NBH Bank Makes New $1.10 Million Investment in Bank of America Corporation $BAC

NBH Bank purchased a new position in shares of Bank of America Corporation (NYSE:BAC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,352 shares of the financial services provider’s stock, valued at approximately $1,103,000.

Other hedge funds have also recently modified their holdings of the company. AlphaGrep UK Ltd purchased a new position in shares of Bank of America in the 2nd quarter valued at approximately $555,000. William John Sempolinski purchased a new stake in Bank of America during the 2nd quarter worth approximately $913,000. MW Advisory LLC purchased a new stake in Bank of America during the 2nd quarter worth approximately $504,000. Maloon Powers Pitre Higgins & Dennehy LLC acquired a new position in Bank of America during the 2nd quarter valued at approximately $1,441,000. Finally, Markowski Investments acquired a new position in Bank of America during the 2nd quarter valued at approximately $175,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Stock Down 0.6%

BAC stock opened at $62.64 on Friday. The firm’s fifty day simple moving average is $61.64 and its 200-day simple moving average is $55.21. The company has a market capitalization of $438.03 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22.

Bank of America (NYSE:BAC) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. The firm had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The firm’s revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. As a group, equities research analysts forecast that Bank of America Corporation will post 4.68 earnings per share for the current year.

Bank of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, September 4th. This is an increase from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio (DPR) is 25.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BAC shares. Barclays lifted their price objective on shares of Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. UBS Group upped their target price on Bank of America from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. raised their target price on Bank of America from $62.50 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Robert W. Baird lifted their price target on Bank of America from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, Evercore set a $63.00 price target on Bank of America and gave the company an “outperform” rating in a research note on Monday, July 6th. Twenty-one analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.08.

More Bank of America News

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

• Positive Sentiment: Bank of America joined 20 financial institutions forming a company that plans to issue a U.S.-dollar stablecoin in 2027. The initiative could strengthen BAC’s position in digital payments and blockchain-based financial services, although any revenue benefit is longer term. Bank of America (BAC), What Is Behind The Fresh Attention?
• Positive Sentiment: Unusual options activity showed investors purchasing 362,697 BAC call options, 172% above average daily volume. The activity signals heightened bullish speculation, though options positioning can increase volatility and does not guarantee fundamental upside.
• Positive Sentiment: Brokerage coverage continues to lean favorable, with analysts assigning BAC a consensus “Moderate Buy” rating. The constructive view supports the stock’s recent momentum. Bank of America Corporation Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: BAC announced plans to redeem $2 billion of U.S.-dollar senior notes and CAD1.425 billion of Canadian-dollar senior notes on September 15. The transactions represent routine liability management and may improve funding efficiency, but they are not expected to materially change near-term earnings. Bank of America Announces U.S. Note Redemptions
• Negative Sentiment: A technical-market warning noted that Wall Street positioning in BAC and broader equities has reached an extreme. That raises the risk of profit-taking or a pullback despite the bank’s recent outperformance. Bank of America’s New Warning Should Concern Stock Investors

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.