Community Bank of Raymore Acquires 52,220 Shares of Bank of America Corporation $BAC

Key Points

• Community Bank of Raymore increased its Bank of America stake by 52.9% in the third quarter, buying 52,220 additional shares for a total position worth approximately $8.2 million. Institutional investors and hedge funds collectively own 70.71% of BAC.
• Analysts maintain a generally positive view, with Bank of America carrying a “Moderate Buy” consensus rating and an average price target of $62.82, despite target cuts from JPMorgan and Morgan Stanley.
• Bank of America reported quarterly EPS of $1.08 and revenue of $29.96 billion, both below analyst expectations, while declaring a $0.32 quarterly dividend yielding about 2.5% annually.

Community Bank of Raymore increased its holdings in Bank of America Corporation (NYSE:BAC - Free Report) by 52.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,996 shares of the financial services provider's stock after purchasing an additional 52,220 shares during the quarter. Bank of America makes up 4.6% of Community Bank of Raymore's investment portfolio, making the stock its 4th biggest holding. Community Bank of Raymore's holdings in Bank of America were worth $8,219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Legal & General Group Plc bought a new position in Bank of America during the 2nd quarter worth $2,571,060,000. Amundi lifted its holdings in Bank of America by 12.5% during the 1st quarter. Amundi now owns 42,385,115 shares of the financial services provider's stock worth $2,066,274,000 after buying an additional 4,721,969 shares during the period. Deutsche Bank AG bought a new stake in shares of Bank of America in the 2nd quarter valued at about $2,359,172,000. Bank of New York Mellon Corp bought a new stake in shares of Bank of America in the 2nd quarter valued at about $2,313,953,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Bank of America by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider's stock valued at $1,517,599,000 after buying an additional 561,413 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BAC has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on Bank of America from $68.00 to $62.00 and set an "overweight" rating for the company in a research note on Friday, October 2nd. Oppenheimer downgraded Bank of America from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 30th. HSBC started coverage on Bank of America in a research note on Monday, September 28th. They issued a "buy" rating and a $65.00 price objective on the stock. Morgan Stanley reduced their target price on Bank of America from $67.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday, October 15th. Finally, Robert W. Baird raised shares of Bank of America from a "neutral" rating to an "outperform" rating and set a $62.00 target price for the company in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Bank of America has an average rating of "Moderate Buy" and a consensus price target of $62.82.

Bank of America Price Performance

Shares of NYSE BAC opened at $50.59 on Friday. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. The firm has a fifty day simple moving average of $57.70 and a 200 day simple moving average of $56.75. The company has a market capitalization of $353.78 billion, a PE ratio of 12.02, a P/E/G ratio of 0.88 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC - Get Free Report) last released its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.02). The firm had revenue of $29.96 billion during the quarter, compared to analyst estimates of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. Bank of America's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. On average, sell-side analysts forecast that Bank of America Corporation will post 4.52 EPS for the current year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, December 4th. Bank of America's dividend payout ratio (DPR) is presently 30.40%.

More Bank of America News

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

• Positive Sentiment: Bank of America declared a quarterly dividend of $0.32 per share, or $1.28 annualized, representing a yield of approximately 2.5%. The payout provides ongoing income support for shareholders. Bank of America dividend report
• Positive Sentiment: Brokerages’ average price target remains above the current trading range at approximately $62.82, suggesting analysts still see potential upside despite recent target reductions. Bank of America average price target
• Neutral Sentiment: Bank of America issued 80,000 shares of new 7.200% Series WW preferred stock. The transaction can strengthen regulatory capital, although the high fixed dividend creates an additional funding cost. Bank of America issues Series WW preferred stock
• Neutral Sentiment: The company appointed Jim Fitterling and Bill Thomas to its board, expanding it from 12 to 14 directors. The appointments may improve oversight, but investors have not yet been given a clear financial impact. Bank of America board appointments
• Negative Sentiment: Multiple law firms are promoting securities-fraud class actions covering investors who purchased BAC securities between August 1, 2025 and October 13, 2026. The lead-plaintiff deadline is December 15, 2026, increasing headline and potential financial risk. Bank of America securities class action
• Negative Sentiment: Analysts cut Bank of America’s FY2026 EPS estimate to $4.35 from $4.55 and FY2027 estimate to $5.15 from $5.22. A separate valuation update reduced fair value to $63.14 from $67.33, reflecting concerns about regulatory penalties and earnings assumptions. Bank of America fair value estimate
• Negative Sentiment: Recent earnings fell short of expectations, with EPS of $1.08 versus $1.10 expected and revenue of $29.96 billion versus a $30.58 billion forecast. More than $1.2 billion in anti-money-laundering penalties and renewed questions about CEO Brian Moynihan’s future are adding to investor uncertainty.

Bank of America Profile

Bank of America Corporation NYSE: BAC is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company's consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.

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