Crestwood Advisors Group LLC Boosts Stake in Bank of America Corporation $BAC

Key Points

• Crestwood Advisors increased its stake in Bank of America by 55.8% in Q4, adding 272,071 shares to hold 759,622 shares worth about $41.78 million.
• Bank of America beat quarterly estimates with $1.11 EPS (vs. $1.00 expected) and $30.27B revenue (up 10.7% year‑over‑year), and announced a $0.28 quarterly dividend ($1.12 annualized, 2.1% yield) payable June 26.
• Insider selling has been notable recently — insiders disposed of 354,588 shares (~$17.8M) in the last three months, including large sales by Bernard A. Mensah and Geoffrey S. Greener, while institutional investors still own about 70.71% of the stock.

Crestwood Advisors Group LLC lifted its holdings in Bank of America Corporation (NYSE:BAC) by 55.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 759,622 shares of the financial services provider's stock after acquiring an additional 272,071 shares during the quarter. Crestwood Advisors Group LLC's holdings in Bank of America were worth $41,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in shares of Bank of America in the third quarter worth $27,000. Legacy Bridge LLC increased its stake in shares of Bank of America by 182.3% in the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider's stock worth $28,000 after acquiring an additional 330 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Bank of America in the third quarter worth $30,000. Collier Financial acquired a new stake in shares of Bank of America in the third quarter worth $30,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Bank of America in the third quarter worth $31,000. Institutional investors and hedge funds own 70.71% of the company's stock.

Bank of America Stock Performance

BAC opened at $52.71 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18. The company has a market cap of $374.04 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.91 and a beta of 1.21. Bank of America Corporation has a 52-week low of $41.25 and a 52-week high of $57.55. The firm's fifty day simple moving average is $50.44 and its two-hundred day simple moving average is $52.51.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.11. The business had revenue of $30.27 billion for the quarter, compared to the consensus estimate of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The company's revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. Equities analysts anticipate that Bank of America Corporation will post 4.46 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, June 5th. Bank of America's dividend payout ratio (DPR) is presently 27.72%.

Trending Headlines about Bank of America

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

• Positive Sentiment: BofA received an analyst boost when UBS raised its price target on BAC, signaling upside from the Street and supporting investor confidence. UBS Raises PT
• Positive Sentiment: Bank of America is expanding its role in defense financing and supporting domestic drone/robotics production via its GovCon unit — this can drive new lending and advisory fees as federal defense demand grows. Defense Financing
• Positive Sentiment: Acted as lead lender on a $1.8 billion refinance for 9 West 57th Street — a sizable commercial real-estate financing that generates loan revenue and reinforces BofA’s commercial banking pipeline. 9 West 57th Refinance
• Neutral Sentiment: Shareholder votes at the 2026 annual meeting kept leadership and governance largely unchanged — reduces near-term corporate governance uncertainty but is unlikely to move the stock materially. Shareholder Vote
• Neutral Sentiment: BofA-hosted conferences and client events (e.g., Industrials conference participation by clients, Breakthrough Technology Dialogue) underline franchise strength and deal flow but are informational rather than immediate stock drivers. Conference Participation
• Negative Sentiment: Insider selling: Geoffrey S. Greener sold ~126,756 shares (~$6.7M) in early May, trimming his stake — such high‑profile insider sales can sap sentiment even if not tied to company fundamentals. Insider Sale
• Negative Sentiment: Related-party selling pressure: reports indicate Berkshire Hathaway’s successor Greg Abel continued to trim BAC for a seventh consecutive quarter — fueling narrative of reduced long‑term buying from a major holder. Greg Abel Sells

Insider Activity at Bank of America

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the transaction, the insider directly owned 170,184 shares of the company's stock, valued at $7,988,436.96. This trade represents a 35.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the transaction, the insider directly owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. The trade was a 8.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 354,588 shares of company stock valued at $17,814,296. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BAC shares. Wall Street Zen upgraded shares of Bank of America from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. UBS Group increased their price objective on shares of Bank of America from $62.00 to $63.00 in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Bank of America from $61.50 to $57.50 and set an "overweight" rating on the stock in a research note on Tuesday, April 7th. Piper Sandler raised their price target on shares of Bank of America from $53.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 16th. Finally, Morgan Stanley dropped their price target on shares of Bank of America from $67.00 to $61.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 31st. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $61.06.

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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