Piper Sandler Forecasts Strong Price Appreciation for Beacon Financial (NYSE:BBT) Stock

Posted by Brian Himes on Oct 27th, 2026

Beacon Financial (NYSE:BBT – Get Free Report) had its target price raised by stock analysts at Piper Sandler from $33.00 to $35.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler‘s price objective would indicate a potential upside of 13.65% from the company’s previous close.

BBT has been the subject of a number of other research reports. Weiss Ratings upgraded shares of Beacon Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 15th. Royal Bank Of Canada lifted their target price on Beacon Financial from $31.00 to $33.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Zacks Research raised Beacon Financial from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Beacon Financial presently has an average rating of “Hold” and an average price target of $32.75.

Get Our Latest Analysis on BBT

Beacon Financial Price Performance

Shares of NYSE BBT traded down $0.07 during midday trading on Tuesday, reaching $30.80. 236,905 shares of the stock traded hands, compared to its average volume of 858,148. The stock has a market capitalization of $2.58 billion, a PE ratio of 11.44 and a beta of 0.60. Beacon Financial has a one year low of $22.81 and a one year high of $32.83. The company’s 50 day moving average is $29.72 and its 200 day moving average is $29.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.98 and a quick ratio of 1.00.

Beacon Financial (NYSE:BBT – Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Beacon Financial had a net margin of 17.33% and a return on equity of 10.09%. The company had revenue of $222.60 million during the quarter. On average, equities research analysts anticipate that Beacon Financial will post 3.04 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Thomas Hollister acquired 3,450 shares of Beacon Financial stock in a transaction that occurred on Monday, October 26th. The stock was acquired at an average price of $30.43 per share, for a total transaction of $104,983.50. Following the transaction, the director directly owned 28,876 shares of the company’s stock, valued at $878,696.68. This trade represents a 13.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Beacon Financial

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Beacon Financial during the second quarter valued at $376,552,000. Bank of America Corp DE acquired a new stake in Beacon Financial in the 2nd quarter valued at approximately $32,394,000. Walleye Capital LLC acquired a new position in shares of Beacon Financial during the second quarter worth approximately $20,265,000. Bank of New York Mellon Corp acquired a new stake in Beacon Financial in the 2nd quarter worth $16,478,000. Finally, Empowered Funds LLC bought a new stake in shares of Beacon Financial in the second quarter valued at about $11,507,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

About Beacon Financial

(Get Free Report)

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.