CM Management LLC Takes Position in Beacon Financial Corporation $BBT

Key Points

• CM Management LLC bought a new stake of 48,300 shares in Beacon Financial worth about $1.27 million, and several other institutions opened small positions, leaving institutional ownership at roughly 83.07%.
• Beacon's board authorized a $50 million share repurchase (about 1.9% of shares outstanding) and declared a quarterly dividend of $0.3225 (annualized yield ~4.5%), signaling management is returning capital and views the stock as undervalued.
• Q1 results missed expectations—operating EPS $0.70 vs. $0.83 consensus—with merger integration and core system conversion costs cited, prompting some analysts to cut price targets and leaving a consensus rating of Hold (avg. target ~$31.75).

CM Management LLC bought a new stake in shares of Beacon Financial Corporation (NYSE:BBT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 48,300 shares of the company's stock, valued at approximately $1,274,000. CM Management LLC owned about 0.06% of Beacon Financial at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BBT. Torren Management LLC bought a new position in shares of Beacon Financial during the 4th quarter worth $35,000. Trust Co. of Vermont bought a new position in shares of Beacon Financial during the 4th quarter worth $35,000. NBT Bank N A NY bought a new position in shares of Beacon Financial during the 4th quarter worth $36,000. Brown Lisle Cummings Inc. bought a new position in shares of Beacon Financial during the 4th quarter worth $50,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Beacon Financial during the 4th quarter worth $59,000. 83.07% of the stock is owned by hedge funds and other institutional investors.

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

Insider Buying and Selling

In other Beacon Financial news, insider Michael W. Mccurdy sold 17,333 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 25,555 shares in the company, valued at $793,227.20. This trade represents a 40.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BBT. Raymond James Financial downgraded Beacon Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday. Zacks Research upgraded Beacon Financial from a "strong sell" rating to a "hold" rating in a research note on Monday, February 2nd. Piper Sandler began coverage on Beacon Financial in a research note on Monday, March 16th. They set an "overweight" rating and a $33.00 price target for the company. Royal Bank Of Canada cut their price target on Beacon Financial from $33.00 to $31.00 and set a "sector perform" rating for the company in a research note on Friday. Finally, Keefe, Bruyette & Woods cut their price target on Beacon Financial from $36.00 to $33.00 and set an "outperform" rating for the company in a research note on Friday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $31.75.

Beacon Financial Stock Up 0.5%

Shares of NYSE BBT opened at $28.67 on Friday. Beacon Financial Corporation has a 52 week low of $22.81 and a 52 week high of $32.83. The business has a 50-day simple moving average of $30.33 and a two-hundred day simple moving average of $28.00. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The company 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 - Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.70 EPS 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 anticipate that Beacon Financial Corporation will post 3.51 earnings per share for the current fiscal year.

Beacon Financial announced that its board has authorized a stock repurchase plan on Wednesday, April 29th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Beacon Financial Announces Dividend

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

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.

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