Verition Fund Management 13F: Cuts BBT Stake by $7.8M

Verition Fund Management Trims Beacon Financial Stake

Verition Fund Management reduced its investment in Beacon Financial Corporation (NYSE:BBT) during the period, according to a recent Form 13F filing with the Securities and Exchange Commission. The fund cut its position by 255,460 shares, marking an 11.3% decrease from its prior holding of 2,270,482 shares. This left the firm with 2,015,022 shares valued at approximately $61.4 million. Because 13F filings look backward at holdings from the end of the reporting period, this position may not reflect the fund's current holdings today.

Beacon Financial Stock Levels and Valuation

Beacon Financial Corporation shares trade around $30.45, sitting just below its 50-day moving average of $31.15 and above its 200-day moving average of $29.70. The regional bank stock has traded in a 52-week range between $22.81 and $32.83. The company carries a market capitalization of $2.41 billion and a P/E ratio of 9.3.

Dividend Profile for Beacon Financial

Beacon Financial Corporation pays an annual dividend of $1.29 per share, giving the stock a dividend yield of 4.18%. The company's payout ratio sits at 41.88%, showing how much of its earnings are paid out to shareholders.

Analysts Set New Price Targets

Wall Street firms continue to adjust their outlooks for Beacon Financial Corporation. On June 26, 2026, Piper Sandler maintained its Overweight rating while raising its price target to $34.0 from $33.0. Later on August 3, 2026, Piper Sandler reiterated its Overweight rating with a $36.0 price target. More recently, on October 9, 2026, RBC Capital maintained a Sector Perform rating while lowering its price target to $31.0 from $33.0. The stock holds a consensus buy rating with a mean price target of $34.83 across six analyst opinions.

Inside Beacon Financial Corporation

Headquartered in Boston, Massachusetts, Beacon Financial Corporation operates as the bank holding company for Beacon Bank & Trust, offering commercial, municipal, and retail banking services alongside commercial real estate loans, cash management, and trust services. The regional bank employs nearly 2,000 people and serves clients both in the United States and internationally.

What to Watch Next for BBT

Investors tracking Beacon Financial Corporation should watch for the company's next earnings report, scheduled for October 28, 2026, as well as subsequent institutional filings to see how major fund managers adjust their positions. Institutional filings provide a retroactive look at trading activity and do not represent a recommendation to buy or sell shares.