Seaport Res Ptn Predicts Higher Earnings for Bank of America

Bank of America Corporation (NYSE:BAC) – Analysts at Seaport Res Ptn upped their Q3 2026 earnings per share estimates for shares of Bank of America in a research report issued on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $1.18 per share for the quarter, up from their prior forecast of $1.17. The consensus estimate for Bank of America’s current full-year earnings is $3.70 per share. Seaport Res Ptn also issued estimates for Bank of America’s Q4 2026 earnings at $1.18 EPS and FY2027 earnings at $5.25 EPS.

A number of other equities research analysts have also commented on the company. HSBC increased their price target on Bank of America from $51.00 to $53.00 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Phillip Securities lowered Bank of America from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 25th. Wolfe Research increased their price objective on Bank of America from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Royal Bank Of Canada increased their price objective on Bank of America from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.93.

Bank of America Stock Down 0.3%

NYSE BAC opened at $50.22 on Tuesday. The firm has a market cap of $371.95 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. Bank of America has a one year low of $33.06 and a one year high of $52.88. The stock’s 50 day simple moving average is $49.46 and its 200 day simple moving average is $45.39. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.80 and a quick ratio of 0.79.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of ($22,273.00) million for the quarter, compared to analyst estimates of $26.79 billion. Bank of America had a return on equity of 10.25% and a net margin of 14.81%.Bank of America’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in Bank of America by 30.0% during the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after buying an additional 25,143 shares during the period. Park Avenue Securities LLC raised its stake in Bank of America by 12.6% during the 1st quarter. Park Avenue Securities LLC now owns 175,983 shares of the financial services provider’s stock worth $7,344,000 after buying an additional 19,727 shares during the period. Central Bank & Trust Co. acquired a new stake in Bank of America during the 1st quarter worth $223,000. Single Point Partners LLC raised its stake in Bank of America by 306.1% during the 1st quarter. Single Point Partners LLC now owns 27,631 shares of the financial services provider’s stock worth $1,153,000 after buying an additional 20,827 shares during the period. Finally, AHL Investment Management Inc. raised its stake in Bank of America by 5.4% during the 1st quarter. AHL Investment Management Inc. now owns 5,953 shares of the financial services provider’s stock worth $248,000 after buying an additional 303 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Insider Buying and Selling at Bank of America

In other news, insider James P. Demare sold 148,391 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $45.57, for a total value of $6,762,177.87. Following the transaction, the insider owned 223,407 shares of the company’s stock, valued at $10,180,656.99. This represents a 39.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Bank of America announced that its board has initiated a stock buyback plan on Wednesday, July 23rd that permits the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 11.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Bank of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were paid a $0.28 dividend. This is an increase from Bank of America’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. Bank of America’s dividend payout ratio (DPR) is currently 32.75%.

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 in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.