Ceredex Value Advisors LLC Decreases Stock Position in Bank of America Corporation $BAC

Key Points

• Ceredex Value Advisors trimmed its stake in Bank of America by 27.4% in Q3, leaving it with 860,746 shares worth about $44.4 million (1.0% of Ceredex’s holdings and its 29th largest position).
• Significant insider selling occurred recently — Thomas M. Scrivener sold 50,000 shares (~$2.49M) and James P. Demare sold 83,832 shares (~$4.19M); insiders now own 0.30% of BAC while institutional investors hold 70.71%.
• Bank of America trades at a market cap of about $343.8B with a PE of 12.51, pays a $0.28 quarterly dividend (≈2.3% yield), and carries a consensus analyst rating of "Moderate Buy" with a $60.30 target price.

Ceredex Value Advisors LLC trimmed its stake in shares of Bank of America Corporation (NYSE:BAC) by 27.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860,746 shares of the financial services provider's stock after selling 324,594 shares during the quarter. Bank of America accounts for 1.0% of Ceredex Value Advisors LLC's holdings, making the stock its 29th largest holding. Ceredex Value Advisors LLC's holdings in Bank of America were worth $44,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Steph & Co. grew its position in shares of Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider's stock worth $28,000 after buying an additional 379 shares in the last quarter. Collier Financial acquired a new stake in Bank of America in the third quarter valued at approximately $30,000. Marquette Asset Management LLC acquired a new stake in Bank of America in the third quarter valued at approximately $30,000. Mountain Hill Investment Partners Corp. purchased a new position in Bank of America in the third quarter worth approximately $31,000. Finally, Wealth Preservation Advisors LLC grew its holdings in Bank of America by 48.7% during the 2nd quarter. Wealth Preservation Advisors LLC now owns 681 shares of the financial services provider's stock worth $32,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company's stock.

Key Bank of America News

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

• Positive Sentiment: Led a $2.75 billion leveraged loan to finance Nexstar’s acquisition of Tegna — a sign of fee‑generating deal activity and willingness to underwrite large syndicated loans despite a weak loan market. Bank of America Offers $2.75 Billion Loan for Tegna Acquisition
• Positive Sentiment: Shifted funding mix from floating to fixed-rate funding — BofA analysts flag this as a subtle signal that management is actively managing interest‑rate and funding risk, which could stabilize net interest income profile if rates fall or volatility rises. Bank of America’s Funding Shift From Floating to Fixed: Subtle Clue About BAC’s Risk Strategy?
• Positive Sentiment: Published industry research (2026 U.S. Art Market Report) showing a 23% rebound in U.S. auction sales — helps Bank of America’s advisory/research visibility and cross‑sell opportunities to wealthy clients. U.S. Art Market Rebounds, Posting a 23% Increase in Auction Sales
• Neutral Sentiment: BofA highlights AI’s threat to software stocks and recommends caution — reflects research/market views that could influence client positioning but is not a direct driver of BAC’s fundamentals. The AI Threat to Software Stocks Is Real, Warns Bank of America (BAC)
• Neutral Sentiment: BofA identifies potential winners from Nvidia’s GTC event (AI chip / optical interconnect theme) — signals thematic research that could aid equity trading and investment banking pipelines over time. Nvidia’s big GTC event could spark a rally in these 5 stocks
• Negative Sentiment: Equity‑derivatives strategists (Nitin Saksena et al.) warn of a possible “scorched‑earth” response from Iran — a geopolitical risk that could increase equity market volatility and weigh on large financials like BAC. Beware the risk of a scorched-earth strategy from Iran, say Bank of America strategists
• Negative Sentiment: Large insider sales reported (totaling multiple millions) — can spook investors even if not unusual for financials, contributing to downward pressure on the share price. Insider Selling: Bank of America NYSE: BAC Insider Sells $4,191,600.00 in Stock Insider Selling: Bank of America NYSE: BAC Insider Sells $2,491,000.00 in Stock
• Negative Sentiment: Chief investment strategist warns that market conditions don’t yet signal a durable rebound — adds to cautious sentiment and could reduce risk appetite among BofA clients and the broader market. Bank of America drops shock message on the stock market

Insider Buying and Selling

In other news, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction 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 transaction, the insider directly owned 227,973 shares of the company's stock, valued at $11,357,614.86. The trade was a 17.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James P. Demare sold 83,832 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by insiders.

Bank of America Stock Performance

NYSE BAC opened at $47.91 on Tuesday. The company has a fifty day moving average of $53.13 and a two-hundred day moving average of $52.55. The company has a market capitalization of $343.83 billion, a PE ratio of 12.51, a P/E/G ratio of 1.19 and a beta of 1.28. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. 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 (NYSE:BAC - Get Free Report) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.02. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. As a group, analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 annualized dividend and a yield of 2.3%. Bank of America's payout ratio is 29.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Bank of America from $65.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, January 26th. Truist Financial lowered their target price on shares of Bank of America from $62.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, January 15th. Argus increased their target price on Bank of America from $58.00 to $59.00 and gave the company a "buy" rating in a report on Thursday, January 15th. Keefe, Bruyette & Woods cut their price target on Bank of America from $64.00 to $63.00 and set an "outperform" rating on the stock in a research note on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bank of America in a research report on Tuesday, January 27th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Bank of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.30.

Bank of America Profile

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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