Bank of America Corporation $BAC Shares Sold by First National Trust Co

First National Trust Co reduced its position in Bank of America Corporation (NYSE:BAC) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,027 shares of the financial services provider’s stock after selling 19,070 shares during the quarter. First National Trust Co’s holdings in Bank of America were worth $8,153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BAC. Wealthfront Advisers LLC grew its holdings in shares of Bank of America by 0.8% in the third quarter. Wealthfront Advisers LLC now owns 915,619 shares of the financial services provider’s stock valued at $47,237,000 after purchasing an additional 7,616 shares in the last quarter. Navellier & Associates Inc. boosted its position in Bank of America by 43.6% in the 3rd quarter. Navellier & Associates Inc. now owns 17,944 shares of the financial services provider’s stock valued at $926,000 after buying an additional 5,444 shares during the period. Centerpoint Advisors LLC grew its stake in shares of Bank of America by 14.5% in the third quarter. Centerpoint Advisors LLC now owns 2,727 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 346 shares in the last quarter. AlTi Global Inc. grew its stake in shares of Bank of America by 4.0% in the third quarter. AlTi Global Inc. now owns 55,398 shares of the financial services provider’s stock worth $2,858,000 after acquiring an additional 2,106 shares in the last quarter. Finally, Profund Advisors LLC increased its position in shares of Bank of America by 21.5% during the third quarter. Profund Advisors LLC now owns 92,174 shares of the financial services provider’s stock worth $4,755,000 after acquiring an additional 16,327 shares during the period. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Argus increased their price target on Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Morgan Stanley reduced their price target on shares of Bank of America from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Piper Sandler boosted their price target on Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Truist Financial dropped their price objective on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Finally, The Goldman Sachs Group upped their target price on Bank of America from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Twenty-two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.30.

Bank of America Stock Down 0.2%

BAC stock opened at $56.43 on Tuesday. The firm has a market cap of $412.08 billion, a PE ratio of 14.73, a PEG ratio of 1.38 and a beta of 1.29. 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 fifty day simple moving average of $54.45 and a 200 day simple moving average of $51.92. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55.

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

Bank of America Announces Dividend

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

Key Bank of America News

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

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.