691,115 Bank of America Corporation $BAC Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP cut its position in Bank of America Corporation (NYSE:BAC) by 37.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,148,262 shares of the financial services provider’s stock after selling 691,115 shares during the quarter. Cooke & Bieler LP’s holdings in Bank of America were worth $62,500,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new stake in shares of Bank of America during the 3rd quarter worth about $465,000. Fifth Third Securities Inc. bought a new position in Bank of America during the 3rd quarter valued at about $248,000. Bell Bank boosted its position in Bank of America by 1.3% in the third quarter. Bell Bank now owns 20,770 shares of the financial services provider’s stock valued at $1,131,000 after buying an additional 274 shares in the last quarter. Capstone Capital Management Ltd acquired a new position in Bank of America in the third quarter valued at about $218,000. Finally, Benchmark Financial Wealth Advisors LLC boosted its position in Bank of America by 2.6% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 23,071 shares of the financial services provider’s stock valued at $1,256,000 after buying an additional 590 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America Stock Performance

Shares of NYSE:BAC opened at $50.81 on Thursday. The business has a fifty day moving average of $58.24 and a 200-day moving average of $56.78. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. The firm has a market cap of $355.29 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21.

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

Bank of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were paid a $0.32 dividend. This is a boost from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, September 4th. Bank of America’s payout ratio is presently 30.40%.

Bank of America News Roundup

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

• Positive Sentiment: Bank of America declared a quarterly common-stock dividend of $0.32 per share, payable December 24 to shareholders of record on December 4. The continued payout supports the investment case for income-oriented shareholders. Bank of America Declares Fourth Quarter 2026 Stock Dividends
• Positive Sentiment: The bank appointed Jim Fitterling and Bill Thomas to its board, expanding the board from 12 to 14 directors. The additions may strengthen oversight and bring further industrial and corporate leadership experience. Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors
• Neutral Sentiment: Bank of America’s wealth-management franchise remains a diversification benefit: Global Wealth and Investment Management generated approximately $1.41 billion in second-quarter net income, or about 16% of company earnings. Bank of America Wealth Business
• Negative Sentiment: Multiple law firms announced or promoted securities-fraud investigations and class actions tied to alleged disclosures surrounding Bank of America’s anti-money-laundering compliance issues and a reported $1.2 billion Treasury penalty. The repeated announcements increase reputational and potential litigation risk, although the allegations have not been proven. Lead-plaintiff motions are due December 15, 2026. ROSEN Bank of America Securities Class Action
• Negative Sentiment: The latest reported quarter also fell slightly short of expectations, with earnings of $1.08 per share versus a $1.10 consensus and revenue of $29.96 billion versus $30.58 billion. That performance may limit near-term enthusiasm despite year-over-year revenue growth.

Analyst Ratings Changes

Several research firms have recently weighed in on BAC. Evercore set a $62.00 price objective on shares of Bank of America in a report on Thursday, October 1st. Barclays cut their target price on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Rothschild & Co Redburn set a $72.00 target price on Bank of America in a report on Tuesday, October 6th. Citigroup reduced their target price on Bank of America from $66.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, October 15th. Finally, Argus set a $70.00 price target on Bank of America in a research report on Wednesday, July 15th. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and a consensus target price of $62.82.

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.