NBT Bank N.A. Acquires 57,694 Shares of Bank of America Corporation $BAC

Key Points

• NBT Bank acquired 57,694 Bank of America shares worth approximately $3.14 million in the third quarter. Institutional investors collectively own 70.71% of BAC, with several major funds increasing or initiating positions.
• Analysts maintain a generally positive outlook, with 18 Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $62.82, despite several recent target-price reductions.
• Bank of America reported quarterly earnings and revenue below expectations, while investors are also monitoring litigation and regulatory risks tied to an alleged $1.2 billion anti-money-laundering penalty. The bank declared a quarterly dividend of $0.32 per share, representing a roughly 2.5% annualized yield.

NBT Bank N.A. acquired a new position in shares of Bank of America Corporation (NYSE:BAC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 57,694 shares of the financial services provider's stock, valued at approximately $3,140,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc bought a new position in Bank of America in the second quarter valued at about $2,571,060,000. Deutsche Bank AG acquired a new stake in shares of Bank of America during the second quarter valued at about $2,359,172,000. Bank of New York Mellon Corp bought a new stake in shares of Bank of America during the second quarter worth about $2,313,953,000. Amundi grew its holdings in shares of Bank of America by 12.5% during the first quarter. Amundi now owns 42,385,115 shares of the financial services provider's stock worth $2,066,274,000 after purchasing an additional 4,721,969 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Bank of America by 1.8% in the first 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 period. Institutional investors own 70.71% of the company's stock.

Trending Headlines about Bank of America

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, payable December 24 to shareholders of record on December 4. The annualized payout is $1.28 per share, providing an approximately 2.5% yield and signaling continued capital-return capacity. Bank of America Declares Fourth Quarter 2026 Stock Dividends
• Neutral Sentiment: The bank appointed Jim Fitterling and Bill Thomas to its board, expanding the board from 12 to 14 directors. The additions may strengthen industry expertise, but their near-term effect on earnings or valuation is unclear. Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors
• Neutral Sentiment: Bank of America’s wealth-management business remains a strategic strength, with Global Wealth and Investment Management contributing roughly 16% of group earnings in the second quarter. That diversification could support the stock over time, although results remain sensitive to market levels.
• Negative Sentiment: Multiple law firms publicized a securities class action against Bank of America and certain executives. The claims reportedly relate to alleged securities-law violations surrounding a roughly $1.2 billion Treasury penalty for anti-money-laundering violations. The repeated announcements are largely duplicative, but they increase reputational risk and could lead to litigation costs or additional regulatory scrutiny. BAC Investor Alert and Securities Class Action
• Negative Sentiment: Leadership concerns are also emerging, with commentary questioning CEO Brian Moynihan’s position following disappointing quarterly results and the Treasury fine. Bank of America previously missed consensus estimates for both earnings per share and revenue, adding to investor caution about profitability and execution.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Bank of America from $75.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, September 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of Bank of America in a research report on Monday. UBS Group reduced their target price on shares of Bank of America from $70.00 to $67.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Barclays decreased their price target on shares of Bank of America from $72.00 to $68.00 and set an "overweight" rating for the company in a research report on Thursday, October 15th. Finally, Citigroup decreased their price target on shares of Bank of America from $66.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, October 15th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.82.

Bank of America Stock Up 0.5%

Shares of BAC opened at $51.03 on Friday. The company has a market capitalization of $356.85 billion, a PE ratio of 12.12, a PEG ratio of 0.88 and a beta of 1.21. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The stock's 50-day moving average price is $57.97 and its two-hundred day moving average price is $56.80. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC - Get Free Report) last released its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.02). The company had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The company's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 EPS. On average, analysts anticipate that Bank of America Corporation will post 4.54 EPS for the current year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, December 4th. Bank of America's payout ratio is currently 30.40%.

About Bank of America

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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