Campbell Deegan Wealth Management LLC Takes Position in Bank of America Co. (NYSE:BAC)

Campbell Deegan Wealth Management LLC bought a new position in shares of Bank of America Co. (NYSE:BAC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,559 shares of the financial services provider's stock, valued at approximately $420,000. Bank of America accounts for approximately 0.5% of Campbell Deegan Wealth Management LLC's holdings, making the stock its 27th largest position.

Other hedge funds have also recently bought and sold shares of the company. Graney & King LLC bought a new position in shares of Bank of America during the 4th quarter worth approximately $25,000. Collier Financial bought a new position in shares of Bank of America in the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new position in shares of Bank of America in the fourth quarter valued at $29,000. Vega Investment Solutions bought a new position in shares of Bank of America in the fourth quarter valued at $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Bank of America in the fourth quarter valued at $31,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America Stock Down 0.2%

Shares of BAC traded down $0.10 during mid-day trading on Friday, reaching $44.14. The company's stock had a trading volume of 66,528,527 shares, compared to its average volume of 39,868,402. The stock has a market cap of $332.46 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.78 and a quick ratio of 0.78. Bank of America Co. has a 12-month low of $33.07 and a 12-month high of $48.08. The company's 50 day moving average is $40.46 and its 200 day moving average is $43.56.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.80 by $0.10. The business had revenue of $27.37 billion during the quarter, compared to analysts' expectations of $26.83 billion. Bank of America had a return on equity of 10.29% and a net margin of 14.10%. Equities analysts anticipate that Bank of America Co. will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, June 6th. Bank of America's dividend payout ratio (DPR) is presently 30.95%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Evercore ISI decreased their target price on shares of Bank of America from $51.00 to $48.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Cowen assumed coverage on shares of Bank of America in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. JPMorgan Chase & Co. decreased their target price on shares of Bank of America from $49.50 to $43.50 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. TD Cowen began coverage on shares of Bank of America in a research note on Thursday, May 15th. They issued a "buy" rating and a $53.00 target price for the company. Finally, Piper Sandler cut their price target on Bank of America from $45.00 to $42.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $47.50.

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.