First Nebraska Trust Co Invests $471,000 in Bank of America Corporation $BAC

Key Points

• First Nebraska Trust Co. initiated a $471,000 stake in Bank of America, purchasing 9,653 shares during the first quarter. Institutional investors and hedge funds collectively own 70.71% of BAC.
• Bank of America shares opened at $62.07, near their 12-month high of $62.99 and above both their 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus with an average price target of $64.
• Bank of America raised its quarterly dividend to $0.32 per share from $0.28, implying an annualized dividend of $1.28 and a yield of approximately 2.1%.

First Nebraska Trust Co purchased a new stake in Bank of America Corporation (NYSE:BAC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,653 shares of the financial services provider's stock, valued at approximately $471,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BAC. Foguth Wealth Management LLC. purchased a new position in Bank of America during the first quarter worth approximately $225,000. Lavelle Capital LP acquired a new position in Bank of America during the first quarter worth $405,000. Carlson Capital L.P. grew its holdings in Bank of America by 225.4% in the 1st quarter. Carlson Capital L.P. now owns 48,160 shares of the financial services provider's stock valued at $2,348,000 after buying an additional 33,360 shares in the last quarter. Security Financial Services INC. grew its holdings in Bank of America by 15.4% in the 1st quarter. Security Financial Services INC. now owns 4,351 shares of the financial services provider's stock valued at $212,000 after buying an additional 581 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its stake in shares of Bank of America by 5.8% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 16,792 shares of the financial services provider's stock worth $819,000 after acquiring an additional 923 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company's stock.

Bank of America Stock Up 0.2%

Shares of BAC opened at $62.07 on Monday. The company's 50-day moving average price is $57.49 and its 200 day moving average price is $53.54. Bank of America Corporation has a 12-month low of $44.75 and a 12-month high of $62.99. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The firm has a market cap of $440.51 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17.

Bank of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.32 dividend. This is a positive change from Bank of America's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America's payout ratio is presently 25.69%.

Key Bank of America News

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

• Positive Sentiment: Analysts raised their outlook for BAC. JPMorgan reportedly expects Bank of America’s stock price to rise, while another analyst increased the FY2026 earnings-per-share estimate. These revisions reinforce expectations for stronger profitability and support the stock’s valuation. Bank of America stock price expected to rise FY2026 EPS estimate increased
• Positive Sentiment: Cybersecurity acquisition strengthens operational defenses. Bank of America plans to acquire U.K.-based information-security consultancy MDSec Consulting, subject to regulatory approval and expected to close in the fourth quarter of 2026. The deal is intended to bolster defenses against increasingly sophisticated AI-driven cyberattacks and ransomware. Financial terms were not disclosed, limiting the immediate earnings impact. Bank of America buys cybersecurity firm
• Positive Sentiment: Merrill Lynch is adding a sizable wealth-management team. A 14-person team managing approximately $13 billion in client assets is moving from Morgan Stanley’s Graystone Consulting. The recruitment could expand Merrill’s fee-based wealth-management revenue and deepen its affluent-client franchise. Merrill Lynch recruits $13 billion team
• Neutral Sentiment: Higher-for-longer interest rates present both benefits and risks. A hawkish Federal Reserve pause may support Bank of America’s net interest income, but prolonged high rates can pressure loan demand and increase credit-quality concerns. The broader market is also entering an uncertain August trading period, which could amplify volatility.
• Neutral Sentiment: Valuation remains a focus after substantial gains. One analysis says BAC still appears reasonably valued or discounted despite having more than doubled over three years. The stock is above both its 50-day and 200-day moving averages and near its annual high, suggesting strong momentum but also leaving shares more sensitive to disappointing results or guidance. Bank of America valuation and AI expansion

Insider Activity at Bank of America

In related news, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 1,373,397 shares of the company's stock, valued at approximately $72,803,774.97. This trade represents a 8.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. HSBC boosted their price target on shares of Bank of America from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, April 16th. Weiss Ratings restated a "buy (b)" rating on shares of Bank of America in a research report on Tuesday, July 21st. Evercore set a $63.00 target price on shares of Bank of America and gave the stock an "outperform" rating in a research note on Monday, July 6th. Wells Fargo & Company boosted their target price on shares of Bank of America from $67.00 to $69.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group increased their price target on shares of Bank of America from $58.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Twenty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bank of America has a consensus rating of "Moderate Buy" and an average price target of $64.00.

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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