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

Key Points

• Royal Bank of Canada cut Beacon Financial's price target from $33 to $31 and maintained a "sector perform" rating, implying roughly an 8.8% upside from the prior close.
• Beacon's Q1 results missed analyst expectations—operating EPS $0.70 (GAAP $0.55) vs. consensus ≈ $0.83 and revenue lagged—making the earnings miss the primary near‑term negative catalyst.
• The board authorized a $50 million share buyback (about 1.9% of shares) and declared a quarterly dividend (annualized yield ~4.5%), steps that may help support the stock.

Beacon Financial (NYSE:BBT - Get Free Report) had its price target lowered by equities researchers at Royal Bank Of Canada from $33.00 to $31.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 8.75% from the company's previous close.

Several other equities research analysts also recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Beacon Financial from $36.00 to $33.00 and set an "outperform" rating for the company in a report on Friday. Weiss Ratings upgraded shares of Beacon Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, March 18th. Zacks Research raised shares of Beacon Financial from a "strong sell" rating to a "hold" rating in a report on Monday, February 2nd. Piper Sandler initiated coverage on shares of Beacon Financial in a report on Monday, March 16th. They issued an "overweight" rating and a $33.00 target price on the stock. Finally, Raymond James Financial cut shares of Beacon Financial from a "strong-buy" rating to a "market perform" rating 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.75.

Beacon Financial Trading Down 0.1%

BBT traded down $0.03 during trading on Friday, reaching $28.51. 458,322 shares of the company's stock were exchanged, compared to its average volume of 802,181. The company's fifty day moving average price is $30.33 and its 200-day moving average price is $27.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.00 and a current ratio of 1.00. Beacon Financial has a fifty-two week low of $22.81 and a fifty-two week high of $32.83. The firm has a market capitalization of $2.40 billion, a PE ratio of 23.57 and a beta of 0.62.

Beacon Financial (NYSE:BBT - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.13). The business had revenue of $214.72 million for the quarter. Beacon Financial had a return on equity of 9.53% and a net margin of 6.97%. As a group, equities analysts forecast that Beacon Financial will post 3.64 EPS for the current year.

Beacon Financial announced that its board has initiated a stock buyback program on Wednesday, April 29th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, insider Michael W. Mccurdy sold 17,333 shares of the 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 sale, the insider owned 25,555 shares in the company, valued at approximately $793,227.20. This trade represents a 40.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.09% of the company's stock.

Institutional Trading of Beacon Financial

Hedge funds have recently added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC acquired a new stake in Beacon Financial in the fourth quarter valued at $204,000. Parsons Capital Management Inc. RI acquired a new stake in Beacon Financial in the fourth quarter valued at $736,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Beacon Financial in the fourth quarter valued at $339,000. Financial Planning Hawaii Inc. bought a new position in Beacon Financial during the fourth quarter worth $274,000. Finally, Nisa Investment Advisors LLC bought a new position in Beacon Financial during the fourth quarter worth $59,000. Institutional investors and hedge funds own 83.07% of the company's stock.

Trending Headlines about Beacon Financial

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

• Positive Sentiment: Board authorized a $50 million share repurchase program (up to ~1.9% of shares), signaling management thinks shares may be undervalued; this is likely to support the stock over time. RTT News - Buyback
• Positive Sentiment: Quarterly dividend declared: $0.3225 per share (annualized yield ~4.5%) with record date May 15 and payment May 29 — provides income support and may attract yield-focused investors.
• Neutral Sentiment: Full Q1 2026 results and company release show net income of $46.2M, GAAP EPS $0.55, operating EPS $0.70 and management commentary about near-term pressures and recent core system conversion completion. Useful context but contains mixed signals. Q1 Results
• Neutral Sentiment: Published Q1 2026 earnings call and transcript coverage available for detailed read on guidance, margin drivers and merger-related conversion impacts. Useful for investors digging into operational color. Yahoo Finance - Earnings Transcript Seeking Alpha - Call Transcript
• Neutral Sentiment: Coverage pieces highlighting dividend appeal and stock outlook may help longer-term interest but are not immediate catalysts. Zacks - Dividend Article Kalkine Media - Forecast
• Negative Sentiment: Q1 results missed consensus: reported EPS $0.70 operating (GAAP $0.55) vs. consensus ~$0.83, and revenue lagged estimates — the earnings miss is the primary near-term negative catalyst. Zacks - Earnings Miss
• Negative Sentiment: Analyst price target reductions: Keefe, Bruyette & Woods cut its target from $36 to $33 (still an outperform) and Hovde Group lowered its target from $33 to $30 while reaffirming market perform — analyst downgrades of targets help explain selling pressure. Benzinga - KBW PT Cut

Beacon Financial Company 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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