News stories about Bank of America (NYSE:BAC) have been trending somewhat negative on Wednesday, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Bank of America earned a media sentiment score of -1.00 on their scale. InfoTrie also gave media coverage about the financial services provider an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have effected Bank of America’s score:

Several brokerages have issued reports on BAC. Keefe, Bruyette & Woods downgraded shares of Bank of America from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $36.00 to $29.00 in a research note on Thursday, September 5th. ValuEngine downgraded shares of Bank of America from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Wells Fargo & Co set a $34.00 price objective on shares of Bank of America and gave the stock a “buy” rating in a research note on Friday, August 16th. Morgan Stanley decreased their price objective on shares of Bank of America from $33.00 to $31.00 and set an “overweight” rating for the company in a research note on Friday, October 4th. Finally, Zacks Investment Research downgraded shares of Bank of America from a “hold” rating to a “sell” rating and set a $32.00 price objective for the company. in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.32.

Shares of NYSE:BAC traded up $0.44 during trading on Wednesday, reaching $30.17. 87,407,647 shares of the company were exchanged, compared to its average volume of 56,567,211. The firm has a market capitalization of $282.83 billion, a PE ratio of 11.56, a P/E/G ratio of 1.14 and a beta of 1.60. The business’s fifty day simple moving average is $28.71 and its 200-day simple moving average is $28.78. Bank of America Corp has a 12-month low of $22.66 and a 12-month high of $31.17. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.92 and a quick ratio of 0.91.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.07. The business had revenue of $22.96 billion for the quarter, compared to analyst estimates of $22.73 billion. Bank of America had a net margin of 25.52% and a return on equity of 11.95%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. On average, sell-side analysts anticipate that Bank of America Corp will post 2.82 EPS for the current fiscal year.

Bank of America declared that its Board of Directors has approved a share buyback program on Thursday, June 27th that authorizes the company to buyback $30.90 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 11.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 5th. This is a positive change from Bank of America’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.39%. Bank of America’s dividend payout ratio (DPR) is 27.59%.

In related news, major shareholder Of America Corp /De/ Bank sold 5,370 shares of Bank of America stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $11.78, for a total transaction of $63,258.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

About Bank of America

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

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