Bank of America Corporation $BAC Shares Purchased by Community Bank of Raymore

Community Bank of Raymore grew its holdings in shares of Bank of America Corporation (NYSE:BAC) by 52.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 150,996 shares of the financial services provider’s stock after purchasing an additional 52,220 shares during the quarter. Bank of America accounts for approximately 4.6% of Community Bank of Raymore’s investment portfolio, making the stock its 4th biggest holding. Community Bank of Raymore’s holdings in Bank of America were worth $8,219,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BAC. Turim 21 Investimentos Ltda. bought a new stake in shares of Bank of America in the 2nd quarter valued at $25,000. Cherry Tree Wealth Management LLC boosted its stake in Bank of America by 167.6% during the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 300 shares in the last quarter. Principia Wealth Advisory LLC boosted its stake in Bank of America by 69.9% during the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 218 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Bank of America during the second quarter worth $34,000. Finally, Compass Wealth Management LLC bought a new position in Bank of America during the third quarter worth $36,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BAC shares. HSBC assumed coverage on shares of Bank of America in a report on Monday, September 28th. They issued a “buy” rating and a $65.00 price target for the company. UBS Group dropped their price objective on shares of Bank of America from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Morgan Stanley dropped their price objective on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Oppenheimer cut shares of Bank of America from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods reduced their target price on Bank of America from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.82.

More Bank of America News

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

• Positive Sentiment: Bank of America declared a quarterly dividend of $0.32 per share, or $1.28 annualized, representing a yield of approximately 2.5%. The payout provides ongoing income support for shareholders. Bank of America dividend report
• Positive Sentiment: Brokerages’ average price target remains above the current trading range at approximately $62.82, suggesting analysts still see potential upside despite recent target reductions. Bank of America average price target
• Neutral Sentiment: Bank of America issued 80,000 shares of new 7.200% Series WW preferred stock. The transaction can strengthen regulatory capital, although the high fixed dividend creates an additional funding cost. Bank of America issues Series WW preferred stock
• Neutral Sentiment: The company appointed Jim Fitterling and Bill Thomas to its board, expanding it from 12 to 14 directors. The appointments may improve oversight, but investors have not yet been given a clear financial impact. Bank of America board appointments
• Negative Sentiment: Multiple law firms are promoting securities-fraud class actions covering investors who purchased BAC securities between August 1, 2025 and October 13, 2026. The lead-plaintiff deadline is December 15, 2026, increasing headline and potential financial risk. Bank of America securities class action
• Negative Sentiment: Analysts cut Bank of America’s FY2026 EPS estimate to $4.35 from $4.55 and FY2027 estimate to $5.15 from $5.22. A separate valuation update reduced fair value to $63.14 from $67.33, reflecting concerns about regulatory penalties and earnings assumptions. Bank of America fair value estimate
• Negative Sentiment: Recent earnings fell short of expectations, with EPS of $1.08 versus $1.10 expected and revenue of $29.96 billion versus a $30.58 billion forecast. More than $1.2 billion in anti-money-laundering penalties and renewed questions about CEO Brian Moynihan’s future are adding to investor uncertainty.

Bank of America Trading Down 1.0%

NYSE BAC opened at $50.59 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17. Bank of America Corporation has a 52 week low of $46.12 and a 52 week high of $65.22. The business has a 50 day moving average price of $57.70 and a 200-day moving average price of $56.75. The company has a market cap of $353.78 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 0.88 and a beta of 1.21.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The firm had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. Bank of America’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that Bank of America Corporation will post 4.52 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, December 4th. Bank of America’s payout ratio is 30.40%.

Bank of America Company Profile

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.