Kempner Capital Management Inc. Sells 19,374 Shares of Bank of America Corporation $BAC

Kempner Capital Management Inc. trimmed its position in Bank of America Corporation (NYSE:BAC) by 30.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,962 shares of the financial services provider’s stock after selling 19,374 shares during the quarter. Bank of America makes up 2.3% of Kempner Capital Management Inc.’s holdings, making the stock its 21st largest position. Kempner Capital Management Inc.’s holdings in Bank of America were worth $2,488,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Wiser Advisor Group LLC acquired a new position in Bank of America during the third quarter worth approximately $27,000. Steph & Co. lifted its position in shares of 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 buying an additional 379 shares during the last quarter. Marquette Asset Management LLC bought a new position in shares of Bank of America during the 3rd quarter worth approximately $30,000. Collier Financial bought a new position in shares of Bank of America during the 3rd quarter worth approximately $30,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Bank of America during the 3rd quarter worth approximately $31,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BAC shares. CICC Research began coverage on Bank of America in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price target on the stock. Truist Financial decreased their price objective on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, January 27th. Morgan Stanley cut their target price on shares of Bank of America from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.87.

Insiders Place Their Bets

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the transaction, the insider owned 227,973 shares in the company, valued at $11,357,614.86. This represents a 17.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the completion of the sale, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 227,832 shares of company stock worth $11,094,960 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Bank of America Stock Performance

BAC opened at $48.10 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. The business has a fifty day simple moving average of $51.31 and a 200 day simple moving average of $52.33. 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 capitalization of $345.19 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.28.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 11.07% and a net margin of 16.23%.The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 EPS. Research 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 disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 annualized dividend and a yield of 2.3%. Bank of America’s payout ratio is 29.24%.

More Bank of America News

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

• Positive Sentiment: Zacks notes BAC outperformed the broader market (stock climbed ~1.3% in the cited session), highlighting relative-strength trading interest that likely helped the stock today. Bank of America (BAC) Ascends While Market Falls: Some Facts to Note
• Positive Sentiment: Zacks also flags BAC as a compelling dividend name, which supports demand from income-focused investors and can underpin multiple stability during market pullbacks. Bank of America (BAC) is a Top Dividend Stock Right Now: Should You Buy?
• Neutral Sentiment: Bank of America filed its 2025 Form 10-K with the UK National Storage Mechanism — a routine regulatory disclosure that reduces information uncertainty but is unlikely to move the stock materially by itself. Bank of America Files 2025 Form 10-K with UK National Storage Mechanism
• Neutral Sentiment: BofA Securities remains active in research — issuing upgrades/coverage on AI and tech names (Nebius initiation, CoreWeave upgrade, bullish takes on Dell/Oracle/ASML/Apple supply-chain checks). This highlights the bank’s research footprint but is only an indirect driver of BAC’s valuation. Nebius Operating Margin Turns Positive In FY27: Analyst
• Negative Sentiment: Goldman Sachs trimmed its price target on BAC from $67 to $57 (maintaining a Buy). A lower target from a major bank analyst can pressure sentiment and cap near-term upside. Benzinga coverage of price target change
• Negative Sentiment: WSJ coverage notes private-credit strains and software-exposed funds creating risks/opportunities for big banks — a reminder that credit-book deterioration or mark-to-market swings in loan exposure remain a sector-level headwind. Big Banks Are Playing Both Sides of the Private Credit Meltdown
• Negative Sentiment: Sector credit signals: Citigroup reports stable delinquencies but rising charge-offs in cards — a cautionary datapoint for bank loan performance that investors will watch across the group, including BAC. Citigroup’s Card Delinquencies Stable, Charge-Offs Rise in February

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.