Csenge Advisory Group Sells 12,347 Shares of Bank of America Corporation $BAC

Csenge Advisory Group cut its holdings in Bank of America Corporation (NYSE:BAC) by 29.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,695 shares of the financial services provider’s stock after selling 12,347 shares during the period. Csenge Advisory Group’s holdings in Bank of America were worth $1,532,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quaker Wealth Management LLC lifted its position in Bank of America by 246.5% during the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 880 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of Bank of America during the 2nd quarter valued at approximately $28,000. Steph & Co. grew its stake in shares of Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 379 shares during the period. CGC Financial Services LLC increased its holdings 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 acquiring an additional 521 shares in the last quarter. Finally, Marquette Asset Management LLC bought a new stake in Bank of America during the 3rd quarter worth approximately $30,000. Institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on BAC shares. TD Cowen dropped their price target on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday. HSBC raised shares of Bank of America from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, January 7th. Evercore ISI set a $59.00 price target on Bank of America in a research note on Thursday. Truist Financial lowered their price objective on Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.74.

Bank of America News Summary

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

• Positive Sentiment: Q4 results showed broad strength — beats on EPS and revenue driven by net interest income (NII) and Global Markets; management reiterated NII growth for 2026, underpinning earnings momentum. Bank Of America: Buy The Pullback On NII Strength
• Positive Sentiment: Several Wall Street firms raised or reaffirmed targets/ratings after the quarter (Goldman Sachs and Argus among them), reflecting analyst confidence in BAC’s earnings power and valuation upside. Goldman Raises Target on BAC Argus Raises Target on BAC
• Positive Sentiment: Independent research and brokerages remain broadly bullish — Evercore ISI and others have kept Outperform/Buy stances and price targets above current levels, which supports medium‑term upside expectations. Evercore ISI Remains Bullish on BAC (InsiderMonkey)
• Neutral Sentiment: Board declared regular preferred‑stock dividend payments for multiple series (routine cash distributions for preferred/depositary shareholders); this affects preferred holders more than common equity. Bank of America Declares Preferred Stock Dividends (PR Newswire)
• Neutral Sentiment: BofA’s research desk published sector calls (e.g., 3 metals names to watch), which highlights the bank’s franchise strength in research but has limited direct impact on BAC’s stock performance. 3 Metals Stocks Bank of America Is Bullish on for 2026
• Negative Sentiment: CEO warnings about interest‑bearing stablecoins potentially pulling up to $6T from bank deposits raise medium‑term funding and lending risks — a structural threat that could increase funding costs and reduce loanable deposits if regulation permits yield‑paying crypto products. Bank of America CEO warns stablecoins could pull $6T (Cointelegraph)
• Negative Sentiment: Political/regulatory headlines — proposals to cap credit‑card interest rates (reported in recent coverage) have pressured bank sector multiples and prompted short‑term selloffs despite solid fundamentals. This macro/policy overhang is a key reason some investors sold into the earnings news. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem? (MarketBeat)

Bank of America Trading Up 0.8%

Shares of Bank of America stock opened at $53.02 on Friday. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $54.17 and a 200-day moving average price of $51.22. The firm has a market cap of $387.18 billion, a price-to-earnings ratio of 13.84 and a beta of 1.29.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $28.53 billion during the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 earnings per share. Equities research analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is 29.24%.

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.