Rhumbline Advisers Increases Position in Bank of America Corporation $BAC

Rhumbline Advisers grew its holdings in Bank of America Corporation (NYSE:BAC) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,357,780 shares of the financial services provider’s stock after purchasing an additional 229,321 shares during the quarter. Bank of America comprises approximately 0.5% of Rhumbline Advisers’ portfolio, making the stock its 24th largest holding. Rhumbline Advisers’ holdings in Bank of America were worth $637,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new position in Bank of America during the second quarter worth approximately $5,091,641,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Bank of America by 124.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock worth $833,771,000 after acquiring an additional 9,782,208 shares during the last quarter. ABN AMRO Bank N.V. acquired a new stake in shares of Bank of America in the 2nd quarter worth $202,439,000. OMERS ADMINISTRATION Corp raised its holdings in shares of Bank of America by 881.5% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 4,210,388 shares of the financial services provider’s stock worth $199,236,000 after acquiring an additional 3,781,417 shares during the period. Finally, LSV Asset Management boosted its position in shares of Bank of America by 96.5% during the 2nd quarter. LSV Asset Management now owns 6,882,719 shares of the financial services provider’s stock valued at $325,690,000 after acquiring an additional 3,379,335 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BAC shares. Truist Financial reduced their target price on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Daiwa Securities Group reduced their price target on shares of 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. Keefe, Bruyette & Woods lowered their price objective on Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. TD Cowen reduced their target price on Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Finally, Ameriprise Financial upgraded Bank of America to a “buy” rating in a report on Wednesday, October 22nd. Twenty-two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Price Performance

BAC stock opened at $55.40 on Wednesday. The business’s fifty day moving average price is $54.49 and its 200 day moving average price is $51.97. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $404.56 billion, a PE ratio of 14.46, a P/E/G ratio of 1.38 and a beta of 1.29.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.Bank of America’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. On average, sell-side analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. Bank of America’s dividend payout ratio is 29.24%.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America said it will maintain its dividend amid strong quarterly results and a moderate outlook — supports income investors and signals confidence in capital levels. Bank of America (BAC) Maintains Dividend
• Positive Sentiment: Analysis notes BAC preferred shares offer interest-rate protection and income diversification; attractive to yield-seeking investors if rate volatility persists — can support the equity via demand for bank securities. Bank Of America Preferreds Offer Interest Rate Protection
• Positive Sentiment: Valuation note: BAC trades at a discount to industry price-to-tangible-book multiples, which can attract value buyers and provide a floor to the stock. BAC Trades at a Discount to Industry
• Neutral Sentiment: BAC presented at its own Financial Services Conference (transcript available) — useful for understanding management priorities and capital allocation but not an immediate catalyst unless new guidance was given. BAC Presents at Bank of America Financial Services Conference 2026 Transcript
• Neutral Sentiment: Firm PR on diversity/leadership (women advisors, Italian leadership narrative) may support ESG perception but is unlikely to move the stock materially in the short term. Bank Of America Highlights Women Advisors
• Negative Sentiment: BofA research has been outspoken on market risks: a harsh warning to the “Magnificent Seven” tech stocks could sap overall market sentiment and weigh on bank trading revenues and market-related fees. Bank of America sends harsh warning to Magnificent Seven stocks
• Negative Sentiment: BofA commodities head Francisco Blanch warns of a ~2M bpd oil surplus this year — weaker energy prices could hurt energy-sector activity and loan demand in some regions and damp overall market risk appetite. Oil Market Faces 2 Million Barrel-per-Day Surplus
• Negative Sentiment: Macro labor datapoints cited by BofA economists (sluggish job growth despite strong GDP) raise uncertainty about the Fed path and loan growth; mixed/weak hiring could pressure net interest income expectations over time. The economy is booming. So why is the job market lagging?
• Neutral Sentiment: BofA’s commodities team also lifted long-term oil forecasts (Brent $60–$80 to 2031), a longer-horizon view that may conflict with near-term surplus commentary and have limited immediate impact on BAC. The World Is Still Hungry For Crude — Bank of America Lifts Oil Price Forecasts

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.