Bank of America Corporation $BAC Shares Purchased by Coastline Trust Co

Coastline Trust Co raised its holdings in Bank of America Corporation (NYSE:BAC) by 42.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,154 shares of the financial services provider’s stock after acquiring an additional 16,303 shares during the period. Coastline Trust Co’s holdings in Bank of America were worth $3,033,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. GoalVest Advisory LLC grew its position in shares of Bank of America by 780.0% in the fourth quarter. GoalVest Advisory LLC now owns 22,071 shares of the financial services provider’s stock valued at $1,214,000 after purchasing an additional 19,563 shares in the last quarter. CGN Advisors LLC lifted its position in Bank of America by 230.0% during the fourth quarter. CGN Advisors LLC now owns 21,932 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 15,285 shares in the last quarter. Legacy Wealth Management LLC MS lifted its position in Bank of America by 17.4% during the fourth quarter. Legacy Wealth Management LLC MS now owns 76,818 shares of the financial services provider’s stock worth $4,225,000 after buying an additional 11,395 shares in the last quarter. GK Wealth Management LLC boosted its stake in Bank of America by 6.5% during the fourth quarter. GK Wealth Management LLC now owns 6,648 shares of the financial services provider’s stock worth $366,000 after buying an additional 408 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Bank of America by 3.8% during the fourth quarter. GAMMA Investing LLC now owns 141,115 shares of the financial services provider’s stock worth $7,761,000 after buying an additional 5,135 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the sale, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James P. Demare sold 83,832 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the completion of the sale, the insider owned 307,240 shares in the company, valued at approximately $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 227,832 shares of company stock valued at $11,094,960. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BAC has been the subject of a number of recent research reports. Truist Financial cut their target price on Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Daiwa Securities Group lowered their price target on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. The Goldman Sachs Group lifted their target price on shares of Bank of America from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Stock Up 0.3%

Shares of BAC opened at $46.99 on Friday. The company’s 50-day simple moving average is $51.77 and its 200-day simple moving average is $52.36. 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 Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. The stock has a market capitalization of $337.20 billion, a PE ratio of 12.27, a P/E/G ratio of 1.14 and a beta of 1.28.

Bank of America (NYSE:BAC) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.4%. Bank of America’s payout ratio is 29.24%.

Bank of America News Roundup

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

• Positive Sentiment: Digitization and AI initiatives at BAC are highlighted as revenue drivers — management’s push on digital interactions and AI cross‑selling is presented as unlocking fee income and supporting revenue growth beyond cost cuts, a direct positive for margins and investor confidence. Bank of America’s Digitization Initiatives Unlocking Revenue Growth
• Positive Sentiment: Consumer payment promotion with Visa: BofA launched a sweepstakes for Visa cardholders tied to the FIFA World Cup, a marketing push that can boost card activation, spend and interchange revenue in the near term. BofA Teams with Visa to Offer Cardholders a Chance to Win a Trip to the FIFA World Cup 2026™
• Positive Sentiment: Mobile banking competitive position: Third‑party scorecard shows Bank of America tied for best mobile app, which supports customer retention, deposit growth and fee opportunities. Banks Strengthen Mobile Account Opening and Debit Card Controls
• Neutral Sentiment: Quarterly reporting calendar set: BofA announced its 4Q26 and 2027 quarterly reporting dates — useful for investors planning earnings/event timing but not a direct earnings surprise. Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates
• Neutral Sentiment: Investor outreach: BAC presented at the RBC conference (investor presentation may clarify guidance/strategy but is already priced in unless new disclosures appear). Bank of America Corporation (BAC) Presents at RBC Conference, Here’s What You Need to Know
• Neutral Sentiment: BofA research activity: The firm continues active, bullish research coverage across tech names (e.g., Nvidia, TSM), which underscores BAC’s role as a major trading and underwriting franchise but is indirect for BAC’s own fundamentals. Nvidia Gets Fresh Boost As BofA Stays Bullish
• Negative Sentiment: Macroeconomic/inflation risk: The Fed left rates steady but flagged higher inflation, prompting analyst notes that bank earnings could be pressured near term — this broader macro signal is weighing on BAC and other bank stocks. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
• Negative Sentiment: Reputational/legal scrutiny: Coverage of an Epstein‑related settlement highlights governance and valuation questions tied to historic relationships and could keep scrutiny on BAC’s disclosures and potential liabilities. Epstein Settlement Puts Bank Of America Valuation And Governance In Focus
• Negative Sentiment: Sector risk from private credit concerns: Analysts flag stress in private credit and alternative asset managers as a reason for bank stock weakness; BAC could be impacted via capital markets and trading revenue volatility. Bank Stocks Are the Canary in the Recession Coal Mine. It’s Not Time to Worry—Yet

Bank of America Company 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.