Azora Capital LP Buys Shares of 3,133,051 Beacon Financial Corporation $BBT

Posted by Brenda Bartman on Jun 18th, 2026

Azora Capital LP bought a new stake in shares of Beacon Financial Corporation (NYSE:BBT – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 3,133,051 shares of the company’s stock, valued at approximately $82,619,000. Beacon Financial comprises approximately 5.2% of Azora Capital LP’s investment portfolio, making the stock its 7th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC purchased a new position in Beacon Financial during the 4th quarter valued at about $13,393,000. Freestone Grove Partners LP acquired a new stake in shares of Beacon Financial during the 4th quarter worth about $728,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Beacon Financial during the 4th quarter worth about $1,191,000. AQR Capital Management LLC acquired a new stake in shares of Beacon Financial during the 4th quarter worth about $6,652,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Beacon Financial during the 4th quarter worth about $875,000. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Beacon Financial Trading Down 1.9%

Shares of BBT stock opened at $29.34 on Thursday. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 24.25 and a beta of 0.56. The firm’s 50 day moving average price is $29.83 and its two-hundred day moving average price is $28.96. Beacon Financial Corporation has a fifty-two week low of $22.81 and a fifty-two week high of $32.83. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.43.

Beacon Financial (NYSE:BBT – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.13). The firm 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, analysts anticipate that Beacon Financial Corporation will post 3.13 EPS for the current year.

Beacon Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, May 15th. Beacon Financial’s payout ratio is 106.61%.

Beacon Financial announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 29th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

BBT has been the topic of several analyst reports. 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 research note on Friday, May 1st. Piper Sandler decreased their price target on shares of Beacon Financial from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. Weiss Ratings raised shares of Beacon Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. Zacks Research cut shares of Beacon Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Raymond James Financial cut shares of Beacon Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.75.

Get Our Latest Research Report on Beacon Financial

Beacon Financial 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.