Bokf Na Reduces Holdings in Bank of America Corporation $BAC

Bokf Na lowered its position in Bank of America Corporation (NYSE:BAC) by 5.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 279,911 shares of the financial services provider’s stock after selling 16,686 shares during the quarter. Bokf Na’s holdings in Bank of America were worth $14,441,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Steph & Co. lifted its stake in shares of Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 379 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in Bank of America during the 3rd quarter valued at approximately $30,000. Collier Financial acquired a new stake in Bank of America during the 3rd quarter valued at approximately $30,000. Mountain Hill Investment Partners Corp. acquired a new stake in Bank of America during the 3rd quarter valued at approximately $31,000. Finally, Wealth Preservation Advisors LLC increased its holdings in Bank of America by 48.7% during the 2nd quarter. Wealth Preservation Advisors LLC now owns 681 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 223 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BAC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their target price on Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Erste Group Bank downgraded shares of Bank of America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group upped their price target on shares of Bank of America from $65.00 to $67.00 and gave the company a “buy” rating in a report on Monday, January 26th. Truist Financial reduced their price objective on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Bank of America has an average rating of “Moderate Buy” and a consensus price target of $60.30.

Key Stories Impacting Bank of America

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

• Positive Sentiment: BofA expects higher net interest income (about +7%) and ~10% growth in investment banking fees for Q1, which supports earnings upside from core banking and capital markets. BofA expects rising interest income, investment banking fees in first quarter
• Positive Sentiment: Analysts note fee-income tailwinds from stronger capital‑markets momentum (IB, trading, wealth), which should lift non‑interest revenue in Q1. BAC’s Fee Income to Benefit From Solid Q1 Capital Markets Performance
• Positive Sentiment: Management commentary and memos indicate strong trading revenue and heightened client engagement in Q1, reinforcing the view of improved market‑driven revenue streams. Bank of America sees strong trading revenue in Q1, co-president says
• Positive Sentiment: Digital and AI initiatives are expanding client interactions and platform usage (Zelle, Erica, CashPro), which supports cross‑sell, lower cost-to-serve, and long‑term revenue growth. BofA AI and Digital Innovations Fuel 30 Billion Client Interactions
• Positive Sentiment: BofA is bolstering its tech and M&A capabilities by hiring senior tech bankers, aimed at capturing deal activity in a competitive segment. Bank of America poaches four top tech bankers to boost tech dealmaking, memos show
• Neutral Sentiment: BofA presented at the RBC Global Financial Institutions conference — useful detail for modeling but no new guidance; transcript provides management color. Bank of America Corporation (BAC) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript
• Neutral Sentiment: Regulatory transparency disclosures show BofA holdings in several non‑bank names (Galapagos, Qiagen, Umicore) — operationally immaterial to BAC but noted by markets. Qiagen discloses Bank of America’s 3.05% stake following AFM notification
• Negative Sentiment: Shares have slid materially year‑to‑date (~13% YTD in recent coverage), raising valuation and sentiment concerns that can amplify downside on broader market weakness. Bank of America Stock Slides 12.9% YTD: Time to Buy the Dip or Wait?
• Negative Sentiment: Macro risk commentary (Korea bubble, geopolitical/market risk) from BofA strategists can pressure investor risk appetite and weigh on bank multiples despite solid company fundamentals. Korea stock-market action was ‘textbook bubble,’ say Bank of America strategists

Insider Transactions at Bank of America

In other news, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the transaction, the insider directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction dated 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 $15,362,000. This trade represents a 21.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

Bank of America Price Performance

Shares of BAC opened at $48.50 on Thursday. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm has a market cap of $348.05 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.18 and a beta of 1.28. The stock has a 50 day moving average of $52.86 and a 200-day moving average of $52.51.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company posted $0.82 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. As a group, analysts forecast that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio is 29.24%.

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.