BB&T Stock Hits New 52-Week High (BBT)

NEW YORK ( TheStreet) -- BB&T (NYSE: BBT) hit a new 52-week high Wednesday as it is currently trading at $31.76, above its previous 52-week high of $31.71 with 3.8 million shares traded as of 1:05 p.m. ET. Average volume has been 5.3 million shares over the past 30 days.

BB&T has a market cap of $19.35 billion and is part of the financial sector and banking industry. Shares are up 23.5% year to date as of the close of trading on Tuesday.

BB&T Corporation operates as a financial holding company for Branch Banking and Trust Company that provides various banking and trust services for retail and commercial clients. The company has a P/E ratio of 17.2, above the average banking industry P/E ratio of 15.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BB&T as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full BB&T Ratings Report.

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