Beacon Financial (BBT) Director Hollister Buys $105K of Stock
Key Points
- Thomas J Hollister increased his stake in Beacon Financial Corporation by buying 3,450 shares for about $104,983, bringing his total ownership to 28,876 shares.
- The stock closed at $30.86 on the day of the purchase, while recently trading around $30.07, which is about 2.6% below that closing price.
- Analysts have a consensus buy rating on the stock with a mean price target of $34.67, indicating potential upside from the recent trading levels.
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Director Thomas J Hollister bought 3,450 shares of Beacon Financial Corporation (BBT) for about $104,983 on October 26, 2026. The purchase price was $30.43 per share, according to a Form 4 filed with the SEC.
Hollister's recent buy raised his total holdings to 28,876 shares, marking a 13.57% increase in his stake. This transaction comes as the stock closed at $30.86 on the same day, while it was recently trading around $30.07, which is about 2.6% below the closing price.
Other Institutional Activity in Beacon Financial Corporation
Verition Fund Management trimmed its holdings in Beacon Financial, reducing its stake by 255,460 shares, which now totals 2,015,022 shares valued at about $61.4 million. Millennium Management increased its position slightly, adding 53,676 shares for a total of 5,165,656 shares worth approximately $159.4 million. Fuller & Thaler Asset Management cut its stake by 833,374 shares, leaving it with 3,936,942 shares valued at around $121.5 million.
Beacon Financial Corporation Stock Up 0.4%
The stock is trading near its 52-week low of $22.81 and is currently 8.4% below its 52-week high of $32.83. It is also above its 50-day and 200-day moving averages, suggesting some positive momentum. Analysts have a mean price target of $34.67, indicating potential for growth from current levels.
Recent Earnings
In its most recent earnings report, Beacon Financial Corporation posted trailing twelve-month revenue of about $852.8 million and earnings per share of $3.18. The company has shown significant revenue growth of 273.1% year-over-year, with a net margin of 26.4%. The next earnings report is scheduled for January 27, 2027.
Insider Buying and Selling at Beacon Financial Corporation
Mary Anne Callahan, another director, bought 4,000 shares at $24.67 each on November 4, 2025, totaling about $98,680. Previously, Thomas J Hollister also purchased 4,200 shares for $103,572 on November 4, 2025. Notably, Michael W Mccurdy, an officer, sold 17,333 shares at $31.04 each on February 26, 2026, valued at $538,016.
Analysts Set New Price Targets
On October 23, 2026, RBC Capital maintained its Sector Perform rating with a price target of $33.00, up from $31.00. Earlier, on August 3, 2026, Piper Sandler reiterated its Overweight rating with a target of $36.00, an increase from $34.00. The consensus from analysts suggests a positive outlook for the stock.
About Beacon Financial Corporation
Beacon Financial Corporation is a bank holding company that operates Beacon Bank & Trust, offering a range of banking services in the U.S. and internationally. It accepts various deposits and originates mortgage loans on both commercial and residential properties. The company also provides investment and cash management services.
Bottom Line
Investors should keep an eye on Beacon Financial's upcoming earnings report on January 27, 2027, as well as any further insider trading activity. Hollister's recent purchase reflects his confidence in the company amidst its strong revenue growth and positive analyst ratings.
Source: Thomas J Hollister's Form 4 filing on $BBT (Oct 26, 2026). Written by software, not financial advice. How we make alerts