Quent Long Short Global Small Cap Fund LP Purchases New Stake in Bank of America Corporation $BAC

Key Points

• Quent Long Short Global Small Cap Fund bought a new stake of 38,140 shares in Bank of America (about $2.10 million) during Q4, joining several other funds that boosted positions as institutional investors now own roughly 70.7% of BAC.
• Bank of America reported a Q1 beat (EPS $1.11 vs. $1.00; revenue $30.27B), has seen multiple price-target upgrades and analyst support (average target ~$60.90 with 22 Buys vs. 5 Holds), and declared a quarterly dividend of $0.28/share (2.1% yield) payable June 26.

Quent Long Short Global Small Cap Fund LP purchased a new stake in Bank of America Corporation (NYSE:BAC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 38,140 shares of the financial services provider's stock, valued at approximately $2,098,000.

Other hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC raised its position in Bank of America by 19.7% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 38,860 shares of the financial services provider's stock valued at $2,137,000 after purchasing an additional 6,404 shares during the period. Wingate Wealth Advisors Inc. raised its position in Bank of America by 40.5% in the fourth quarter. Wingate Wealth Advisors Inc. now owns 6,943 shares of the financial services provider's stock valued at $382,000 after purchasing an additional 2,000 shares during the period. waypoint wealth counsel raised its position in Bank of America by 9.9% in the fourth quarter. waypoint wealth counsel now owns 9,602 shares of the financial services provider's stock valued at $528,000 after purchasing an additional 866 shares during the period. B. Metzler seel. Sohn & Co. AG raised its position in Bank of America by 3.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 704,492 shares of the financial services provider's stock valued at $38,755,000 after purchasing an additional 26,573 shares during the period. Finally, Legacy Capital Group California Inc. raised its position in Bank of America by 67.2% in the fourth quarter. Legacy Capital Group California Inc. now owns 37,847 shares of the financial services provider's stock valued at $2,082,000 after purchasing an additional 15,206 shares during the period. Hedge funds and other institutional investors own 70.71% of the company's stock.

Analysts Set New Price Targets

BAC has been the topic of several research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Bank of America in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of America from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, April 16th. Royal Bank Of Canada reiterated an "outperform" rating and set a $59.00 price objective on shares of Bank of America in a research note on Thursday, April 16th. Wells Fargo & Company lifted their price objective on shares of Bank of America from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, January 5th. Finally, The Goldman Sachs Group lifted their price objective 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-two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Bank of America currently has an average rating of "Moderate Buy" and an average target price of $60.90.

Insider Buying and Selling at Bank of America

In other Bank of America news, insider James P. Demare sold 83,832 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider owned 307,240 shares in the company, valued at $15,362,000. This represents a 21.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Bernard A. Mensah sold 94,000 shares of the business's 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 sale, the insider owned 170,184 shares of the company's stock, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 227,832 shares of company stock worth $11,094,960 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Board declared a quarterly cash dividend of $0.28/share, payable June 26 — a direct return of capital that supports investor income and signals capital confidence. Bank of America Declares Second Quarter 2026 Stock Dividends
• Positive Sentiment: Underlying Q1 results remain a tailwind: the bank reported a better-than-expected quarter (strength in NII, fee businesses and controlled expenses), which continues to support earnings expectations and analyst optimism. 5 Insightful Analyst Questions From Bank of America’s Q1 Earnings Call
• Positive Sentiment: Independent analyst support: Jefferies reiterated a Buy and raised its price target after Q1, reflecting confidence in BAC’s earnings momentum and capital returns strategy. Analyst upgrades help underpin demand for the stock. This Is Why Jefferies Believes Bank of America Corporation (BAC) Is a Buy
• Positive Sentiment: Industry tailwind: major U.S. banks are returning record capital via buybacks and dividends in Q1—a supportive backdrop for BAC’s valuation and shareholder returns narrative. America's 8 Biggest Banks Are Returning Record Capital To Shareholders
• Positive Sentiment: Anchoring investor confidence: BAC remains a long-term holding in Warren Buffett’s portfolio, a signal that can reassure long‑term investors about franchise strength. Bank of America (BAC) Remains in Warren Buffett’s Portfolio Since 2011; See Why
• Neutral Sentiment: Corporate social responsibility/brand: BofA awarded 18 international art‑conservation grants, a reputational positive but unlikely to move near‑term stock direction materially. Historic Artworks Receive Funding through BofA's Art Conservation Project™
• Neutral Sentiment: Regulatory/portfolio note: Bank of America reported a transparency notification related to Umicore holdings (3% threshold crossing) — an institutional position disclosure with limited direct impact on BAC’s operating outlook. Umicore - Transparency notification by Bank of America Corporation
• Negative Sentiment: Broader market headwinds: Bank of America research flagged continued outflows from U.S. equities into international markets — sector rotation and risk‑off flows can pressure BAC even with solid fundamentals. Are investors turning bearish on US stocks? BofA flags outflows
• Negative Sentiment: Near-term technical/flow pressure: after the post‑earnings rally, some profit‑taking and below‑average intraday volume have coincided with the pullback — this explains today’s weaker tape despite the company-level positives.

Bank of America Trading Down 1.2%

BAC opened at $52.50 on Friday. The stock has a market capitalization of $375.18 billion, a PE ratio of 13.00, a P/E/G ratio of 0.90 and a beta of 1.23. The firm's fifty day moving average price is $50.34 and its 200 day moving average price is $52.32. 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 12-month low of $38.60 and a 12-month high of $57.55.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $30.27 billion for the quarter, compared to analysts' expectations of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. As a group, research analysts expect that Bank of America Corporation will post 4.44 EPS for the current fiscal year.

Bank of America Dividend Announcement

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

Bank of America Company 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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