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Regional banker BB&T Corporation ( BBT ) on Tuesday caught a big downgrade from analysts at Deutsche Bank.

The firm cut its rating on BBT from "Buy" to "Hold" based on its $34 price target, which suggests very little upside to the stock's Monday closing price of $32.96.

A Deutsche Bank analyst commented, "BBT continues to execute well, with solid loan growth, good expense mgmt, continuing improvement in credit (and related costs), and recent deals that should provide longer-term growth. And the stock has performed well vs. peers, outperforming the group by 600bps YTD. But BBT now trades at 11x our 2013E vs. 10.4x for the group and NIM pressure seems to be building-driven by the low rate environment, some one-time swap gains that run out this year and lower accretion from covered loans."

BB&T shares fell 19 cents, or -0.5%, in premarket trading Tuesday.

The Bottom Line
Shares of BB&T ( BBT ) have a 2.43% dividend yield, based on last night's closing stock price of $32.96. The stock has technical support in the $28-$30 price area. If the shares can firm up, we see overhead resistance around the $34-$35 price levels.

BB&T Corporation ( BBT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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