Crestwood Advisors Group LLC Raises Stock Position in Bank of America Corporation $BAC

Crestwood Advisors Group LLC boosted its position in shares of Bank of America Corporation (NYSE:BAC) by 55.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 759,622 shares of the financial services provider’s stock after purchasing an additional 272,071 shares during the period. Crestwood Advisors Group LLC’s holdings in Bank of America were worth $41,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BAC. Brighton Jones LLC raised its stake in shares of Bank of America by 30.0% in the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after acquiring an additional 25,143 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Bank of America by 40.5% in the 2nd 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 raised its stake in shares of Bank of America by 38.4% in the 2nd quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider’s stock valued at $3,108,000 after acquiring an additional 18,227 shares during the period. Nebula Research & Development LLC purchased a new stake in shares of Bank of America in the 2nd quarter valued at approximately $1,396,000. Finally, Vivaldi Capital Management LP raised its stake in shares of Bank of America by 4.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 355 shares during the period. 70.71% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: BofA received an analyst boost when UBS raised its price target on BAC, signaling upside from the Street and supporting investor confidence. UBS Raises PT
• Positive Sentiment: Bank of America is expanding its role in defense financing and supporting domestic drone/robotics production via its GovCon unit — this can drive new lending and advisory fees as federal defense demand grows. Defense Financing
• Positive Sentiment: Acted as lead lender on a $1.8 billion refinance for 9 West 57th Street — a sizable commercial real-estate financing that generates loan revenue and reinforces BofA’s commercial banking pipeline. 9 West 57th Refinance
• Neutral Sentiment: Shareholder votes at the 2026 annual meeting kept leadership and governance largely unchanged — reduces near-term corporate governance uncertainty but is unlikely to move the stock materially. Shareholder Vote
• Neutral Sentiment: BofA-hosted conferences and client events (e.g., Industrials conference participation by clients, Breakthrough Technology Dialogue) underline franchise strength and deal flow but are informational rather than immediate stock drivers. Conference Participation
• Negative Sentiment: Insider selling: Geoffrey S. Greener sold ~126,756 shares (~$6.7M) in early May, trimming his stake — such high?profile insider sales can sap sentiment even if not tied to company fundamentals. Insider Sale
• Negative Sentiment: Related-party selling pressure: reports indicate Berkshire Hathaway’s successor Greg Abel continued to trim BAC for a seventh consecutive quarter — fueling narrative of reduced long?term buying from a major holder. Greg Abel Sells

Insider Activity at Bank of America

In other news, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the completion of the transaction, the insider owned 307,240 shares in the company, valued at approximately $15,362,000. This represents a 21.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction 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. The trade was a 8.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 354,588 shares of company stock worth $17,814,296. Corporate insiders own 0.27% of the company’s stock.

Bank of America Trading Down 1.7%

NYSE BAC opened at $52.71 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18. Bank of America Corporation has a 52 week low of $41.25 and a 52 week high of $57.55. The stock has a market capitalization of $374.04 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.91 and a beta of 1.21. The firm has a 50 day moving average of $50.44 and a two-hundred day moving average of $52.51.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate 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 company had revenue of $30.27 billion during the quarter, compared to analysts’ expectations of $29.72 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, research analysts expect that Bank of America Corporation will post 4.46 EPS for the current fiscal year.

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued 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 dividend payout ratio is presently 27.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Daiwa Securities Group boosted their price target on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. reduced their price target on shares of Bank of America from $61.50 to $57.50 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. TD Cowen reduced their price target on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Oppenheimer boosted their price target on shares of Bank of America from $58.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. 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 report on Thursday, April 16th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.06.

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.