Cambria Investment Management L.P. Invests $734,000 in Bank of America Corporation $BAC

Cambria Investment Management L.P. bought a new position in shares of Bank of America Corporation (NYSE:BAC) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 14,230 shares of the financial services provider’s stock, valued at approximately $734,000.

Other institutional investors also recently modified their holdings of the company. Steph & Co. boosted its position in Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 379 shares during the last quarter. Marquette Asset Management LLC bought a new position in Bank of America in the third quarter worth approximately $30,000. Collier Financial acquired a new stake in Bank of America in the 3rd quarter valued at $30,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Bank of America during the third quarter valued at about $31,000. Finally, Wealth Preservation Advisors LLC boosted its stake in Bank of America by 48.7% during the 2nd quarter. Wealth Preservation Advisors LLC now owns 681 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 223 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

Bank of America Price Performance

BAC stock opened at $50.31 on Thursday. The firm has a market cap of $361.06 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.22 and a beta of 1.28. The firm’s fifty day moving average is $53.55 and its 200 day moving average is $52.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55.

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

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, March 6th. Bank of America’s dividend payout ratio is currently 29.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. Morgan Stanley reduced their price objective on Bank of America from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Daiwa Securities Group reduced their target price on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. The Goldman Sachs Group lifted their price target 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. Finally, CICC Research assumed coverage on shares of Bank of America in a research note on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price objective for the company. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.30.

More Bank of America News

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

• Positive Sentiment: Private Bank launches an Art Consulting service to help HNW clients treat art as an investable and planning asset, expanding fee-based wealth offerings that can deepen client relationships and recurring revenue. Bank Of America Art Consulting Adds Dimension To Wealth And Valuation Story
• Positive Sentiment: Liability management: BAC announced redemptions of $2.8B USD and JPY 27.8B fixed/floating senior notes due in 2027, showing active debt management that reduces near-term funding overhang and simplifies the debt profile. Bank of America Announces Redemption of $2,800,000,000 1.658% Fixed/Floating Rate Senior Notes, Due March 2027 Bank of America Announces Redemption of JPY 27,800,000,000 0.534% Fixed/Floating Rate Senior Notes
• Neutral Sentiment: BofA research activity: the bank’s Securities team has been active reinstating/raising coverage (e.g., Costco, Tesla) and upgrading commodity/mining names — positive for trading commissions and market visibility but not a direct earnings driver for the bank’s core banking lines. Bank of America revamps Costco stock price before earnings Tesla Rises as BofA Reinstates Buy Rating
• Neutral Sentiment: BofA crossed above a 5% threshold in Galapagos (GLPG) via its controlled entity, a disclosure that reflects the bank’s institutional trading/investment flow activity rather than retail-facing business change. Galapagos Receives Transparency Notifications from Bank of America
• Neutral Sentiment: Investor conference and macro views: BofA is hosting industry speakers (e.g., VantageScore CEO) and its economists continue to publish views (including pushback on AI-driven doom scenarios). These items shape sentiment and client engagement but are incremental to near-term earnings. VantageScore CEO to Participate in Bank of America’s 2026 Information & Business Services Conference Bank of America drops blunt message on the economy
• Negative Sentiment: Regulatory/competitive risk from crypto: President Trump’s public support for crypto firms in the stablecoin yield battle increases political pressure on banks’ ability to limit yield-like products tied to stablecoins — a development that could pressure deposit retention and margins across large banks including BAC. Trump sides with crypto firms in trillion-dollar battle with banks over stablecoin yield

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.