Laurel Wealth Advisors LLC Trims Stock Holdings in Bank of America Corporation $BAC

Laurel Wealth Advisors LLC lowered its stake in shares of Bank of America Corporation (NYSE:BAC) by 97.9% during the third quarter, Holdings Channel reports. The fund owned 212,183 shares of the financial services provider’s stock after selling 9,910,436 shares during the quarter. Bank of America comprises 1.5% of Laurel Wealth Advisors LLC’s portfolio, making the stock its 18th biggest holding. Laurel Wealth Advisors LLC’s holdings in Bank of America were worth $10,947,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shepherd Financial Partners LLC grew its holdings in shares of 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 worth $3,110,000 after buying an additional 189 shares in the last quarter. William B. Walkup & Associates Inc. boosted its position in 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 worth $723,000 after acquiring an additional 192 shares during the last quarter. Albion Financial Group UT grew its stake in Bank of America by 1.6% in the 3rd quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock worth $672,000 after acquiring an additional 205 shares during the period. Motive Wealth Advisors raised its holdings in Bank of America by 3.6% in the 3rd quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 205 shares during the last quarter. Finally, Howard Financial Services LTD. lifted its stake in shares of Bank of America by 2.5% during the 3rd quarter. Howard Financial Services LTD. now owns 8,508 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 205 shares during the period. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Oppenheimer lifted their price objective on Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Daiwa Securities Group lowered their price target on Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. CICC Research assumed coverage on shares of Bank of America in a report on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price objective on the stock. Piper Sandler raised their target price on shares of Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Finally, Wolfe Research downgraded shares of Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Stock Down 5.0%

Shares of NYSE:BAC opened at $49.68 on Friday. The stock has a 50-day simple moving average of $53.91 and a 200-day simple moving average of $52.44. The stock has a market capitalization of $356.55 billion, a P/E ratio of 12.97, a PEG ratio of 1.21 and a beta of 1.29. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80.

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. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. During the same period in the previous year, the company posted $0.82 earnings per share. Bank of America’s revenue was up 12.3% compared to the same quarter last year. Equities analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The firm also recently declared 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 yield of 2.3%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio is 29.24%.

More Bank of America News

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

• Positive Sentiment: BofA remains well-covered by analysts and hedge funds: multiple recent Buy/Outperform ratings and a median price target (~$62) provide upside support for BAC versus current levels, helping temper the sell-off. Bank of America slides as financials wobble amid private-credit anxiety and renewed tariff uncertainty
• Positive Sentiment: Corporate lending / fee activity: TE Connectivity secured a $3.0B five-year revolver that names Bank of America as a participating bank — a sign of ongoing commercial lending and fee opportunities for BAC. Does New US$3 Billion Credit Line And Strong Orders Change The Bull Case For TE Connectivity (TEL)?
• Positive Sentiment: Reputation/ESG flow: Bank of America announced nearly $40M invested in U.S. workforce skills in 2025 — positive for brand, regulatory goodwill and community relations. BofA Invests Nearly $40 Million into American Workforce Skills in 2025
• Neutral Sentiment: Valuation/market context pieces note mixed short-term performance but attractive multi-year returns — useful framing for longer-term investors but not an immediate catalyst. Is Bank of America (BAC) Pricing Reflect Its Excess Returns And P/E Valuation Signals
• Neutral Sentiment: Regulatory/reporting update: Bank of America filed its latest Form 10-K — routine disclosure that keeps governance and compliance current but doesn’t materially move sentiment by itself. Bank of America Files Latest Form 10-K with U.K. National Storage Mechanism
• Negative Sentiment: Macro/sector stress is the main near-term headwind: investor concern about private-credit/leveraged-loan stress, renewed tariff uncertainty and mechanical selling in financial ETFs are cited as drivers of today’s decline; large institutional position changes (some big portfolio trims) amplify downward pressure on BAC. Bank of America slides as financials wobble amid private-credit anxiety and renewed tariff uncertainty

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.