Bank of America (NYSE:BAC) Price Target Lowered to $54.00 at Autonomous Res

Bank of America (NYSE:BAC) had its target price reduced by Autonomous Res from $62.00 to $54.00 in a research note released on Monday morning,MarketScreener reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other analysts have also commented on BAC. JPMorgan Chase & Co. boosted their price objective on shares of Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods cut their price objective on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Argus boosted their price objective on shares of Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Erste Group Bank lowered shares of Bank of America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Twenty-three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.20.

Bank of America Stock Performance

Shares of BAC opened at $50.07 on Monday. 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 has a twelve month low of $33.06 and a twelve month high of $57.55. The firm’s 50 day moving average price is $50.64 and its two-hundred day moving average price is $52.20. The firm has a market cap of $357.75 billion, a P/E ratio of 13.07, a PEG ratio of 1.20 and a beta of 1.23.

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

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, March 6th. Bank of America’s payout ratio is presently 29.24%.

Insider Buying and Selling

In related news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the transaction, the insider directly owned 170,184 shares in the company, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the transaction, the insider owned 227,973 shares in the company, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 227,832 shares of company stock worth $11,094,960. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Bank of America

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Bank of America by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after buying an additional 23,351,183 shares during the last quarter. Capital World Investors increased its holdings in Bank of America by 11.0% during the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after buying an additional 14,275,810 shares during the last quarter. Norges Bank acquired a new position in Bank of America during the fourth quarter worth $4,774,210,000. Bank of New York Mellon Corp increased its holdings in Bank of America by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 57,619,317 shares of the financial services provider’s stock worth $3,169,062,000 after buying an additional 2,929,779 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Bank of America by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider’s stock worth $2,958,110,000 after buying an additional 1,105,833 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

More Bank of America News

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

• Positive Sentiment: Goldman Sachs raised its price target to $58 and kept a Buy rating, signaling confidence in BAC’s earnings and capital return potential. Goldman Sachs Adjusts Price Target
• Positive Sentiment: Recent analyst upgrades and bullish notes have put BAC back in focus, citing steady earnings, dividend/buyback capacity and attractive valuation versus fundamentals. Analyst Upgrades Put BAC Back in Focus
• Positive Sentiment: Multiple outlets (Zacks, MSN) highlight BAC as a long‑term buy thanks to earnings outlook and valuation — supportive for investor sentiment heading into Q1. Why BAC Is a Top Stock Long-Term
• Positive Sentiment: BofA research expects major U.S. banks to deliver solid Q1 results overall, which supports BAC’s near‑term outlook ahead of its April 15 report. US Banks Set to Deliver Solid Q1 Results
• Positive Sentiment: Strategic business news — a tri‑branded Royal Caribbean credit card with Bank of America — underscores ongoing card/loyalty revenue opportunities. Royal Caribbean & BofA Tri‑Branded Card
• Neutral Sentiment: Some sell‑side firms trimmed price targets (Autonomous to $54; Evercore to $55) but kept neutral/outperform views — mixed signals that limit downside conviction. Autonomous Lowers PT to $54 Evercore Lowers PT to $55
• Neutral Sentiment: Berkshire/Buffett coverage and value‑oriented writeups continue to underscore BAC as a cheap, core financial holding — supportive but not an immediate catalyst. Buffett Stock Value Piece
• Negative Sentiment: Analysts warn that the rate tailwind that boosted net interest income may be fading, which is a key risk for BAC’s near‑term revenue outlook heading into Q1 results. Rate Tailwind Is Fading

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.