Will BB&T Corporation (NYSE:BBT) Run Out of Steam Soon? Short Interest is Up

December 8, 2017 - By Darrin Black

 Will BB&T Corporation (NYSE:BBT) Run Out of Steam Soon? Short Interest is Up

Investors sentiment increased to 1.16 in 2017 Q2. Its up 0.05, from 1.11 in 2017Q1. It is positive, as 62 investors sold BB&T Corporation shares while 256 reduced holdings. 73 funds opened positions while 295 raised stakes. 511.81 million shares or 0.29% less from 513.31 million shares in 2017Q1 were reported.
Tnb reported 33,446 shares. Pinnacle Associates Limited holds 0.1% in BB&T Corporation (NYSE:BBT) or 115,945 shares. 38,679 were accumulated by Triangle Secs Wealth. 16.16 million were accumulated by First Eagle Mgmt Llc. Davidson & Garrard holds 0.77% or 70,764 shares in its portfolio. Ls Invest Lc holds 0.09% of its portfolio in BB&T Corporation (NYSE:BBT) for 30,892 shares. Professional Advisory Serv Incorporated invested in 205,356 shares. Alphamark Advsr Ltd Co holds 0.11% or 5,844 shares in its portfolio. Vantage Investment Advsrs holds 0.26% or 20,114 shares. Smith Salley & Assoc invested 0.42% of its portfolio in BB&T Corporation (NYSE:BBT). Commonwealth Equity has 0.1% invested in BB&T Corporation (NYSE:BBT) for 356,881 shares. Kentucky Retirement System Insur Trust Fund invested in 0.18% or 22,221 shares. Arbor Inv Limited Liability Co invested in 1.86% or 82,870 shares. Davenport Commerce reported 171,547 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 139,032 shares.

The stock of BB&T Corporation (NYSE:BBT) registered an increase of 2.25% in short interest. BBT’s total short interest was 18.90M shares in December as published by FINRA. Its up 2.25% from 18.49M shares, reported previously. With 4.40 million shares average volume, it will take short sellers 4 days to cover their BBT’s short positions. The short interest to BB&T Corporation’s float is 2.35%.

The stock increased 0.41% or $0.2 during the last trading session, reaching $49.58. About 4.26M shares traded. BB&T Corporation (NYSE:BBT) has risen 20.68% since December 8, 2016 and is uptrending. It has outperformed by 3.98% the S&P500.

BB&T Corporation operates as a financial holding firm that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company has market cap of $39.12 billion. It operates in six divisions: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. It has a 18.43 P/E ratio. The companyÂ’s deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

BB&T Corporation (NYSE:BBT) Ratings Coverage

Among 29 analysts covering BB&T Corp (NYSE:BBT), 9 have Buy rating, 1 Sell and 19 Hold. Therefore 31% are positive. BB&T Corp has $54.0 highest and $35 lowest target. $46.12’s average target is -6.98% below currents $49.58 stock price. BB&T Corp had 76 analyst reports since July 17, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Hold”. As per Tuesday, May 10, the company rating was upgraded by FIG Partners. Oppenheimer maintained the shares of BBT in report on Thursday, July 20 with “Hold” rating. The firm has “Hold” rating by Robert W. Baird given on Friday, August 25. Morgan Stanley maintained it with “Underweight” rating and $50 target in Friday, October 20 report. The firm earned “Hold” rating on Wednesday, August 12 by Deutsche Bank. The firm earned “Buy” rating on Monday, January 25 by Hilliard Lyons. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, October 20 report. On Wednesday, January 11 the stock rating was initiated by UBS with “Neutral”. The stock has “Underweight” rating by Morgan Stanley on Monday, November 14.

More recent BB&T Corporation (NYSE:BBT) news were published by: Seekingalpha.com which released: “Senate reaches deal to ease bank oversight” on November 14, 2017. Also Nasdaq.com published the news titled: “BB&T Corporation (BBT) Ex-Dividend Date Scheduled for November 09, 2017” on November 08, 2017. Prnewswire.com‘s news article titled: “BB&T Corporation COO to speak at Bank of America Merrill Lynch 2017 Future of …” with publication date: November 08, 2017 was also an interesting one.

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