NorthCrest Asset Manangement LLC grew its position in Bank of America Corporation (NYSE:BAC) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,002,666 shares of the financial services provider’s stock after acquiring an additional 12,907 shares during the quarter. Bank of America comprises 1.3% of NorthCrest Asset Manangement LLC’s investment portfolio, making the stock its 11th largest holding. NorthCrest Asset Manangement LLC’s holdings in Bank of America were worth $57,042,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Gryphon Financial Partners LLC raised its stake in shares of Bank of America by 9.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 31,811 shares of the financial services provider’s stock worth $1,750,000 after acquiring an additional 2,825 shares in the last quarter. Genesis Private Wealth LLC purchased a new stake in Bank of America during the fourth quarter valued at approximately $344,000. Sard Wealth Management Group LLC boosted its stake in Bank of America by 7.9% in the fourth quarter. Sard Wealth Management Group LLC now owns 8,725 shares of the financial services provider’s stock valued at $480,000 after acquiring an additional 637 shares in the last quarter. Wedmont Private Capital grew its holdings in Bank of America by 3.1% in the fourth quarter. Wedmont Private Capital now owns 74,007 shares of the financial services provider’s stock worth $4,118,000 after purchasing an additional 2,252 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC purchased a new position in Bank of America in the fourth quarter worth $200,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.
Insider Buying and Selling
In related news, insider James P. Demare sold 83,832 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the transaction, the insider directly owned 307,240 shares in the company, valued at $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the sale, the insider directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 227,832 shares of company stock valued at $11,094,960 over the last 90 days. Insiders own 0.30% of the company’s stock.
Bank of America Price Performance
Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period last year, the firm posted $0.82 EPS. Bank of America’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is 29.24%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on BAC shares. CICC Research began coverage on Bank of America in a report on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price objective for the company. Royal Bank Of Canada boosted 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. Daiwa Securities Group reduced their target price on Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. JPMorgan Chase & Co. increased their price target on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Finally, Wolfe Research downgraded Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.30.
View Our Latest Analysis on Bank of America
More Bank of America News
Here are the key news stories impacting Bank of America this week:
- Positive Sentiment: Fed capital-reset plan could free up lending and boost banks’ growth and profitability — a tailwind for BAC if lower capital buffers translate into more loan activity and higher fee income. Fed’s Capital Reset: Lower Buffers, Increased Lending to Benefit Banks
- Positive Sentiment: Treasury market moves are pricing a higher chance of Fed hikes rather than cuts — higher rates generally support net interest margins for large banks like BAC, which can boost near‑term profitability. Treasuries Extend Slump as Likelihood of Fed Rate Cuts Fades
- Positive Sentiment: BofA’s digitization and AI initiatives are cited as unlocking revenue growth via 30B+ digital interactions, aiding cross‑selling and fee income beyond cost savings — supports the bank’s medium‑term revenue trajectory. Bank of America’s Digitization Initiatives Unlocking Revenue Growth
- Neutral Sentiment: Bank of America announced its 2026‑27 quarterly reporting schedule — routine corporate timing (low immediate market impact). Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates
- Neutral Sentiment: Marketing partnership with Visa (FIFA World Cup sweepstakes) increases consumer engagement but is unlikely to move fundamentals in the near term. BofA Teams with Visa to Offer Cardholders a Chance to Win a Trip to the FIFA World Cup 2026™
- Neutral Sentiment: BofA analysts remain active and bullish on technology names (e.g., Nvidia, TSM), which signals institutional research strength but is not a direct driver of BAC’s stock. Bank of America Still Loves Nvidia Stock After GTC 2026. Should You?
- Negative Sentiment: BofA flagged a higher risk of Fed hikes amid oil‑driven inflation and geopolitical risk — such warnings can increase investor caution and weigh on risk assets and lending outlook if growth fears rise. Bank of America Warns of Fed Rate Hike Risk as Crypto Market Faces Pressure
- Negative Sentiment: Analysis noting the Fed kept rates steady while flagging rising inflation suggests a tougher near‑term outlook for bank earnings and credit conditions, which could cap BAC’s near‑term upside. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
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.
Further Reading
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