Bank of America Corporation $BAC Shares Bought by Rockland Trust Co.

Rockland Trust Co. grew its position in Bank of America Corporation (NYSE:BAC) by 18.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 90,859 shares of the financial services provider’s stock after purchasing an additional 14,257 shares during the period. Rockland Trust Co.’s holdings in Bank of America were worth $4,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. increased its holdings in shares of Bank of America by 1.4% during the third quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 192 shares in the last quarter. Albion Financial Group UT increased its stake in Bank of America by 1.6% during the 3rd quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 205 shares in the last quarter. Motive Wealth Advisors raised its holdings in shares of Bank of America by 3.6% in the third quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock worth $305,000 after buying an additional 205 shares during the last quarter. Howard Financial Services LTD. lifted its stake in shares of Bank of America by 2.5% during the third quarter. Howard Financial Services LTD. now owns 8,508 shares of the financial services provider’s stock worth $439,000 after buying an additional 205 shares during the period. Finally, Wynn Capital LLC grew its holdings in shares of Bank of America by 0.4% during the third quarter. Wynn Capital LLC now owns 47,063 shares of the financial services provider’s stock valued at $2,428,000 after buying an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Argus raised their target price on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Oppenheimer lifted their target price on Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Keefe, Bruyette & Woods cut their price target on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Evercore set a $59.00 price objective on shares of Bank of America in a research note on Thursday, January 15th. Finally, CICC Research initiated coverage on shares of Bank of America in a report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price objective on the stock. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.30.

Bank of America Price Performance

Shares of NYSE BAC opened at $56.43 on Tuesday. The firm’s 50 day simple moving average is $54.45 and its 200-day simple moving average is $51.92. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The stock has a market capitalization of $412.08 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.38 and a beta of 1.29. 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 (NYSE:BAC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. Bank of America’s dividend payout ratio is currently 29.24%.

Bank of America News Summary

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

• Positive Sentiment: Management kept the quarterly dividend at $0.28 and recent quarterly results showed an EPS beat and revenue growth, reinforcing income and earnings stability for the stock. Bank of America (BAC) Maintains Dividend Amid Strong Earnings and Moderate Outlook
• Positive Sentiment: Analyst activity turned constructive: a published price-target raise to $57.00 and at least one upgrade pushed sentiment higher recently, which supported gains before today. Bank of America (NYSE:BAC) Price Target Raised to $57.00
• Neutral Sentiment: Bank of America Securities continued active coverage and model updates on other companies (e.g., Uber) — these are evidence of the firm’s research reach but are not direct drivers of BAC’s fundamentals. Bank of America resets Uber stock price after earnings
• Neutral Sentiment: Multiple BofA Securities notes (TipRanks roundups) reiterated ratings on several unrelated companies; these reflect routine research flow and have limited direct impact on BAC’s valuation. Nexa Resources: Weaker 2026–2028 Production… (example BofA research)
• Negative Sentiment: A Bank of America research note highlighted a “really big” risk to the bond market — slowing rebalancing flows that could reduce bond demand. That dynamic can hurt fixed-income trading and underwriting revenue for banks and increase volatility, weighing on BAC’s outlook. Bank of America flags a really big risk to bonds — the stock market

About Bank of America

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.