Bank of America Corporation $BAC Shares Bought by Czech National Bank

Czech National Bank grew its holdings in shares of Bank of America Corporation (NYSE:BAC) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,771,513 shares of the financial services provider’s stock after purchasing an additional 40,967 shares during the period. Bank of America makes up approximately 0.6% of Czech National Bank’s investment portfolio, making the stock its 22nd largest holding. Czech National Bank’s holdings in Bank of America were worth $97,433,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wiser Advisor Group LLC acquired a new position in Bank of America during the 3rd quarter valued at about $27,000. Steph & Co. raised its position 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 worth $28,000 after buying an additional 379 shares in the last quarter. Collier Financial acquired a new stake in shares of Bank of America in the 3rd quarter worth approximately $30,000. Marquette Asset Management LLC acquired a new stake in shares of Bank of America in the 3rd quarter worth approximately $30,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Bank of America in the third quarter valued at approximately $31,000. 70.71% of the stock is currently owned by institutional investors.

Insider Transactions at Bank of America

In related news, insider James P. Demare sold 83,832 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider directly owned 307,240 shares in the company, valued at approximately $15,362,000. This trade represents a 21.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the transaction, the insider directly owned 227,973 shares in the company, valued at $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. Insiders sold 227,832 shares of company stock valued at $11,094,960 over the last three months. 0.30% of the stock is owned by corporate insiders.

Bank of America Stock Performance

Shares of Bank of America stock opened at $48.74 on Thursday. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market cap of $348.25 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.17 and a beta of 1.28. The business has a fifty day simple moving average of $51.24 and a 200-day simple moving average of $52.30.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm had revenue of $4.53 billion for 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%.Bank of America’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, sell-side 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 will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.3%. Bank of America’s dividend payout ratio is currently 29.24%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Bank of America from $67.00 to $57.00 and set a “buy” rating on the stock in a report on Monday. Piper Sandler increased their price target on Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Royal Bank Of Canada lifted their price target on Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Argus boosted their price objective on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Finally, Keefe, Bruyette & Woods cut their price objective on Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.87.

More Bank of America News

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

• Positive Sentiment: BofA sets up a private-capital M&A team to advise on private-equity exits — a direct revenue opportunity from advisory fees as PE managers look to sell or recap assets; the hire signals the bank is chasing fee pools in private markets. Article Title
• Positive Sentiment: Market notes and wire stories highlighting BAC’s outperformance vs. the broader market provide short-term bullish momentum and may attract active flows into the name. Article Title
• Neutral Sentiment: BofA’s research team has been active — initiating and upgrading coverage on AI-infrastructure names (CoreWeave, Nebius) and reinstating coverage on Oracle — which bolsters the firm’s sell-side profile but is indirect for BAC’s fundamentals. Strong research can help trading and investment-banking pipelines over time. Article Title Article Title
• Neutral Sentiment: Analyst and market commentary about the financial sector (XLF) frames BAC as a core bank exposure in a deeply underperformed sector — that could support longer-term flows if sector rotation resumes, but broader NIM and mortgage headwinds remain. (Sector context: watch rates/NIM and loan growth.)
• Neutral Sentiment: Expectations for BAC’s upcoming quarterly report are for modest earnings growth; preview coverage and “what to expect” pieces are keeping the name on investors’ radars but don’t change near-term fundamentals absent surprises. Article Title
• Negative Sentiment: An outside bearish price forecast from Goldman Sachs was published, which could weigh on sentiment and prompt some profit-taking or cautious positioning by institutional investors. Article Title

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.