BB&T Corporation Message Board
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BB&T will go up
According to Yahoo's finance site the 2003 earnings per share were $2.78 and the 2004 average estimate per share is $2.87.
If the above is true then there would not be
any reason for a share of stock to increase very much considering all other things as being equal.
This would indicate if the P/E stays at 13.87 with the 2003 year closing price of $38.56 a share, that the year end price for 2004 would be $39.81 a share.
Unless some other factors come into play that would move the stock, the above seems to be the mostly likely outcome for 2004.
Just my opinion. What am I missing?
Your for better investing,
Jim-
Banking stock averages like XLF are typically up 30% over the past year - BBT is not. Bank averages were up like 1% yesterday - BBT was up 0.25%. Hey, it is a laggard at this tme.
- 2 Replies to snoit123
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It is a laggard because it never fell like the peer stocks. We forget consistent performance and look at swings which is not what we should do.
BBT never fell like the others. If it doesn't fall like the others it doesn't rise like the others. -
Will it ever get to 40 bucks. Never has done much since they moved from Rocky Mount to
Winston Salem. I made money when UCB sold to them but not since. Good bank BUT
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Book Value, Jim.
- 1 Reply to elleninDC
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Ellen,
I tried to do some research on the book value, but it seems that every site was showing different figures on the book value. What was offered was from a low of $11 plus change to a high of $18 plus change. Don't know which site was correct,what or whom was doing the figures and what their citeria was in coming to their conclusion.
Once owned some shares of a bank in Texas that had a great book value were paying a fantastic dividend and the next thing I knew they were bankrupt. My past experience has been that the company controls most of the variables in determining book value.
I could point you to a company that is selling below book value and is paying over a 6% dividend, but I would not invest in them at their current price.
Hope this answers your question.
Jim
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You are right, but remember, the banking industry has had a tough couple years. As the economy continues to strenghten,especially NC, and all banks improve their margins, I believe the stock will resume it 17 P/E.
BB&T did not do as well as they expected, but they continued to outperform their competitors. Not in stock performance, but in actual results.
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