First National Bank of Omaha Purchases Shares of 11,744 Bank of America Corporation $BAC

First National Bank of Omaha acquired a new position in Bank of America Corporation (NYSE:BAC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,744 shares of the financial services provider’s stock, valued at approximately $606,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BAC. Axxcess Wealth Management LLC boosted its stake in shares of Bank of America by 6.8% in the third quarter. Axxcess Wealth Management LLC now owns 224,711 shares of the financial services provider’s stock valued at $11,593,000 after purchasing an additional 14,300 shares during the period. Maridea Wealth Management LLC acquired a new stake in shares of Bank of America during the third quarter valued at about $296,000. BBR Partners LLC increased its position in shares of Bank of America by 3.7% during the third quarter. BBR Partners LLC now owns 8,347 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 299 shares during the last quarter. May Hill Capital LLC grew its stake in Bank of America by 37.9% during the 3rd quarter. May Hill Capital LLC now owns 11,443 shares of the financial services provider’s stock valued at $590,000 after purchasing an additional 3,146 shares in the last quarter. Finally, Cornerstone Advisory LLC increased its holdings in Bank of America by 2.8% during the 3rd quarter. Cornerstone Advisory LLC now owns 26,355 shares of the financial services provider’s stock worth $1,360,000 after purchasing an additional 725 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Stock Down 1.1%

Shares of Bank of America stock opened at $52.75 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The business’s fifty day moving average price is $54.33 and its two-hundred day moving average price is $52.17. The company has a market capitalization of $385.24 billion, a P/E ratio of 13.77, a PEG ratio of 1.30 and a beta of 1.29.

Bank of America (NYSE:BAC) last issued its quarterly 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 company had revenue of $4.53 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $0.82 earnings per share. As a group, research analysts forecast that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

Analysts Set New Price Targets

Several equities analysts have recently commented on BAC shares. Morgan Stanley reduced their target price on 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. CICC Research started 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 on the stock. Wells Fargo & Company upped their target price on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Robert W. Baird lifted their price target on Bank of America from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, Truist Financial reduced their target price on Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $60.30.

Bank of America News Roundup

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

• Positive Sentiment: BofA announced a new no‑fee BofA Rewards program that expands benefits to more than 30 million checking clients, which should help deepen deposit relationships, boost card usage and cross‑sell wealth products over time. New BofA Rewards program press release
• Positive Sentiment: Bank of America is launching an art‑consulting service for Private Bank and Merrill clients to capture higher‑margin lending and advisory revenue from wealthy collectors. Small revenue impact now but positive for wealth strategy and client stickiness. BofA offers art consulting – Reuters
• Neutral Sentiment: BofA’s internal memo shows a $25 billion commitment to private‑credit deals. That can be a growth and fee‑income driver, but it’s a large allocation that changes the bank’s asset mix and will take time to monetize. Investors are weighing upside from higher yields against execution and monitoring needs. BofA commits $25 billion to private-credit deals – Reuters
• Neutral Sentiment: Market commentary and analyst pieces (Zacks, TipRanks) are drawing attention to BAC for both retail strategies and potential options trades — increased attention can boost volatility but does not change fundamentals immediately. Investors Heavily Search BAC – Zacks
• Negative Sentiment: Press coverage highlights mounting concerns about the health of the private‑credit sector; committing $25bn increases BofA’s exposure to those risks and likely explains near‑term investor caution. Bank of America commits $25bn to private credit lending – FT
• Negative Sentiment: Coverage noting that Warren Buffett/Berkshire trimmed its stake in BofA (reported sale of a material portion) is a headline risk for sentiment even if strategic or tax‑related motives differ; big shareholder moves can pressure the stock. Buffett sold part of BofA stake – The Motley Fool

Bank of America Company 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.