BB&T Reaches New 52-Week High (BBT)

NEW YORK ( TheStreet) -- BB&T (NYSE: BBT) hit a new 52-week high Tuesday as it is currently trading at $31.96, above its previous 52-week high of $31.94 with 798,154 shares traded as of 10:05 a.m. ET. Average volume has been six million shares over the past 30 days.

BB&T has a market cap of $21.39 billion and is part of the financial sector and banking industry. Shares are up 25.7% year to date as of the close of trading on Monday.

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 14.9, below the average banking industry P/E ratio of 16.7 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full BB&T Ratings Report.

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