RBC Capital Reaffirms Their Hold Rating on Beacon Financial Corporation (BBT)
RBC Capital analyst Karl Shepard maintained a Hold rating on Beacon Financial Corporation on December 12 and set a price target of $28.00. The company’s shares closed yesterday at $27.03.
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Shepard covers the Financial sector, focusing on stocks such as Beacon Financial Corporation, First Commonwealth, and WesBanco. According to TipRanks, Shepard has an average return of 6.5% and a 100.00% success rate on recommended stocks.
Beacon Financial Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $31.00.
Based on Beacon Financial Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $228.47 million and a GAAP net loss of $50.24 million. In comparison, last year the company earned a revenue of $166.08 million and had a net profit of $20.14 million
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BBT in relation to earlier this year. Last month, Thomas Hollister, a Director at BBT bought 4,200.00 shares for a total of $103,572.00.
