2,270,482 Shares in Beacon Financial Corporation $BBT Acquired by Verition Fund Management LLC

Posted by Stanley Muller on Jun 15th, 2026

Verition Fund Management LLC acquired a new position in Beacon Financial Corporation (NYSE:BBT – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,270,482 shares of the company’s stock, valued at approximately $59,873,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Montag A & Associates Inc. purchased a new position in Beacon Financial during the fourth quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Beacon Financial during the fourth quarter valued at approximately $30,000. TD Private Client Wealth LLC purchased a new position in Beacon Financial during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC purchased a new position in Beacon Financial during the fourth quarter valued at approximately $34,000. Finally, Trust Co. of Vermont purchased a new position in Beacon Financial during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Raymond James Financial downgraded shares of Beacon Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, May 1st. Zacks Research downgraded shares of Beacon Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Royal Bank Of Canada lowered their price target on shares of Beacon Financial from $33.00 to $31.00 and set a “sector perform” rating on the stock in a report on Friday, May 1st. Hovde Group reaffirmed 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, May 1st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Beacon Financial from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.75.

View Our Latest Report on BBT

Beacon Financial Trading Down 0.2%

Beacon Financial stock opened at $30.40 on Monday. The stock has a market cap of $2.55 billion, a P/E ratio of 25.12 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 1.01. Beacon Financial Corporation has a 1 year low of $22.81 and a 1 year high of $32.83. The firm’s 50 day moving average price is $29.86 and its 200-day moving average price is $28.87.

Beacon Financial (NYSE:BBT – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.13). The company had revenue of $214.72 million for the quarter. Beacon Financial had a net margin of 6.97% and a return on equity of 9.02%. On average, equities analysts predict that Beacon Financial Corporation will post 3.13 earnings per share for the current fiscal year.

Beacon Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.3225 per share. The ex-dividend date was Friday, May 15th. This represents a $1.29 annualized dividend and a dividend yield of 4.2%. Beacon Financial’s dividend payout ratio (DPR) is presently 106.61%.

Beacon Financial announced that its board has initiated a stock repurchase plan on Wednesday, April 29th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Beacon Financial Company Profile

(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.