Insider Selling: Bank of America (NYSE:BAC) Insider Sells 94,000 Shares of Stock

Key Points

• Insider sale: Bank of America insider Bernard Mensah sold 94,000 shares on March 12 at an average price of $46.94 for proceeds of about $4.41 million, reducing his stake by 35.6% to 170,184 shares.
• Dividend announced: The firm declared a quarterly dividend of $0.28 per share (annualized $1.12), with an ex-dividend/record date of March 6 and payment on March 27, implying a yield of roughly 2.4%.
• Market and analyst context: BAC shares traded down ~0.9% to $46.72 on heavy volume; Wall Street is broadly constructive with a consensus "Moderate Buy" and an average price target near $60.30, though sector headwinds and recent large-share selling have pressured sentiment.

Bank of America Corporation (NYSE:BAC) insider Bernard Mensah sold 94,000 shares of Bank of America 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 completion of the sale, the insider owned 170,184 shares of the company's stock, valued at $7,988,436.96. This represents a 35.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bank of America Stock Down 0.9%

Shares of BAC traded down $0.41 during trading hours on Friday, hitting $46.72. The stock had a trading volume of 45,421,463 shares, compared to its average volume of 43,980,116. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The firm has a market capitalization of $335.32 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.28. The firm has a 50 day simple moving average of $52.70 and a 200-day simple moving average of $52.47. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. The company's quarterly revenue was up 12.3% on a year-over-year basis. Sell-side analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, March 6th. Bank of America's payout ratio is 29.24%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BAC. Abound Financial LLC purchased a new stake in Bank of America in the fourth quarter worth $26,000. Wiser Advisor Group LLC bought a new stake in shares of Bank of America in the third quarter valued at $27,000. Steph & Co. lifted its position in shares of Bank of America by 224.3% during the 3rd 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. Legacy Bridge LLC grew its stake in shares of Bank of America by 182.3% during the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider's stock worth $28,000 after acquiring an additional 330 shares during the period. Finally, Marquette Asset Management LLC purchased a new stake in Bank of America in the 3rd quarter worth about $30,000. 70.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BAC has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Bank of America from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Royal Bank Of Canada raised their price target on shares of Bank of America from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, December 12th. Daiwa Securities Group decreased their price objective on Bank of America from $66.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, January 27th. Evercore set a $59.00 price objective on Bank of America in a research note on Thursday, January 15th. Finally, CICC Research started coverage on Bank of America in a report on Wednesday, January 14th. They issued an "outperform" rating and a $62.00 target price on the stock. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Bank of America currently has an average rating of "Moderate Buy" and an average price target of $60.30.

More Bank of America News

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

• Positive Sentiment: Wall Street remains broadly constructive on BAC with multiple buy/outperform ratings and a median price target near $62 — a reminder of upside potential if macro conditions stabilize. Bank of America Receives Average Recommendation of "Moderate Buy"
• Positive Sentiment: Brand and community initiatives (e.g., the Bank of America Chicago Marathon) and ongoing product partnerships support franchise value and client engagement over the long term. 2025 Bank of America Chicago Marathon Pumps Record $756 Million into Chicago Economy
• Neutral Sentiment: The Board announced scheduled preferred-stock dividend payments for April/May — routine cash flows for preferred holders that don’t materially change common-share economics. Bank of America Declares Preferred Stock Dividends Payable in April and May 2026
• Neutral Sentiment: New product/partnership news such as the Zelle DAF disbursement capability is strategically positive but unlikely to move the stock near-term; it’s an execution/UX improvement more relevant to retail client metrics. Zelle® and Bank of America Partner to Accelerate Delivery of Charitable Donations to Nonprofits
• Negative Sentiment: Bank of America strategist Michael Hartnett warned that market behavior looks “ominously close” to 2008, citing oil spikes and private-credit concerns — comments that can amplify risk-off flows into banks and hit sentiment across the sector. Stock Market Behavior is ‘Ominously Close’ to 2008, Warns BofA’s Hartnett
• Negative Sentiment: High-profile selling: reports show Berkshire (and Buffett-related filings) trimmed its BAC stake substantially, and headline coverage of Buffett selling roughly half his position has created fresh negative pressure and media attention. Large shareholder exits weigh on short-term sentiment. Warren Buffett Wrapped Up His Illustrious Investing Career by Selling 50% of His Bank of America Stake and Piling Around $1.2 Billion Into This Scorching-Hot Oil Stock
• Negative Sentiment: Sector-wide pressure from renewed rate volatility, heavy Treasury issuance and lingering regulatory/capital buffer concerns has driven a bank selloff; BAC’s sensitivity to net interest income assumptions and recent insider/institutional sales magnify downside when investors rotate out of financials. Bank of America falls as rate volatility and sector-wide risk-off sentiment pressure bank shares

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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