Cambria Investment Management L.P. Purchases Shares of 14,230 Bank of America Corporation $BAC

Key Points

• Cambria Investment Management L.P. established a new position of 14,230 shares in Bank of America (NYSE: BAC) in Q3, valued at approximately $734,000.
• Bank of America declared a $0.28 quarterly dividend (annualized $1.12, ~2.2% yield) with an ex-dividend date of March 6 and payment on March 27.
• Institutional investors own 70.71% of BAC, and analysts' consensus is a Moderate Buy with an average price target of $60.30.

Cambria Investment Management L.P. bought a new position in shares of Bank of America Corporation (NYSE:BAC) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 14,230 shares of the financial services provider's stock, valued at approximately $734,000.

Several other institutional investors have also recently bought and sold shares of the business. Steph & Co. raised its holdings in shares of Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider's stock valued at $28,000 after buying an additional 379 shares during the last quarter. Collier Financial acquired a new position in shares of Bank of America in the 3rd quarter valued at $30,000. Marquette Asset Management LLC bought a new position in Bank of America during the third quarter worth about $30,000. Mountain Hill Investment Partners Corp. bought a new position in Bank of America during the 3rd quarter worth approximately $31,000. Finally, Wealth Preservation Advisors LLC boosted its position in shares of Bank of America by 48.7% during the second quarter. Wealth Preservation Advisors LLC now owns 681 shares of the financial services provider's stock worth $32,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 70.71% of the company's stock.

Bank of America News Roundup

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

• Positive Sentiment: Private Bank launches an Art Consulting service to help HNW clients treat art as an investable and planning asset, expanding fee-based wealth offerings that can deepen client relationships and recurring revenue. Bank Of America Art Consulting Adds Dimension To Wealth And Valuation Story
• Positive Sentiment: Liability management: BAC announced redemptions of $2.8B USD and JPY 27.8B fixed/floating senior notes due in 2027, showing active debt management that reduces near-term funding overhang and simplifies the debt profile. Bank of America Announces Redemption of $2,800,000,000 1.658% Fixed/Floating Rate Senior Notes, Due March 2027 Bank of America Announces Redemption of JPY 27,800,000,000 0.534% Fixed/Floating Rate Senior Notes
• Neutral Sentiment: BofA research activity: the bank’s Securities team has been active reinstating/raising coverage (e.g., Costco, Tesla) and upgrading commodity/mining names — positive for trading commissions and market visibility but not a direct earnings driver for the bank’s core banking lines. Bank of America revamps Costco stock price before earnings Tesla Rises as BofA Reinstates Buy Rating
• Neutral Sentiment: BofA crossed above a 5% threshold in Galapagos (GLPG) via its controlled entity, a disclosure that reflects the bank's institutional trading/investment flow activity rather than retail-facing business change. Galapagos Receives Transparency Notifications from Bank of America
• Neutral Sentiment: Investor conference and macro views: BofA is hosting industry speakers (e.g., VantageScore CEO) and its economists continue to publish views (including pushback on AI-driven doom scenarios). These items shape sentiment and client engagement but are incremental to near-term earnings. VantageScore CEO to Participate in Bank of America’s 2026 Information & Business Services Conference Bank of America drops blunt message on the economy
• Negative Sentiment: Regulatory/competitive risk from crypto: President Trump’s public support for crypto firms in the stablecoin yield battle increases political pressure on banks’ ability to limit yield-like products tied to stablecoins — a development that could pressure deposit retention and margins across large banks including BAC. Trump sides with crypto firms in trillion-dollar battle with banks over stablecoin yield

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. HSBC boosted their price objective on Bank of America from $55.00 to $57.00 and gave the company a "hold" rating in a research report on Friday, February 6th. 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 report on Thursday, January 15th. Keefe, Bruyette & Woods lowered 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. The Goldman Sachs Group boosted their price target on Bank of America from $65.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada upped their price objective on shares of Bank of America from $56.00 to $59.00 and gave the company an "outperform" rating in a report on Friday, December 12th. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $60.30.

Bank of America Stock Up 0.7%

Shares of NYSE BAC opened at $50.31 on Thursday. The stock's fifty day moving average is $53.55 and its 200 day moving average is $52.50. The stock has a market capitalization of $361.06 billion, a P/E ratio of 13.14, a PEG ratio of 1.22 and a beta of 1.28. 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 52 week low of $33.06 and a 52 week high of $57.55.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter last year, the business posted $0.82 EPS. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business 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 of this dividend is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. Bank of America's dividend payout ratio is 29.24%.

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.

Want to see what other hedge funds are holding BAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of America Corporation (NYSE:BAC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.