Bank of America Corporation $BAC Shares Sold by Davis Investment Partners LLC

Davis Investment Partners LLC decreased its stake in shares of Bank of America Corporation (NYSE:BAC) by 52.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,585 shares of the financial services provider’s stock after selling 37,955 shares during the period. Bank of America accounts for 0.7% of Davis Investment Partners LLC’s investment portfolio, making the stock its 23rd biggest position. Davis Investment Partners LLC’s holdings in Bank of America were worth $1,935,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wiser Advisor Group LLC purchased a new stake in Bank of America during the 3rd quarter worth about $27,000. Steph & Co. lifted its holdings in Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 379 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Bank of America during the 3rd quarter worth about $30,000. Collier Financial purchased a new stake in shares of Bank of America during the third quarter worth about $30,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Bank of America during the third quarter worth about $31,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BAC has been the topic of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Erste Group Bank downgraded Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Daiwa Securities Group reduced their price target on Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Oppenheimer raised their price objective on Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, CICC Research initiated coverage on Bank of America in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price objective for the company. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.30.

Bank of America Stock Performance

Shares of BAC stock opened at $46.99 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $337.20 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.28. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. The company has a 50 day moving average price of $51.77 and a 200 day moving average price of $52.36.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share 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 net margin of 16.23% and a return on equity of 11.07%. Bank of America’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned $0.82 EPS. Sell-side analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s payout ratio is 29.24%.

Insider Buying and Selling at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the transaction, the insider directly owned 170,184 shares of the company’s stock, valued at $7,988,436.96. The trade was a 35.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James P. Demare sold 83,832 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the sale, the insider owned 307,240 shares of the company’s stock, valued at $15,362,000. The trade was a 21.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 227,832 shares of company stock valued at $11,094,960. Company insiders own 0.30% of the company’s stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: Digitization and AI initiatives at BAC are highlighted as revenue drivers — management’s push on digital interactions and AI cross‑selling is presented as unlocking fee income and supporting revenue growth beyond cost cuts, a direct positive for margins and investor confidence. Bank of America’s Digitization Initiatives Unlocking Revenue Growth
• Positive Sentiment: Consumer payment promotion with Visa: BofA launched a sweepstakes for Visa cardholders tied to the FIFA World Cup, a marketing push that can boost card activation, spend and interchange revenue in the near term. BofA Teams with Visa to Offer Cardholders a Chance to Win a Trip to the FIFA World Cup 2026™
• Positive Sentiment: Mobile banking competitive position: Third‑party scorecard shows Bank of America tied for best mobile app, which supports customer retention, deposit growth and fee opportunities. Banks Strengthen Mobile Account Opening and Debit Card Controls
• Neutral Sentiment: Quarterly reporting calendar set: BofA announced its 4Q26 and 2027 quarterly reporting dates — useful for investors planning earnings/event timing but not a direct earnings surprise. Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates
• Neutral Sentiment: Investor outreach: BAC presented at the RBC conference (investor presentation may clarify guidance/strategy but is already priced in unless new disclosures appear). Bank of America Corporation (BAC) Presents at RBC Conference, Here’s What You Need to Know
• Neutral Sentiment: BofA research activity: The firm continues active, bullish research coverage across tech names (e.g., Nvidia, TSM), which underscores BAC’s role as a major trading and underwriting franchise but is indirect for BAC’s own fundamentals. Nvidia Gets Fresh Boost As BofA Stays Bullish
• Negative Sentiment: Macroeconomic/inflation risk: The Fed left rates steady but flagged higher inflation, prompting analyst notes that bank earnings could be pressured near term — this broader macro signal is weighing on BAC and other bank stocks. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
• Negative Sentiment: Reputational/legal scrutiny: Coverage of an Epstein‑related settlement highlights governance and valuation questions tied to historic relationships and could keep scrutiny on BAC’s disclosures and potential liabilities. Epstein Settlement Puts Bank Of America Valuation And Governance In Focus
• Negative Sentiment: Sector risk from private credit concerns: Analysts flag stress in private credit and alternative asset managers as a reason for bank stock weakness; BAC could be impacted via capital markets and trading revenue volatility. Bank Stocks Are the Canary in the Recession Coal Mine. It’s Not Time to Worry—Yet

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.