Waycross Partners LLC Raises Stake in Bank of America Corporation $BAC

Waycross Partners LLC raised its position in Bank of America Corporation (NYSE:BAC) by 50.0% during the third quarter, HoldingsChannel reports. The firm owned 75,000 shares of the financial services provider’s stock after buying an additional 25,000 shares during the quarter. Waycross Partners LLC’s holdings in Bank of America were worth $3,869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quaker Wealth Management LLC boosted its position in shares of Bank of America by 246.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 880 shares in the last quarter. Steph & Co. boosted its holdings in Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 379 shares in the last quarter. Marquette Asset Management LLC purchased a new position in Bank of America in the third quarter valued at approximately $30,000. Collier Financial acquired a new stake in Bank of America during the third quarter worth approximately $30,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Bank of America during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Trending Headlines about Bank of America

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: Bank of America’s research surveys on AI spending, corporate capex and dollar sentiment are getting broad coverage, reinforcing BAC’s role as a market influencer — this visibility can support trading and fee businesses tied to research and advisory. AI Spending Bubble Fear Just Hit An All-Time High, BofA Survey Shows
• Positive Sentiment: CEO Brian Moynihan’s public comments downplaying AI-driven job losses position management as constructive on technology adoption — that can reassure investors focused on execution and the bank’s technology strategy. Brian Moynihan isn’t so worried about an AI jobs bloodbath
• Neutral Sentiment: Bank of America disclosed it crossed a >5% ownership threshold in biotech Galapagos NV — a notable portfolio move that may reflect the firm’s principal-investment activity but isn’t directly tied to core banking earnings. Bank of America Lifts Stake in Galapagos Above 5% Transparency Threshold
• Neutral Sentiment: Analytical coverage of BAC valuation and mixed momentum may keep the stock range-bound — analysts and outlets are reassessing multiples even after recent earnings beats. Assessing Bank Of America (BAC) Valuation As Recent Returns Show Mixed Momentum
• Negative Sentiment: Warren Buffett’s Berkshire Hathaway trimmed its stake in Bank of America in the latest quarter — a high-profile reduction can sap confidence among some investors and put modest selling pressure on the shares. Berkshire Pares Stakes in Apple and BofA, Adds New York Times Position
• Negative Sentiment: Coverage that big-bank CEOs (including BAC’s) received pay increases after 2025 performance may raise governance scrutiny among investors focused on compensation and returns. Big Bank CEOs received serious pay bumps in 2025 Bank of America CEO Brian Moynihan sees compensation rise

Analyst Upgrades and Downgrades

BAC has been the topic of a number of recent analyst reports. TD Cowen dropped their target price on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Truist Financial dropped their price objective on Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Wells Fargo & Company boosted their target price on Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. JPMorgan Chase & Co. upped their target price on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Stock Up 0.2%

Bank of America stock opened at $52.67 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The company has a market cap of $384.62 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.28 and a beta of 1.29. The stock’s 50 day moving average price is $54.38 and its 200 day moving average price is $52.16.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter last year, the business earned $0.82 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, sell-side analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America’s payout ratio is currently 29.24%.

Bank of America Profile

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.