Fiduciary Alliance LLC Has $5.37 Million Stock Holdings in Bank of America Corporation $BAC

Key Points

• Fiduciary Alliance LLC boosted its stake in Bank of America by 47.4% in Q4 and ended the period owning 97,594 shares valued at about $5.37 million.
• Insiders sold a combined 227,832 shares during the quarter (including Bernard Mensah's 94,000 and James P. Demare's 83,832), leaving insiders with roughly 0.27% ownership.
• Key near‑term catalysts and corporate actions: Bank of America will report Q1 results on April 15, has announced the redemption of $3.0 billion of senior notes, is seeing rising CashPro payment activity, and could benefit if draft regulatory rules free up as much as $320 billion of U.S. bank capital.

Fiduciary Alliance LLC grew its holdings in Bank of America Corporation (NYSE:BAC - Free Report) by 47.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,594 shares of the financial services provider's stock after buying an additional 31,405 shares during the period. Fiduciary Alliance LLC's holdings in Bank of America were worth $5,368,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BAC. Wiser Advisor Group LLC acquired a new stake in shares of Bank of America in the third quarter valued at approximately $27,000. Steph & Co. lifted its position 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. Marquette Asset Management LLC acquired a new stake in shares of Bank of America in the third quarter valued at approximately $30,000. Collier Financial acquired a new stake in shares of Bank of America in the third quarter valued at approximately $30,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Bank of America in the third quarter valued at approximately $31,000. 70.71% of the stock is owned by institutional investors and hedge funds.

Key Bank of America News

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

• Positive Sentiment: CashPro adoption is rising — the CashPro app reported a 20% increase in usage and clients are approving roughly $38,000 in payments every second, highlighting stronger fee income and deeper commercial client engagement for BAC. CashPro App Usage Rises 20% as Clients Approve $38,000 in Payments Every Second
• Positive Sentiment: BofA's OCIO leadership and role in potential AI infrastructure financing (reported as part of a possible ~$14B package for Oracle/OpenAI cloud build‑out) point to large corporate lending and advisory opportunities that could boost non‑interest income. Bank Of America’s OCIO Leadership And AI Financing Set Against Valuation
• Positive Sentiment: Regulatory draft rules could free up to $320B of capital for U.S. banks, according to analysts — a structural tailwind that could allow BAC to redeploy capital into lending, buybacks or higher dividends over time. US banks could release $320 billion in capital with new draft rules, analysts say
• Positive Sentiment: BAC announced it will redeem $3.0B of 3.559% senior notes due April 2027 on April 23 — a debt refinancing/management action that simplifies the liability profile and reduces outstanding debt. Bank of America Announces Redemption of $3,000,000,000 3.559% Fixed/Floating Rate Senior Notes, Due April 2027
• Neutral Sentiment: Q1 earnings are a near‑term catalyst — BAC will report results and host a conference call on April 15; investors are positioning ahead of that report. Bank of America to Report First Quarter 2026 Financial Results and Host Investor Conference Call on April 15
• Neutral Sentiment: BofA research continues to generate headlines (e.g., a note on large growth in sports‑related event contracts and broader sector calls), reinforcing the bank’s franchise as a research and advisory leader — useful for reputation and client flow but indirect for near‑term stock moves. BofA Expects Sports-Related Event Contracts to Hit $1.1 Trillion Per Year
• Negative Sentiment: Several analysts have trimmed price targets recently (UBS cut its target to $62 from $67 but kept a Buy; Truist trimmed to $57), and JPMorgan lowered its target to $57.50 — these actions cap near‑term upside and add some pressure on sentiment. UBS adjusts price target on Bank of America Corp to $62 from $67; maintains buy rating JPMorgan Chase & Co. Lowers Bank of America NYSE: BAC Price Target to $57.50

Insider Transactions at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the transaction, the insider owned 170,184 shares in the company, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James P. Demare sold 83,832 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the transaction, the insider owned 307,240 shares in the company, 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. Over the last quarter, insiders have sold 227,832 shares of company stock worth $11,094,960. Company insiders own 0.27% of the company's stock.

Bank of America Price Performance

Shares of NYSE BAC opened at $52.73 on Friday. The firm has a market cap of $376.77 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 0.91 and a beta of 1.23. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a 1-year low of $34.63 and a 1-year high of $57.55. The business's 50 day moving average is $50.60 and its 200-day moving average is $52.19.

Bank of America (NYSE:BAC - Get Free Report) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share. Equities research analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America's dividend payout ratio (DPR) is 29.24%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BAC shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bank of America in a research report on Tuesday, January 27th. Truist Financial cut their price objective on Bank of America from $62.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, January 15th. Royal Bank Of Canada raised their price objective on Bank of America from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, December 12th. HSBC raised Bank of America from a "hold" rating to a "buy" rating and set a $57.00 price objective for the company in a research report on Wednesday, April 1st. Finally, Oppenheimer cut their price objective on Bank of America from $63.00 to $58.00 and set an "outperform" rating for the company in a research report on Friday, March 27th. Twenty-three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.10.

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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