BB&T; Corp
BBT:NYSE
| Last | Change / % Change | Dividend Yield | Volume |
| 31.15 | 0.24 0.78% | 2.57% | 2,348,735 |
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Latest News Headlines for BB&T; Corp
Wells Fargo leads USD235m loan to American Realty Capital Trust
3 July 2012 - Wells Fargo Securities LLC has acted as sole lead arranger of a USD235m (EUR186.6m) senior secured term loan to American Realty Capital Trust Inc (NASDAQ:ARCT), the US real estate firm said on Monday.
Union Bank and TD Bank were documentation agents of the financing.
US Bank, BB&T; (NYSE:BBT), Midfirst Bank and Raymond James (NYSE:RJF) also took part in the transaction.
The facility has a five-year maturity and substitutes American Realty Capital Trust's USD200m interim term loan, which was also led by Wells Fargo Securities.
The company will draw on the new term loan to pay off amounts due under its USD330m revolver and cover general working capital needs, it said. Borrowings will carry an interest rate of LIBOR plus 235 basis points.
The move finalises American Realty Capital Trust's mortgage debt recapitalisation plan, the company's CFO, Brian Jones, said. The firm has managed to trim borrowing costs, improve the average duration of its long-term obligations and expand its unencumbered asset pool, the CFO added.
The deal has allowed American Realty Capital Trust to beef up its liquidity, the company's CEO, William Kahane, noted.
American Realty Capital Trust is headquartered in New York City.
Next Resistance Level for BB&T; (BBT) is $31.04
BB&T; (NYSE:BBT) has opened bullishly above the pivot of $30.75 today and has reached the first level of resistance at $30.95. Analysts will be watching for a cross of the next upside pivot targets of $31.04 and $31.33.
BB&T; (BBT) Showing Neutral Technicals With 2.17% Dividend Yield
View more recent headlinesBB&T; Corp (NYSE: BBT) closed Thursday's trading session at $30.20. In the past year, the stock has hit a 52-week low of $18.92 and 52-week high of $32.74. BB&T; (BBT) stock has been showing support around $29.29 and resistance in the $30.67 range. Technical indicators for the stock are Neutral and S&P; gives BB&T; (BBT) a neutral 3 STARS (out of 5) hold rating. For a hedged play on BB&T; (BBT), look at the Aug '12 $30.00 covered call for a net debit in the $29.07 area. That is also the break-even stock price for this trade. This covered call has a duration of 50 days, provides 3.74% downside protection and an assigned return rate of 3.20% for an annualized return rate of 23.35% (for comparison purposes only). A lower-cost hedged play for BB&T; (BBT) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the BB&T; (BBT) Jan '14 $18.00 call and selling the Aug '12 $30.00 call for a total debit of $11.12. The trade has a lifespan of 50 days and would provide 3.58% downside protection and an assigned return rate of 7.91% for an annualized return rate of 58% (for comparison purposes only). BB&T; (BBT) has a current annual dividend yield of 2.17%.
Company Background
BB&T; Corporation (BB&T;) is a financial holding company. BB&T; conducts its business operations through its commercial bank subsidiary, Branch Banking and Trust Company (Branch Bank), which has offices in North Carolina, Virginia, Florida, Georgia, Maryland, South Carolina, Alabama, West Virginia, Kentucky, Tennessee, Texas, Washington D.C and Indiana. BB&T;'s operations consist of a federally chartered thrift institution, BB&T; Financial, FSB (BB&T; FSB), and a number of nonbank subsidiaries, which offer financial services products. BB&T;'s operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. During the year ended December 31, 2011, BB&T; acquired Liberty Benefit Insurance Services, Atlantic Risk Management Corporation and the Precept Group. In April 2012, it acquired the life and property and casualty insurance operating divisions of Crump Group Inc.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 30.82 | Previous Close 30.91 |
Day High 31.26 | Day Low 30.79 |
52wk High/Date 32.74 / 4/30/2012 | 52wk Low/Date 18.92 / 8/23/2011 |
Beta (5 Yr) 1.0 | Market Capitalization 21.8B |
Shares Outstanding 698.6M | Volatility Avg 36.89 |
Avg Vol(10 day) 4.5M | P/E Ratio 14.7x |
EPS(TTM) 2.12 | Yield 2.57% |
Dividend Announcement 6/26/2012 | Ex-Date 7/3/2012 |
Payable 0.20 - QRTR | Payable Date 8/1/2012 |
Date of Record 7/6/2012 | |
Last Trade as of 7/3/2012 1:02 PM ET | |
BBT BB&T; Corp vs. Peers
| Peers | |
|---|---|
BBT BB&T; Corp | 23.76% |
Fifth Third Bancorp | 6.13% |
Huntington Bancshares Incorporated | 18.58% |
KeyCorp | 1.43% |
M&T; Bank Corporation | 10.56% |
BBT BB&T; Corp | 2.57% |
Fifth Third Bancorp | 2.37% |
Huntington Bancshares Incorporated | 2.46% |
KeyCorp | 2.56% |
M&T; Bank Corporation | 3.32% |
BBT BB&T; Corp | 0.78% |
Fifth Third Bancorp | 0.04% |
Huntington Bancshares Incorporated | 0.54% |
KeyCorp | 1.04% |
M&T; Bank Corporation | 1.15% |