Zurcher Kantonalbank Zurich Cantonalbank Buys Shares of 19,591 Beacon Financial Corporation $BBT

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Beacon Financial Corporation (NYSE:BBT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,591 shares of the company’s stock, valued at approximately $517,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Trust Co. of Vermont purchased a new position in Beacon Financial during the 4th quarter valued at about $35,000. NBT Bank N A NY purchased a new position in Beacon Financial during the 4th quarter valued at about $36,000. Brown Lisle Cummings Inc. purchased a new position in Beacon Financial during the 4th quarter valued at about $50,000. Nisa Investment Advisors LLC acquired a new stake in shares of Beacon Financial during the 4th quarter valued at about $59,000. Finally, Blue Trust Inc. acquired a new stake in shares of Beacon Financial during the 4th quarter valued at about $76,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Beacon Financial Stock Down 0.1%

BBT opened at $28.67 on Monday. The business has a 50 day moving average price of $30.33 and a 200 day moving average price of $28.03. Beacon Financial Corporation has a twelve month low of $22.81 and a twelve 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 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 posted its earnings results on Wednesday, April 29th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.13). Beacon Financial had a return on equity of 9.02% and a net margin of 6.97%.The company had revenue of $214.72 million during the quarter. Research analysts forecast that Beacon Financial Corporation will post 3.51 EPS for the current year.

Beacon Financial Announces Dividend

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

Beacon Financial declared that its Board of Directors has approved a stock buyback program on Wednesday, April 29th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Key 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

Analyst Upgrades and Downgrades

BBT has been the subject of several research reports. Hovde Group reiterated a “market perform” rating and set a $30.00 price target (down from $33.00) on shares of Beacon Financial in a report on Friday. Piper Sandler initiated coverage on Beacon Financial in a report on Monday, March 16th. They set an “overweight” rating and a $33.00 price target for the company. Zacks Research upgraded Beacon Financial from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings upgraded Beacon Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 18th. Finally, Raymond James Financial lowered Beacon Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday. Three investment 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 a consensus rating of “Hold” and a consensus target price of $31.75.

Insiders Place Their Bets

In related news, insider Michael W. Mccurdy sold 17,333 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $31.04, for a total value of $538,016.32. Following the completion of the sale, the insider directly owned 25,555 shares in the company, valued at approximately $793,227.20. The trade was a 40.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.09% of the company’s stock.

Beacon Financial Profile

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.