Hodges Capital Management Inc. Has $3.13 Million Stake in Bank of America Corporation $BAC

Hodges Capital Management Inc. raised its position in Bank of America Corporation (NYSE:BAC) by 31.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,692 shares of the financial services provider’s stock after buying an additional 14,623 shares during the quarter. Hodges Capital Management Inc.’s holdings in Bank of America were worth $3,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. First National Bank of Omaha bought a new position in Bank of America in the third quarter valued at approximately $606,000. Axxcess Wealth Management LLC increased its stake in shares of Bank of America by 6.8% in the 3rd 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 last quarter. Maridea Wealth Management LLC bought a new position in shares of Bank of America in the third quarter worth about $296,000. BBR Partners LLC boosted its position in Bank of America by 3.7% in the third quarter. BBR Partners LLC now owns 8,347 shares of the financial services provider’s stock valued at $431,000 after buying an additional 299 shares in the last quarter. Finally, May Hill Capital LLC boosted its holdings in shares of 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 acquiring an additional 3,146 shares in the last quarter. Institutional investors own 70.71% 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: Bank of America’s research surveys on AI spending, corporate capex and dollar sentiment are getting broad coverage, reinforcing BAC’s role as a market influencer — this visibility can support trading and fee businesses tied to research and advisory. AI Spending Bubble Fear Just Hit An All-Time High, BofA Survey Shows
• Positive Sentiment: CEO Brian Moynihan’s public comments downplaying AI-driven job losses position management as constructive on technology adoption — that can reassure investors focused on execution and the bank’s technology strategy. Brian Moynihan isn’t so worried about an AI jobs bloodbath
• Neutral Sentiment: Bank of America disclosed it crossed a >5% ownership threshold in biotech Galapagos NV — a notable portfolio move that may reflect the firm’s principal-investment activity but isn’t directly tied to core banking earnings. Bank of America Lifts Stake in Galapagos Above 5% Transparency Threshold
• Neutral Sentiment: Analytical coverage of BAC valuation and mixed momentum may keep the stock range-bound — analysts and outlets are reassessing multiples even after recent earnings beats. Assessing Bank Of America (BAC) Valuation As Recent Returns Show Mixed Momentum
• Negative Sentiment: Warren Buffett’s Berkshire Hathaway trimmed its stake in Bank of America in the latest quarter — a high-profile reduction can sap confidence among some investors and put modest selling pressure on the shares. Berkshire Pares Stakes in Apple and BofA, Adds New York Times Position
• Negative Sentiment: Coverage that big-bank CEOs (including BAC’s) received pay increases after 2025 performance may raise governance scrutiny among investors focused on compensation and returns. Big Bank CEOs received serious pay bumps in 2025 Bank of America CEO Brian Moynihan sees compensation rise

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group increased their target price 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. Barclays raised their price objective on shares of Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Robert W. Baird lifted their target price on shares of Bank of America from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Royal Bank Of Canada upped their price target on shares of Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Wells Fargo & Company raised their price target 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. Twenty-two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $60.30.

Bank of America Stock Performance

Shares of Bank of America stock opened at $52.67 on Wednesday. The business has a 50-day moving average price of $54.38 and a two-hundred day moving average price of $52.16. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The company has a market cap of $384.62 billion, a P/E ratio of 13.75, a PEG ratio of 1.28 and a beta of 1.29.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (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 the consensus estimate of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. As a group, analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors 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 dividend yield of 2.1%. The ex-dividend date is Friday, March 6th. Bank of America’s payout ratio is presently 29.24%.

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.