Bank of America Corporation $BAC Stake Trimmed by Roffman Miller Associates Inc. PA

Key Points

• Roffman Miller Associates trimmed its Bank of America stake by 10.9% in Q4, selling 30,941 shares and now holding 254,039 shares valued at about $13.97 million; institutional investors own roughly 70.71% of the stock.
• Q4 results and dividend: BAC reported $0.98 EPS (beating the $0.96 estimate) with revenue up 12.3% year‑over‑year, and the company pays a $0.28 quarterly dividend (annualized $1.12, ~2.1% yield).
• Market outlook and insider activity: Several analysts have trimmed price targets but the consensus is a "Moderate Buy" with a $59.10 target, while insiders have sold about 227,832 shares (~$11.1M) in the past 90 days.

Roffman Miller Associates Inc. PA lowered its stake in Bank of America Corporation (NYSE:BAC - Free Report) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,039 shares of the financial services provider's stock after selling 30,941 shares during the quarter. Roffman Miller Associates Inc. PA's holdings in Bank of America were worth $13,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BAC. Jackson Thornton Wealth Management LLC boosted its position in Bank of America by 6.8% during the 4th quarter. Jackson Thornton Wealth Management LLC now owns 9,535 shares of the financial services provider's stock worth $546,000 after acquiring an additional 607 shares during the period. TSA Wealth Managment LLC acquired a new stake in Bank of America during the 4th quarter worth about $228,000. Fiduciary Alliance LLC boosted its position in Bank of America by 47.4% during the 4th quarter. Fiduciary Alliance LLC now owns 97,594 shares of the financial services provider's stock worth $5,368,000 after acquiring an additional 31,405 shares during the period. Treasure Coast Financial Planning acquired a new stake in Bank of America during the 4th quarter worth about $236,000. Finally, Mechanics Financial Corp boosted its position in Bank of America by 1.7% during the 4th quarter. Mechanics Financial Corp now owns 18,448 shares of the financial services provider's stock worth $1,015,000 after acquiring an additional 315 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America Stock Up 1.6%

Shares of Bank of America stock opened at $52.73 on Friday. The firm has a market cap of $376.77 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 0.91 and a beta of 1.23. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. Bank of America Corporation has a 52-week low of $34.63 and a 52-week high of $57.55. The stock has a 50-day simple moving average of $50.60 and a 200-day simple moving average of $52.19.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $4.53 billion during 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%.The firm's revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. On average, equities research analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, March 6th. Bank of America's dividend payout ratio (DPR) is presently 29.24%.

Key Bank of America News

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

• Positive Sentiment: CashPro adoption is rising — the CashPro app reported a 20% increase in usage and clients are approving roughly $38,000 in payments every second, highlighting stronger fee income and deeper commercial client engagement for BAC. CashPro App Usage Rises 20% as Clients Approve $38,000 in Payments Every Second
• Positive Sentiment: BofA's OCIO leadership and role in potential AI infrastructure financing (reported as part of a possible ~$14B package for Oracle/OpenAI cloud build‑out) point to large corporate lending and advisory opportunities that could boost non‑interest income. Bank Of America’s OCIO Leadership And AI Financing Set Against Valuation
• Positive Sentiment: Regulatory draft rules could free up to $320B of capital for U.S. banks, according to analysts — a structural tailwind that could allow BAC to redeploy capital into lending, buybacks or higher dividends over time. US banks could release $320 billion in capital with new draft rules, analysts say
• Positive Sentiment: BAC announced it will redeem $3.0B of 3.559% senior notes due April 2027 on April 23 — a debt refinancing/management action that simplifies the liability profile and reduces outstanding debt. Bank of America Announces Redemption of $3,000,000,000 3.559% Fixed/Floating Rate Senior Notes, Due April 2027
• Neutral Sentiment: Q1 earnings are a near‑term catalyst — BAC will report results and host a conference call on April 15; investors are positioning ahead of that report. Bank of America to Report First Quarter 2026 Financial Results and Host Investor Conference Call on April 15
• Neutral Sentiment: BofA research continues to generate headlines (e.g., a note on large growth in sports‑related event contracts and broader sector calls), reinforcing the bank’s franchise as a research and advisory leader — useful for reputation and client flow but indirect for near‑term stock moves. BofA Expects Sports-Related Event Contracts to Hit $1.1 Trillion Per Year
• Negative Sentiment: Several analysts have trimmed price targets recently (UBS cut its target to $62 from $67 but kept a Buy; Truist trimmed to $57), and JPMorgan lowered its target to $57.50 — these actions cap near‑term upside and add some pressure on sentiment. UBS adjusts price target on Bank of America Corp to $62 from $67; maintains buy rating JPMorgan Chase & Co. Lowers Bank of America NYSE: BAC Price Target to $57.50

Wall Street Analyst Weigh In

A number of brokerages have commented on BAC. Evercore decreased their price objective on Bank of America from $59.00 to $55.00 and set an "outperform" rating for the company in a research report on Monday. Morgan Stanley decreased their price objective on Bank of America from $67.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, March 31st. Keefe, Bruyette & Woods decreased their price objective on Bank of America from $64.00 to $63.00 and set an "outperform" rating for the company in a research report on Thursday, January 15th. Wolfe Research lowered Bank of America from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 7th. Finally, Truist Financial decreased their price objective on Bank of America from $62.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, January 15th. Twenty-three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Bank of America has a consensus rating of "Moderate Buy" and a consensus price target of $59.10.

Insider Activity 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 stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the transaction, the insider directly owned 307,240 shares of the company's stock, valued at approximately $15,362,000. This trade represents a 21.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas M. Scrivener sold 50,000 shares of the firm'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 value of $2,491,000.00. Following the completion of 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. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 227,832 shares of company stock valued at $11,094,960. Corporate insiders own 0.27% of the company's stock.

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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