Teachers Retirement System of The State of Kentucky Invests $548,000 in Beacon Financial Corporation $BBT
by Amy Steele · The Cerbat GemTeachers Retirement System of The State of Kentucky acquired a new position in Beacon Financial Corporation (NYSE:BBT – Free Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 20,783 shares of the company’s stock, valued at approximately $548,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new stake in shares of Beacon Financial in the fourth quarter worth approximately $35,000. NBT Bank N A NY bought a new position in shares of Beacon Financial in the fourth quarter valued at approximately $36,000. Brown Lisle Cummings Inc. bought a new position in shares of Beacon Financial in the fourth quarter valued at approximately $50,000. Nisa Investment Advisors LLC bought a new position in shares of Beacon Financial in the fourth quarter valued at approximately $59,000. Finally, Blue Trust Inc. bought a new position in shares of Beacon Financial in the fourth quarter valued at approximately $76,000. 83.07% of the stock is owned by hedge funds and other institutional investors.
More Beacon Financial News
Here are the key news stories impacting Beacon Financial this week:
- Positive Sentiment: Board authorized a $50 million share repurchase program (about 1.9% of shares outstanding), signaling management thinks the stock is undervalued and returning capital to shareholders. This is a direct support to the share price and EPS over time. Beacon Financial Corporation Announces First Quarter Results
- Positive Sentiment: Quarterly dividend declared: $0.3225 per share (annualized yield ~4.5%), with record date May 15 and payment May 29 — supports income-focused investors and makes the stock more attractive to dividend buyers. Beacon Financial Corporation Announces First Quarter Results
- Positive Sentiment: Company emphasized capital return plans and operating earnings in its Q1 release, highlighting operating EPS of $0.70 and management’s intent to return capital — supportive for medium-term shareholder value. Beacon Financial Highlights Q1 2026 Results, Capital Return Plans
- Neutral Sentiment: Q1 earnings and investor call transcripts published — useful for digging into loan trends, margin drivers, and costs tied to recent merger activity and core system conversion. These provide context but won’t move price by themselves. Beacon Financial BBT Q1 2026 Earnings Transcript
- Neutral Sentiment: Full earnings call transcript available for deeper color on expense timing and merger-related items; useful for investors deciding if the miss is transitory. Beacon Financial Corporation (BBT) Q1 2026 Earnings Call Transcript
- Neutral Sentiment: Analyst coverage remains mixed: Hovde reaffirmed market perform but trimmed its target to $30 (slightly below some peers); a sign analysts see limited near-term upside. Hovde Group Note
- Negative Sentiment: Q1 results missed estimates: reported EPS of $0.70 (operating EPS 0.70, GAAP $0.55) vs. consensus $0.83, and revenue/metrics lagged — a primary reason for downward pressure on the stock. Management cited near-term pressures and costs tied to merger integration and a core system conversion. Beacon Financial (BBT) Lags Q1 Earnings and Revenue Estimates
- Negative Sentiment: Multiple firms trimmed price targets: RBC cut its target to $31 and set sector perform (reduced upside), and Keefe Bruyette & Woods lowered its target to $33 though kept an outperform rating — analyst downgrades and lower targets weigh on near-term sentiment. Analyst Price Target Notes
Insiders Place Their Bets
In other Beacon Financial news, insider Michael W. Mccurdy sold 17,333 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was 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 $793,227.20. This trade represents a 40.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.09% of the stock is owned by insiders.
Beacon Financial Trading Up 0.5%
Shares of BBT stock opened at $28.67 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.01. Beacon Financial Corporation has a 52-week low of $22.81 and a 52-week high of $32.83. The company has a market capitalization of $2.41 billion, a PE ratio of 23.70 and a beta of 0.55. The business’s fifty day moving average is $30.33 and its 200 day moving average is $27.99.
Beacon Financial (NYSE:BBT – Get Free Report) last issued 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). Beacon Financial had a return on equity of 9.02% and a net margin of 6.97%.The business had revenue of $214.72 million during the quarter. On average, equities research analysts anticipate that Beacon Financial Corporation will post 3.64 EPS for the current fiscal year.
Beacon Financial announced that its board has authorized a share buyback plan 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 plans are typically a sign that the company’s leadership believes its stock is undervalued.
Beacon Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, May 15th. Beacon Financial’s dividend payout ratio (DPR) is 106.61%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on BBT shares. Weiss Ratings raised Beacon Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 18th. Keefe, Bruyette & Woods reduced their target price on Beacon Financial from $36.00 to $33.00 and set an “outperform” rating for the company in a report on Friday. Raymond James Financial lowered Beacon Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday. Zacks Research raised Beacon Financial from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Hovde Group reissued a “market perform” rating and set a $30.00 price objective (down from $33.00) on shares of Beacon Financial in a report on Friday. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.75.
Beacon Financial 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.
Read More
Want to see what other hedge funds are holding BBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beacon Financial Corporation (NYSE:BBT – Free Report).