Bank of America Corporation $BAC Shares Bought by Vest Financial LLC

Vest Financial LLC increased its holdings in Bank of America Corporation (NYSE:BAC) by 8.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,454,930 shares of the financial services provider’s stock after acquiring an additional 115,865 shares during the quarter. Bank of America makes up about 0.8% of Vest Financial LLC’s investment portfolio, making the stock its 26th largest position. Vest Financial LLC’s holdings in Bank of America were worth $79,192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Turim 21 Investimentos Ltda. bought a new stake in shares of Bank of America in the 2nd quarter valued at about $25,000. Cherry Tree Wealth Management LLC lifted its position in shares of Bank of America by 167.6% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 300 shares during the period. Principia Wealth Advisory LLC boosted its stake in shares of Bank of America by 69.9% during the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 218 shares in the last quarter. Vermillion Wealth Management Inc. boosted its stake in shares of Bank of America by 199.1% during the first quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 438 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new position in shares of Bank of America during the second quarter valued at approximately $34,000. 70.71% of the stock is currently owned by institutional investors.

Key Bank of America News

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

• Positive Sentiment: Bank of America declared a quarterly common-stock dividend of $0.32 per share, payable December 24 to shareholders of record on December 4. The continued payout supports the investment case for income-oriented shareholders. Bank of America Declares Fourth Quarter 2026 Stock Dividends
• Positive Sentiment: The bank appointed Jim Fitterling and Bill Thomas to its board, expanding the board from 12 to 14 directors. The additions may strengthen oversight and bring further industrial and corporate leadership experience. Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors
• Neutral Sentiment: Bank of America’s wealth-management franchise remains a diversification benefit: Global Wealth and Investment Management generated approximately $1.41 billion in second-quarter net income, or about 16% of company earnings. Bank of America Wealth Business
• Negative Sentiment: Multiple law firms announced or promoted securities-fraud investigations and class actions tied to alleged disclosures surrounding Bank of America’s anti-money-laundering compliance issues and a reported $1.2 billion Treasury penalty. The repeated announcements increase reputational and potential litigation risk, although the allegations have not been proven. Lead-plaintiff motions are due December 15, 2026. ROSEN Bank of America Securities Class Action
• Negative Sentiment: The latest reported quarter also fell slightly short of expectations, with earnings of $1.08 per share versus a $1.10 consensus and revenue of $29.96 billion versus $30.58 billion. That performance may limit near-term enthusiasm despite year-over-year revenue growth.

Bank of America Stock Up 0.3%

NYSE:BAC opened at $50.81 on Thursday. The company’s 50-day simple moving average is $58.24 and its 200-day simple moving average is $56.78. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22. The stock has a market capitalization of $355.29 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.88 and a beta of 1.21.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The firm had revenue of $29.96 billion for the quarter, compared to the consensus estimate of $30.58 billion. During the same quarter last year, the firm earned $1.06 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Bank of America Corporation will post 4.54 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, December 4th. Bank of America’s payout ratio is currently 30.40%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. HSBC began coverage on shares of Bank of America in a report on Monday, September 28th. They set a “buy” rating and a $65.00 price objective on the stock. Citigroup lowered their target price on Bank of America from $66.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, October 15th. Argus set a $70.00 target price on Bank of America in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their target price on Bank of America from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Finally, Barclays cut their price target on Bank of America from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.82.

About Bank of America

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.