Beacon Financial Corporation (BBT) To Go Ex-Dividend on August 14th

Beacon Financial Corporation (NYSE:BBT) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 14th will be given a dividend of 0.3225 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, August 14th.

Beacon Financial has raised its dividend payment by an average of 0.0%annually over the last three years. Beacon Financial has a dividend payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Beacon Financial to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.29 annual dividend with an expected future payout ratio of 37.4%.

Beacon Financial Trading Up 2.4%

BBT opened at $30.56 on Friday. Beacon Financial has a one year low of $22.81 and a one year high of $32.83. The company has a market cap of $2.56 billion, a P/E ratio of 23.15 and a beta of 0.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $29.86 and its 200-day simple moving average is $29.75.

Beacon Financial (NYSE:BBT) last issued its earnings results on Wednesday, July 29th. The company reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $219.19 million for the quarter. Beacon Financial had a return on equity of 9.21% and a net margin of 8.96%. As a group, equities research analysts expect that Beacon Financial will post 3.13 EPS for the current fiscal year.

Beacon Financial declared that its Board of Directors has initiated a share buyback plan on Wednesday, April 29th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

About Beacon Financial

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.