYSE:BBT) for 147,569 shares. Paragon Mgmt Ltd reported 5,762 shares or 0.1% of all its holdings. Bainco Interest Investors has 174,778 shares for 0.98% of their portfolio. Payden Rygel has 266,300 shares. Heartland Inc has invested 0.62% of its portfolio in BB&T Corporation (NYSE:BBT). The Vermont-based Of Vermont has invested 0.31% in BB&T Corporation (NYSE:BBT). Ngam Advisors Lp owns 102,801 shares or 0.05% of their US portfolio.

Since August 16, 2017, it had 0 insider buys, and 7 insider sales for $7.30 million activity. Shares for $201,929 were sold by Wilson Donta L on Friday, October 20. On Friday, October 20 the insider KING KELLY S sold $3.15 million. On Friday, October 20 the insider Henson Christopher L sold $2.01M. The insider Johnson Robert Jerome JR sold 12,357 shares worth $589,373. Weaver David Hudson sold $410,539 worth of BB&T Corporation (NYSE:BBT) on Wednesday, August 16. BANNER JENNIFER S sold $559,259 worth of stock or 11,508 shares.

Among 30 analysts covering BB&T Corp (NYSE:BBT), 10 have Buy rating, 0 Sell and 20 Hold. Therefore 33% are positive. BB&T Corp had 86 analyst reports since July 17, 2015 according to SRatingsIntel. The stock of BB&T Corporation (NYSE:BBT) earned “Buy” rating by Raymond James on Tuesday, January 9. Susquehanna maintained the stock with “Hold” rating in Thursday, January 4 report. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, October 3 report. The firm earned “Underweight” rating on Friday, October 20 by Morgan Stanley. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, April 5. Macquarie Research upgraded the shares of BBT in report on Friday, August 4 to “Hold” rating. RBC Capital Markets maintained BB&T Corporation (NYSE:BBT) rating on Thursday, June 22. RBC Capital Markets has “Buy” rating and $5000 target. Keefe Bruyette & Woods maintained it with “Hold” rating and $50.0 target in Tuesday, December 12 report. JP Morgan maintained the shares of BBT in report on Wednesday, November 1 with “Neutral” rating. Sandler O’Neill downgraded the shares of BBT in report on Wednesday, June 29 to “Hold” rating.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, July 18 report. The stock of Bank of America Corporation (NYSE:BAC) earned “Market Perform” rating by BMO Capital Markets on Monday, October 16. UBS maintained Bank of America Corporation (NYSE:BAC) rating on Monday, October 16. UBS has “Neutral” rating and $27 target. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, May 31. The stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given on Friday, October 13 by BMO Capital Markets. The rating was maintained by Oppenheimer on Saturday, September 5 with “Outperform”. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, April 12. BMO Capital Markets has “Hold” rating and $21 target. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. The firm earned “Underperform” rating on Tuesday, August 25 by Macquarie Research. The firm has “Buy” rating by Renaissance Macro Securities LLC given on Sunday, July 23.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It is negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Royal Retail Bank Of Canada has 36.48 million shares. Rfg Advisory Grp Limited Liability Company reported 0.27% in Bank of America Corporation (NYSE:BAC). First Interstate Comml Bank holds 0.17% or 31,819 shares in its portfolio. Mycio Wealth Ltd Com holds 0.07% in Bank of America Corporation (NYSE:BAC) or 25,110 shares. Salient Trust Lta owns 49,962 shares. First Dallas Secs owns 92,976 shares. 357,035 are held by Hl Svcs Lc. Busey reported 0.1% of its portfolio in Bank of America Corporation (NYSE:BAC). Shikiar Asset Management, a New York-based fund reported 297,414 shares. Sage Financial Grp owns 0.01% invested in Bank of America Corporation (NYSE:BAC) for 1,023 shares. Adage Group Inc Limited Liability Company holds 0.95% in Bank of America Corporation (NYSE:BAC) or 15.45M shares. Korea Inv has 9.08% invested in Bank of America Corporation (NYSE:BAC). 510,773 are held by Norinchukin Bank The. Newman Dignan And Sheerar holds 0.09% of its portfolio in Bank of America Corporation (NYSE:BAC) for 63,133 shares. Broadview Ltd Liability Company holds 0.13% or 34,125 shares.

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.10 million activity.

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