NBT Bank N.A. Makes New Investment in Bank of America Corporation $BAC

NBT Bank N.A. acquired a new position in shares of Bank of America Corporation (NYSE:BAC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,694 shares of the financial services provider’s stock, valued at approximately $3,140,000.

Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc bought a new stake in Bank of America during the second quarter valued at $2,571,060,000. Deutsche Bank AG acquired a new stake in Bank of America during the 2nd quarter worth about $2,359,172,000. Bank of New York Mellon Corp acquired a new stake in Bank of America during the 2nd quarter worth about $2,313,953,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Bank of America in the 2nd quarter worth about $939,807,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Bank of America in the 2nd quarter worth about $916,398,000. Institutional investors own 70.71% of the company’s stock.

Key Headlines Impacting Bank of America

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, payable December 24 to shareholders of record on December 4. The annualized payout is $1.28 per share, providing an approximately 2.5% yield and signaling continued capital-return capacity. Bank of America Declares Fourth Quarter 2026 Stock Dividends
• Neutral Sentiment: The bank appointed Jim Fitterling and Bill Thomas to its board, expanding the board from 12 to 14 directors. The additions may strengthen industry expertise, but their near-term effect on earnings or valuation is unclear. Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors
• Neutral Sentiment: Bank of America’s wealth-management business remains a strategic strength, with Global Wealth and Investment Management contributing roughly 16% of group earnings in the second quarter. That diversification could support the stock over time, although results remain sensitive to market levels.
• Negative Sentiment: Multiple law firms publicized a securities class action against Bank of America and certain executives. The claims reportedly relate to alleged securities-law violations surrounding a roughly $1.2 billion Treasury penalty for anti-money-laundering violations. The repeated announcements are largely duplicative, but they increase reputational risk and could lead to litigation costs or additional regulatory scrutiny. BAC Investor Alert and Securities Class Action
• Negative Sentiment: Leadership concerns are also emerging, with commentary questioning CEO Brian Moynihan’s position following disappointing quarterly results and the Treasury fine. Bank of America previously missed consensus estimates for both earnings per share and revenue, adding to investor caution about profitability and execution.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BAC. Truist Financial dropped their price objective on Bank of America from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th. JPMorgan Chase & Co. decreased their target price on Bank of America from $68.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, October 2nd. HSBC began coverage on Bank of America in a report on Monday, September 28th. They issued a “buy” rating and a $65.00 target price for the company. Morgan Stanley lowered their target price on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Finally, Evercore set a $62.00 price target on Bank of America in a research note on Thursday, October 1st. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Bank of America has an average rating of “Moderate Buy” and a consensus price target of $62.82.

Bank of America Trading Up 0.5%

BAC opened at $51.03 on Friday. The company has a fifty day moving average price of $57.97 and a two-hundred day moving average price of $56.80. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22. The company has a market cap of $356.85 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC) last released its quarterly earnings data 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). The company had revenue of $29.96 billion for the quarter, compared to the consensus estimate of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. Bank of America’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. Analysts predict that Bank of America Corporation will post 4.54 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, December 4th. Bank of America’s payout ratio is presently 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.