Waycross Partners LLC Acquires 25,000 Shares of Bank of America Corporation $BAC

Waycross Partners LLC boosted its stake in shares of Bank of America Corporation (NYSE:BAC) by 50.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the financial services provider’s stock after buying an additional 25,000 shares during the period. Waycross Partners LLC’s holdings in Bank of America were worth $3,869,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BAC. Shepherd Financial Partners LLC lifted its position in Bank of America by 0.3% during the third quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider’s stock valued at $3,110,000 after purchasing an additional 189 shares during the period. William B. Walkup & Associates Inc. raised its position in shares of Bank of America by 1.4% during the third quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock valued at $723,000 after buying an additional 192 shares during the last quarter. Albion Financial Group UT grew its position in shares of Bank of America by 1.6% during the third quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 205 shares in the last quarter. Motive Wealth Advisors increased its position in Bank of America by 3.6% in the third quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 205 shares during the last quarter. Finally, Howard Financial Services LTD. increased its stake in Bank of America by 2.5% during the third quarter. Howard Financial Services LTD. now owns 8,508 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 205 shares during the last quarter. Hedge funds and other 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

Bank of America Trading Up 0.2%

Shares of BAC opened at $52.67 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average is $54.38 and its two-hundred day moving average is $52.16. The stock has a market cap of $384.62 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.28 and a beta of 1.29. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. Research analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

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 given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Daiwa Securities Group decreased their price target on Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. HSBC raised their price target on Bank of America from $55.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, January 27th. Dbs Bank upgraded shares of Bank of America to a “moderate buy” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada upped their target price on Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

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.