Bank of America Q3 EPS Forecast Boosted by Seaport Res Ptn

Key Points

• Equities research firm Seaport Res Ptn has increased its Q3 2025 earnings per share estimate for Bank of America from $0.94 to $0.96.
• Bank of America recently declared a quarterly dividend of $0.28 per share, representing an increase from their previous dividend of $0.26.
• The stock currently holds a consensus rating of "Moderate Buy" with an average price target of $53.93, according to MarketBeat data.

Bank of America Corporation (NYSE:BAC - Free Report) - Equities research analysts at Seaport Res Ptn lifted their Q3 2025 earnings per share estimates for Bank of America in a research note issued to investors on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings of $0.96 per share for the quarter, up from their previous estimate of $0.94. The consensus estimate for Bank of America's current full-year earnings is $3.70 per share. Seaport Res Ptn also issued estimates for Bank of America's FY2025 earnings at $3.69 EPS and Q1 2026 earnings at $0.98 EPS.

BAC has been the topic of several other reports. Wolfe Research lifted their price target on Bank of America from $57.00 to $58.00 and gave the company an "outperform" rating in a research report on Tuesday. UBS Group upped their price target on Bank of America from $55.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday. Robert W. Baird reiterated a "neutral" rating and set a $52.00 price objective on shares of Bank of America in a research note on Friday, June 27th. Truist Financial boosted their target price on Bank of America from $51.00 to $56.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Finally, Erste Group Bank upgraded Bank of America from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.93.

Bank of America Trading Down 0.3%

Shares of BAC opened at $50.22 on Wednesday. Bank of America has a 1-year low of $33.06 and a 1-year high of $52.88. The firm has a market capitalization of $371.95 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.96 and a beta of 1.33. The firm's 50-day moving average price is $49.46 and its 200-day moving average price is $45.39. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.14.

Bank of America (NYSE:BAC - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. Bank of America had a net margin of 14.81% and a return on equity of 10.25%. The business had revenue of ($22,273.00) million for the quarter, compared to analysts' expectations of $26.79 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year.

Bank of America declared that its board has authorized a share repurchase plan on Wednesday, July 23rd that allows the company to repurchase $40.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 11.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Bank of America Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, September 5th. This is a positive change from Bank of America's previous quarterly dividend of $0.26. Bank of America's dividend payout ratio is currently 32.75%.

Insider Transactions at Bank of America

In other news, insider James P. Demare sold 148,391 shares of Bank of America stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $45.57, for a total transaction of $6,762,177.87. Following the sale, the insider owned 223,407 shares in the company, valued at $10,180,656.99. This trade represents a 39.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Bank of America

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of Bank of America by 0.3% in the second quarter. Geode Capital Management LLC now owns 148,176,755 shares of the financial services provider's stock worth $6,982,863,000 after purchasing an additional 403,652 shares during the last quarter. Norges Bank purchased a new position in Bank of America during the 2nd quarter valued at approximately $5,091,641,000. Bank of New York Mellon Corp grew its holdings in Bank of America by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 60,417,407 shares of the financial services provider's stock valued at $2,521,218,000 after buying an additional 803,570 shares in the last quarter. Fisher Asset Management LLC increased its stake in Bank of America by 5.2% in the 2nd quarter. Fisher Asset Management LLC now owns 51,405,673 shares of the financial services provider's stock worth $2,432,516,000 after acquiring an additional 2,557,943 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Bank of America by 45.1% during the 1st quarter. Deutsche Bank AG now owns 48,112,090 shares of the financial services provider's stock worth $2,007,718,000 after acquiring an additional 14,960,086 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America Company Profile

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

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