Rockland Trust Co. Acquires 14,257 Shares of Bank of America Corporation $BAC

Rockland Trust Co. grew its holdings in Bank of America Corporation (NYSE:BAC) by 18.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,859 shares of the financial services provider’s stock after buying an additional 14,257 shares during the period. Rockland Trust Co.’s holdings in Bank of America were worth $4,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BAC. Quaker Wealth Management LLC raised its stake in shares of Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 880 shares during the period. Steph & Co. raised its position in Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares during the period. CGC Financial Services LLC raised its position in Bank of America by 585.4% in the 2nd quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 521 shares during the period. Marquette Asset Management LLC bought a new stake in Bank of America in the third quarter worth about $30,000. Finally, Collier Financial purchased a new position in shares of Bank of America during the third quarter valued at approximately $30,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of America News Roundup

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

• Positive Sentiment: Management kept the quarterly dividend at $0.28 and recent quarterly results showed an EPS beat and revenue growth, reinforcing income and earnings stability for the stock. Bank of America (BAC) Maintains Dividend Amid Strong Earnings and Moderate Outlook
• Positive Sentiment: Analyst activity turned constructive: a published price-target raise to $57.00 and at least one upgrade pushed sentiment higher recently, which supported gains before today. Bank of America (NYSE:BAC) Price Target Raised to $57.00
• Neutral Sentiment: Bank of America Securities continued active coverage and model updates on other companies (e.g., Uber) — these are evidence of the firm’s research reach but are not direct drivers of BAC’s fundamentals. Bank of America resets Uber stock price after earnings
• Neutral Sentiment: Multiple BofA Securities notes (TipRanks roundups) reiterated ratings on several unrelated companies; these reflect routine research flow and have limited direct impact on BAC’s valuation. Nexa Resources: Weaker 2026–2028 Production… (example BofA research)
• Negative Sentiment: A Bank of America research note highlighted a “really big” risk to the bond market — slowing rebalancing flows that could reduce bond demand. That dynamic can hurt fixed-income trading and underwriting revenue for banks and increase volatility, weighing on BAC’s outlook. Bank of America flags a really big risk to bonds — the stock market

Bank of America Stock Performance

Shares of NYSE:BAC opened at $56.43 on Tuesday. The company has a market capitalization of $412.08 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $54.45 and a 200 day moving average of $51.92.

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

Bank of America Dividend Announcement

The company 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 $0.28 dividend. 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 payout ratio is currently 29.24%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BAC shares. Evercore set a $59.00 price objective on Bank of America in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, January 27th. Ameriprise Financial upgraded shares of Bank of America to a “buy” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada upped their target price on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Wolfe Research downgraded shares of Bank of America from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and a consensus target price of $60.30.

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.