19,306 Shares in Bank of America Corporation $BAC Purchased by Anchyra Partners LLC

Key Points

• Anchyra Partners LLC bought a new stake of 19,306 shares in Bank of America (NYSE: BAC) during Q4, valued at approximately $1,062,000.
• Insiders sold 227,832 shares (~$11.09M) over the last quarter, including large sales by James P. Demare and Bernard A. Mensah, leaving insiders with about 0.27% ownership.
• BofA beat Q1 estimates with $1.11 EPS (vs. $1.00) and $30.27B revenue (+10.7% YoY), announced a $0.28 quarterly dividend (2.2% yield), and maintains a consensus rating of Moderate Buy with a $60.90 price target.

Anchyra Partners LLC bought a new stake in shares of Bank of America Corporation (NYSE:BAC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,306 shares of the financial services provider's stock, valued at approximately $1,062,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. DecisionMap Wealth Management LLC raised its position in shares of Bank of America by 4.7% during the fourth quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider's stock valued at $223,000 after buying an additional 182 shares during the last quarter. Holistic Financial Partners boosted its position in shares of Bank of America by 2.4% during the fourth quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider's stock worth $434,000 after acquiring an additional 183 shares during the last quarter. Riverview Capital Advisers LLC boosted its position in shares of Bank of America by 4.2% during the third quarter. Riverview Capital Advisers LLC now owns 4,686 shares of the financial services provider's stock worth $242,000 after acquiring an additional 188 shares during the last quarter. Shepherd Financial Partners LLC grew its stake in Bank of America by 0.3% during the third quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider's stock valued at $3,110,000 after acquiring an additional 189 shares in the last quarter. Finally, William B. Walkup & Associates Inc. grew its stake in Bank of America by 1.4% during the third quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider's stock valued at $723,000 after acquiring an additional 192 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bank of America

In other news, 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 sale, the insider owned 307,240 shares of the company's stock, valued at approximately $15,362,000. This represents a 21.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bernard A. Mensah sold 94,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider owned 170,184 shares of the company's stock, valued at $7,988,436.96. This trade represents a 35.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 227,832 shares of company stock worth $11,094,960 over the last quarter. Insiders own 0.27% of the company's stock.

Bank of America Trading Down 0.0%

Shares of NYSE BAC opened at $52.04 on Monday. Bank of America Corporation has a 1-year low of $38.81 and a 1-year high of $57.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. The business's 50 day moving average is $50.33 and its two-hundred day moving average is $52.36. The stock has a market capitalization of $371.87 billion, a P/E ratio of 12.88, a PEG ratio of 0.88 and a beta of 1.23.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.11. The business had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the company earned $0.90 EPS. As a group, research analysts expect that Bank of America Corporation will post 4.45 EPS for the current year.

Bank of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 2.2%. Bank of America's payout ratio is 27.72%.

Analysts Set New Price Targets

Several brokerages have commented on BAC. Royal Bank Of Canada reiterated an "outperform" rating and issued a $59.00 price target on shares of Bank of America in a research note on Thursday, April 16th. Keefe, Bruyette & Woods lifted their target price on Bank of America from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, April 16th. Autonomous Res decreased their target price on Bank of America from $62.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, April 6th. Daiwa Securities Group dropped their price target on Bank of America from $62.00 to $58.00 and set a "buy" rating for the company in a research note on Tuesday, April 7th. Finally, Truist Financial raised their price target on Bank of America from $57.00 to $61.00 and gave the company a "buy" rating in a report on Thursday, April 16th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.90.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Board declared a quarterly cash dividend of $0.28 per share (payable June 26, 2026; record date June 5), reinforcing capital return to shareholders and supporting yield-focused demand. Bank of America Declares Second Quarter 2026 Stock Dividends
• Positive Sentiment: Jefferies reiterated a Buy and raised its price target to $65 following BofA’s strong Q1 results—an analyst endorsement that can support upside in the stock. This Is Why Jefferies Believes Bank of America Corporation (BAC) Is a Buy
• Positive Sentiment: High-profile investor endorsement persists: coverage notes that Berkshire/Warren Buffett continues to hold BAC, a long‑running vote of confidence for long-term investors. Bank of America (BAC) Remains in Warren Buffett’s Portfolio Since 2011; See Why
• Positive Sentiment: Industry context: Forbes reports that the largest U.S. banks returned record capital (dividends + buybacks) in Q1 — a favorable backdrop for BAC and investor appetite for bank equities. America's 8 Biggest Banks Are Returning Record Capital To Shareholders
• Neutral Sentiment: BofA research highlighted that a simple balanced “Sleep Like a Baby” portfolio is having a historic year — a market commentary item that showcases the bank’s analytics but is not direct company-specific news. The ‘Sleep Like a Baby’ Portfolio Is Having a Historic Year, Says BofA
• Neutral Sentiment: Macro/market note: Bloomberg coverage on collapsing volatility and renewed carry trades signals lower market stress and improved risk appetite — a backdrop that can lift banking fees/trading over time but is not an immediate company catalyst. Collapsing Volatility Turbocharges Returns in Carry Trades
• Neutral Sentiment: Corporate social/branding item: BofA awarded art conservation grants across multiple countries — positive for reputation but unlikely to move near-term stock performance. Historic Artworks Receive Funding through BofA's Art Conservation Project™
• Negative Sentiment: Bank of America materially trimmed its stake in Austrian property firm CA Immobilien Anlagen to 0.22% — a small, company-specific sell action that may signal portfolio rebalancing or risk reduction (likely immaterial to BAC’s fundamentals but interpreted negatively by some traders). Bank of America Slashes Stake in CA Immobilien Anlagen to 0.22%

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.

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