First National Bank of Omaha Takes $606,000 Position in Bank of America Corporation $BAC

First National Bank of Omaha purchased a new position in shares of Bank of America Corporation (NYSE:BAC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,744 shares of the financial services provider’s stock, valued at approximately $606,000.

Several other large investors also recently bought and sold shares of BAC. Norges Bank acquired a new position in Bank of America during the 2nd quarter worth approximately $5,091,641,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bank of America by 124.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after buying an additional 9,782,208 shares in the last quarter. ABN AMRO Bank N.V. acquired a new position in Bank of America during the second quarter worth $202,439,000. OMERS ADMINISTRATION Corp grew its holdings in Bank of America by 881.5% during the second 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 lifted its holdings in Bank of America by 96.5% in the second 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 period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Trading Down 1.1%

Shares of BAC opened at $52.75 on Friday. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The company has a market capitalization of $385.24 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. The stock has a fifty day moving average of $54.33 and a two-hundred day moving average of $52.17. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80.

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

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, March 6th. Bank of America’s payout ratio is presently 29.24%.

Analyst Ratings Changes

A number of research firms have recently weighed in on BAC. JPMorgan Chase & Co. upped their price target on shares of Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Robert W. Baird increased their target price on shares of Bank of America from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. HSBC boosted their price target on Bank of America from $55.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. TD Cowen reduced their price objective on Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Finally, Wells Fargo & Company upped their target price on Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.30.

Bank of America News Summary

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

• Positive Sentiment: BofA announced a new no‑fee BofA Rewards program that expands benefits to more than 30 million checking clients, which should help deepen deposit relationships, boost card usage and cross‑sell wealth products over time. New BofA Rewards program press release
• Positive Sentiment: Bank of America is launching an art‑consulting service for Private Bank and Merrill clients to capture higher‑margin lending and advisory revenue from wealthy collectors. Small revenue impact now but positive for wealth strategy and client stickiness. BofA offers art consulting – Reuters
• Neutral Sentiment: BofA’s internal memo shows a $25 billion commitment to private‑credit deals. That can be a growth and fee‑income driver, but it’s a large allocation that changes the bank’s asset mix and will take time to monetize. Investors are weighing upside from higher yields against execution and monitoring needs. BofA commits $25 billion to private-credit deals – Reuters
• Neutral Sentiment: Market commentary and analyst pieces (Zacks, TipRanks) are drawing attention to BAC for both retail strategies and potential options trades — increased attention can boost volatility but does not change fundamentals immediately. Investors Heavily Search BAC – Zacks
• Negative Sentiment: Press coverage highlights mounting concerns about the health of the private‑credit sector; committing $25bn increases BofA’s exposure to those risks and likely explains near‑term investor caution. Bank of America commits $25bn to private credit lending – FT
• Negative Sentiment: Coverage noting that Warren Buffett/Berkshire trimmed its stake in BofA (reported sale of a material portion) is a headline risk for sentiment even if strategic or tax‑related motives differ; big shareholder moves can pressure the stock. Buffett sold part of BofA stake – The Motley Fool

Bank of America Profile

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.