Homestead Advisers Corp Cuts Stock Holdings in Bank of America Corporation $BAC

Posted by Dante Gardener on Feb 5th, 2026

Homestead Advisers Corp lowered its stake in Bank of America Corporation (NYSE:BAC) by 2.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,742,135 shares of the financial services provider’s stock after selling 39,000 shares during the period. Bank of America makes up approximately 2.1% of Homestead Advisers Corp’s portfolio, making the stock its 16th biggest holding. Homestead Advisers Corp’s holdings in Bank of America were worth $89,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quaker Wealth Management LLC boosted its stake in shares of Bank of America by 246.5% during the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 880 shares during the period. RMG Wealth Management LLC bought a new stake in Bank of America during the 2nd quarter valued at $28,000. Steph & Co. boosted its position in Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after buying an additional 379 shares during the period. CGC Financial Services LLC grew its holdings in Bank of America by 585.4% in the 2nd quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 521 shares during the last quarter. Finally, Marquette Asset Management LLC bought a new stake in Bank of America in the 3rd quarter worth $30,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of America Price Performance

BAC opened at $55.38 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The company has a market cap of $404.41 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29. The stock has a fifty day simple moving average of $54.29 and a two-hundred day simple moving average of $51.72. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55.

Bank of America (NYSE:BAC – Get Free Report) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. Research analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BAC. HSBC upgraded shares of Bank of America from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, January 7th. The Goldman Sachs Group increased their price objective on Bank of America from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Barclays boosted their target price on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Wolfe Research lowered Bank of America from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, Phillip Securities boosted their price objective on shares of Bank of America from $50.00 to $56.00 in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Check Out Our Latest Stock Report on Bank of America

Key Bank of America News

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

Positive Sentiment: Board declared a regular quarterly cash dividend of $0.28/share (payable March 27; record/ex‑dividend dates in March). A steady dividend and clear payout schedule attract income-focused investors and can support the share price. Bank of America Declares First Quarter 2026 Stock Dividends
Neutral Sentiment: Bank of America’s Credit Investor Survey flagged AI/tech valuation risk (30% see an AI-stock correction as the likeliest credit catalyst), implying potential sector rotation that could funnel money into financials — a tailwind for banks if it continues. Analysts Love These 3 Stocks Trading Near 52-Week Lows—Here’s Why
Neutral Sentiment: A Bank of America analyst argued that the recent indiscriminate chip/software selloff over Nvidia is overdone — commentary that may reduce tech-contagion fears but has an uncertain near-term impact on BAC shares. Nvidia’s stock gets swept up in software selloff, but this analyst says that makes no sense
Neutral Sentiment: BofA raised its near‑term India rupee forecast after a U.S.–India trade deal — a sign of active macro/FX research from the bank but only an indirect influence on BAC equity. BofA lifts near‑term rupee forecast by 2% to 88.60–89 after US trade deal
Negative Sentiment: BofA’s Chief Investment Strategist Michael Hartnett warned of a possible “sell signal” for global stocks — a cautious market tone that can pressure bank stocks if risk‑off flows intensify. BoA Strategist Just Warned of Sell Signal in Stocks
Negative Sentiment: Analysts trimmed BAC price targets and flagged adjusted provisioning and a pause in buybacks — direct analyst downgrades/target cuts put downward pressure on the stock and explain some intraday volatility. Analysts Cut Bank of America (BAC) Price Targets Amid Adjusted Provisions and Buyback Pause

Bank of America Company Profile

(Free Report)

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.