Providence First Trust Co Takes $863,000 Position in Bank of America Corporation $BAC

Providence First Trust Co acquired a new position in shares of Bank of America Corporation (NYSE:BAC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,684 shares of the financial services provider's stock, valued at approximately $863,000.

A number of other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider's stock worth $4,785,000 after acquiring an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Bank of America by 40.5% in the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider's stock valued at $1,013,000 after acquiring an additional 6,174 shares during the period. Jump Financial LLC increased its holdings in shares of Bank of America by 38.4% in the second quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider's stock worth $3,108,000 after acquiring an additional 18,227 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Bank of America during the second quarter worth about $1,396,000. Finally, Vivaldi Capital Management LP raised its position in shares of Bank of America by 4.2% during the second quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider's stock worth $417,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 70.71% of the company's stock.

Analysts Set New Price Targets

BAC has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on Bank of America from $61.50 to $57.50 and set an "overweight" rating for the company in a research report on Tuesday, April 7th. Royal Bank Of Canada restated an "outperform" rating and set a $59.00 target price on shares of Bank of America in a report on Thursday, April 16th. Wolfe Research cut shares of Bank of America from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 7th. Truist Financial increased their price objective on shares of Bank of America from $57.00 to $61.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Finally, Argus raised their price objective on shares of Bank of America from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Bank of America presently has an average rating of "Moderate Buy" and a consensus price target of $61.02.

Bank of America Trading Up 1.8%

Bank of America stock opened at $53.13 on Wednesday. The company has a market cap of $379.67 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.88 and a beta of 1.21. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. Bank of America Corporation has a one year low of $40.56 and a one year high of $57.55. The firm has a 50-day moving average of $50.34 and a 200-day moving average of $52.47.

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

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America's payout ratio is presently 27.72%.

Bank of America News Roundup

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

• Positive Sentiment: Merrill’s wealth-advisor bench gets public recognition, reinforcing BofA’s lead in advisory distribution and brand strength — a steady source of fee revenue and client retention for BAC. 2,314 Merrill Advisors Recognized on the 2026 Forbes List
• Positive Sentiment: BofA Securities (Merrill Lynch Int’l) was appointed a joint corporate broker by Plus500 — a sign of dealflow and fee opportunities in BofA’s investment-banking franchise. Plus500 adds BofA Securities as joint corporate broker
• Positive Sentiment: Local partnership with the Portland Thorns names BofA as the club’s Official Wealth Management Partner — small near-term revenue impact but useful for brand, community outreach and HNW client pipeline. Portland Thorns announce Bank of America as partner
• Neutral Sentiment: Routine regulatory filing — BofA filed its latest 10-Q with the U.K. National Storage Mechanism (procedural update; watch for disclosures but not market-moving by itself). Bank of America Files Latest 10-Q
• Neutral Sentiment: BofA research commentary on topics from Take‑Two’s GTA6 pricing to midterms and tariffs illustrates the bank’s influence on sector views — useful for investors but not an immediate earnings driver for BAC itself. BofA on GTA 6 price point
• Negative Sentiment: BofA’s own market research has been cautionary — the firm warned Wall Street about stretched market internals and highlighted rate uncertainty — commentary that can weigh on bank multiples given sensitivity to interest rates and volatility. Bank of America issues blunt warning to Wall Street
• Negative Sentiment: Reporting and market stories flagged “rate uncertainty” as a drag on financial stocks broadly, a near-term headwind for BAC’s net interest income outlook and investor sentiment. BAC falls as rate uncertainty weighs on financials

Insider Transactions at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the sale, the insider directly owned 170,184 shares in the company, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James P. Demare sold 83,832 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the transaction, the insider directly owned 307,240 shares of the company's stock, valued at approximately $15,362,000. The trade was a 21.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 227,832 shares of company stock valued at $11,094,960. Company insiders own 0.27% of the company's stock.

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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