Beacon Financial (NYSE:BBT) Price Target Lowered to $31.00 at Royal Bank Of Canada

Beacon Financial (NYSE:BBT) had its price target cut by Royal Bank Of Canada from $33.00 to $31.00 in a report issued on Friday,Benzinga reports. They currently have a sector perform rating on the stock.

BBT has been the topic of several other research reports. Raymond James Financial cut shares of Beacon Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday. Weiss Ratings upgraded shares of Beacon Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 18th. Hovde Group restated a “market perform” rating and issued a $30.00 price objective (down from $33.00) on shares of Beacon Financial in a report on Friday. Zacks Research upgraded shares of Beacon Financial from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Beacon Financial from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.75.

Beacon Financial Trading Up 0.5%

Shares of NYSE BBT traded up $0.14 during midday trading on Friday, hitting $28.67. 1,538,827 shares of the company traded hands, compared to its average volume of 681,170. Beacon Financial has a 12-month low of $22.81 and a 12-month high of $32.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a 50-day moving average price of $30.33 and a 200 day moving average price of $27.99. The firm has a market cap of $2.41 billion, a P/E ratio of 23.70 and a beta of 0.55.

Beacon Financial (NYSE:BBT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.13). Beacon Financial had a net margin of 6.97% and a return on equity of 9.02%. The company had revenue of $214.72 million for the quarter. As a group, analysts expect that Beacon Financial will post 3.64 earnings per share for the current year.

Beacon Financial announced that its Board of Directors has approved a share buyback plan on Wednesday, April 29th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Beacon Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, May 15th. Beacon Financial’s dividend payout ratio is currently 106.61%.

Insider Buying and Selling

In other Beacon Financial news, insider Michael W. Mccurdy sold 17,333 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $31.04, for a total transaction of $538,016.32. Following the completion of the sale, the insider directly owned 25,555 shares of the company’s stock, valued at approximately $793,227.20. This represents a 40.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.

Institutional Trading of Beacon Financial

A number of hedge funds and other institutional investors have recently modified their holdings of BBT. Montag A & Associates Inc. purchased a new stake in shares of Beacon Financial in the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Beacon Financial in the fourth quarter worth $30,000. TD Private Client Wealth LLC purchased a new stake in shares of Beacon Financial in the fourth quarter worth $32,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Beacon Financial in the fourth quarter worth $32,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Beacon Financial in the fourth quarter worth $34,000. 83.07% of the stock is owned by hedge funds and other institutional investors.

More Beacon Financial News

Here are the key news stories impacting Beacon Financial this week:

• Positive Sentiment: Board authorized a $50 million share repurchase program (about 1.9% of shares outstanding), signaling management thinks the stock is undervalued and returning capital to shareholders. This is a direct support to the share price and EPS over time. Beacon Financial Corporation Announces First Quarter Results
• Positive Sentiment: Quarterly dividend declared: $0.3225 per share (annualized yield ~4.5%), with record date May 15 and payment May 29 — supports income-focused investors and makes the stock more attractive to dividend buyers. Beacon Financial Corporation Announces First Quarter Results
• Positive Sentiment: Company emphasized capital return plans and operating earnings in its Q1 release, highlighting operating EPS of $0.70 and management’s intent to return capital — supportive for medium-term shareholder value. Beacon Financial Highlights Q1 2026 Results, Capital Return Plans
• Neutral Sentiment: Q1 earnings and investor call transcripts published — useful for digging into loan trends, margin drivers, and costs tied to recent merger activity and core system conversion. These provide context but won’t move price by themselves. Beacon Financial BBT Q1 2026 Earnings Transcript
• Neutral Sentiment: Full earnings call transcript available for deeper color on expense timing and merger-related items; useful for investors deciding if the miss is transitory. Beacon Financial Corporation (BBT) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst coverage remains mixed: Hovde reaffirmed market perform but trimmed its target to $30 (slightly below some peers); a sign analysts see limited near-term upside. Hovde Group Note
• Negative Sentiment: Q1 results missed estimates: reported EPS of $0.70 (operating EPS 0.70, GAAP $0.55) vs. consensus $0.83, and revenue/metrics lagged — a primary reason for downward pressure on the stock. Management cited near-term pressures and costs tied to merger integration and a core system conversion. Beacon Financial (BBT) Lags Q1 Earnings and Revenue Estimates
• Negative Sentiment: Multiple firms trimmed price targets: RBC cut its target to $31 and set sector perform (reduced upside), and Keefe Bruyette & Woods lowered its target to $33 though kept an outperform rating — analyst downgrades and lower targets weigh on near-term sentiment. Analyst Price Target Notes

About Beacon Financial

Truist Financial Corp. operates as a financial holding company, which engages in the provision of banking services to individuals, businesses and municipalities. The firm offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It also markets a range of other services, including deposits, life insurance, property and casualty insurance, health Truist Financial Corp.