Piper Sandler Reiterates Buy Rating on Beacon Financial Corporation
Piper Sandler maintains its buy rating on Beacon Financial with a $34 target, a 10% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating for Beacon Financial Corporation (BBT) with a price target of $34 on June 26, 2026.
- Piper Sandler's $34 price target implies 10% upside from Beacon Financial Corporation's ($BBT) current $30.91 share price.
- Beacon Financial shares traded at $30.83 on Friday, with a market cap of about $2.58 billion and a P/E ratio of 28.5.
- Insiders, including CEO Paul Perrault, bought shares on June 16, while analysts from Piper Sandler and Keefe, Bruyette & Woods maintain buy ratings.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Piper Sandler has reiterated its buy rating on Beacon Financial Corporation (NYSE:BBT), setting a price target of $34. This update came on June 26, 2026, with analyst Justin Crowley maintaining his positive outlook on the stock.
Piper Sandler vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Other Institutional Activity in Beacon Financial Corporation
Several major funds have been active in Beacon Financial Corporation recently. BlackRock, Inc. slightly reduced its holdings by 181,314 shares, now holding about 12.2 million shares worth $365.5 million. Vanguard Portfolio Management LLC opened a new position with over 5.1 million shares valued at $154 million. Millennium Management LLC significantly increased its stake by 4.5 million shares, ending with approximately 5.1 million shares worth $153.4 million. Dimensional Fund Advisors LP and Fuller & Thaler Asset Management, Inc. have slightly trimmed their positions, while State Street Corp reduced its holdings by 300,054 shares, now holding 4.75 million shares worth $142.6 million.
Beacon Financial Corporation Stock Down 1.5%
Shares of NYSE:BBT traded near $30.83 on Friday. Beacon Financial Corporation has a market cap of approximately $2.58 billion and a P/E ratio of 28.5. The stock's 52-week range is between $22.81 and $32.83, with a 50-day moving average of $29.64 and a 200-day moving average of $27.83.
$BBT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Beacon Financial reported revenue of about $632.9 million with a modest growth rate of 1.4%. Its net margin stands at 18.5%, and it has a return on equity of 6.3%. The next earnings report is scheduled for July 23, 2026.
Dividend
The company offers an annual dividend rate of $1.29, yielding 4.18%, with a payout ratio of 119.25%.
Insider Buying and Selling at Beacon Financial Corporation
On June 16, 2026, several insiders purchased shares of Beacon Financial. CEO Paul Perrault bought 36,348 shares, while Chief Banking Officer Michael McCurdy acquired 10,334 shares. Chief Marketing Officer Gary Levante also purchased 4,328 shares. These transactions were not part of any pre-arranged plans.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained its buy rating on Beacon Financial with a $34 price target. Keefe, Bruyette & Woods also maintained a buy rating with a $33 target earlier in May. The consensus target price among analysts is approximately $32.67, based on six opinions.
About Beacon Financial Corporation
Beacon Financial Corporation, headquartered in Boston, Massachusetts, is a bank holding company for Beacon Bank & Trust. It offers a range of banking services, including commercial and retail deposits, mortgage and commercial loans, and investment advisory services. Founded in 1846, the company also provides wealth management services and operates internationally.
Bottom Line
Piper Sandler's reiteration of its buy rating on Beacon Financial Corporation suggests continued confidence in the company's prospects. Investors often watch these ratings closely as they can influence market perceptions. Remember, these analyst actions are based on past data and may not reflect current conditions.
Get Beacon Financial Corporation alerts
New 13F filings, insider trades, and analyst moves on $BBT, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.