Beacon Financial Corporation (NYSE:BBT – Get Free Report) has been given a consensus rating of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $32.00.
Several research analysts have recently issued reports on the company. Hovde Group restated a “market perform” rating and issued a $30.00 price target (down from $33.00) on shares of Beacon Financial in a research report on Friday, May 1st. Royal Bank Of Canada dropped their price objective on Beacon Financial from $33.00 to $31.00 and set a “sector perform” rating for the company in a report on Friday, May 1st. Keefe, Bruyette & Woods cut their target price on Beacon Financial from $36.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Piper Sandler raised their target price on Beacon Financial from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Beacon Financial in a research report on Tuesday, July 14th.
Institutional Investors Weigh In On Beacon Financial
Beacon Financial Trading Up 0.3%
Shares of NYSE BBT opened at $30.09 on Friday. 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 $2.52 billion, a P/E ratio of 24.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50 day simple moving average is $29.74 and its 200 day simple moving average is $29.65.
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 9.02% and a net margin of 6.97%. On average, analysts predict that Beacon Financial will post 3.13 EPS for the current year.
Beacon Financial declared that its board has authorized a stock repurchase 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 shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Beacon Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.3225 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.29 annualized dividend and a yield of 4.3%. Beacon Financial’s dividend payout ratio (DPR) is presently 106.61%.
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.
See Also
- Five stocks we like better than Beacon Financial
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for Beacon Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beacon Financial and related companies with MarketBeat.com's FREE daily email newsletter.
