North Dallas Bank & Trust Co. Makes New Investment in Bank of America Corporation $BAC

North Dallas Bank & Trust Co. purchased a new position in shares of Bank of America Corporation (NYSE:BAC) in the fourth quarter, HoldingsChannel reports. The fund purchased 39,316 shares of the financial services provider’s stock, valued at approximately $2,162,000. Bank of America comprises 1.4% of North Dallas Bank & Trust Co.’s portfolio, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Bank of America by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after acquiring an additional 23,351,183 shares during the period. Capital World Investors lifted its holdings in shares of Bank of America by 11.0% in the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after buying an additional 14,275,810 shares during the period. Norges Bank acquired a new position in shares of Bank of America in the 4th quarter valued at about $4,774,210,000. Bank of New York Mellon Corp lifted its holdings in shares of Bank of America by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 57,619,317 shares of the financial services provider’s stock valued at $3,169,062,000 after buying an additional 2,929,779 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Bank of America by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider’s stock valued at $2,958,110,000 after buying an additional 1,105,833 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Insider Activity at Bank of America

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the completion of the sale, the insider directly owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. The trade was a 8.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value 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. This trade represents a 35.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by insiders.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Bank of America said demand is rising for AI-led treasury, FX, trade and payments solutions in Asia Pacific, highlighting stronger client interest in higher-value digital banking services that could support fee growth. Bank of America Highlights Surging Demand for AI-Led Treasury, Fx Solutions in Asia Pacific
• Positive Sentiment: Co-President Jim DeMare said Bank of America’s trading revenue could exceed the firm’s 15% growth outlook for the second quarter, driven by strength in equities trading. Bank of America could exceed 15% market revenue growth in Q2
• Positive Sentiment: Bank of America also unveiled new payment initiatives, including a cross-border real-time payments service and participation in a tokenized deposit network, which reinforce its push into modern digital finance. Bank of America’s Real-Time Payments and Tokenized Deposits Push Could Be A Game Changer For BAC
• Positive Sentiment: The company is also using high-profile brand activity, including FIFA World Cup 2026 fan promotions, to boost visibility and consumer engagement. BofA Kicks Off FIFA World Cup 2026™ With 2 Million Free Fan Bands and Fan Experiences Nationwide
• Neutral Sentiment: Several headlines focused on Bank of America’s market commentary, including warnings about recession risk and “bear market signposts,” which may reflect a cautious macro view but do not directly change BAC’s operating results. BofA warns investors to take profits as 70% of the bank’s bear market signals flash red

Bank of America Price Performance

Shares of Bank of America stock opened at $54.36 on Wednesday. Bank of America Corporation has a twelve month low of $43.66 and a twelve month high of $57.55. The business has a 50-day moving average price of $51.88 and a 200 day moving average price of $52.34. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18. The firm has a market cap of $385.75 billion, a PE ratio of 13.45, a P/E/G ratio of 0.91 and a beta of 1.18.

Bank of America (NYSE:BAC) last posted its quarterly earnings data 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 return on equity of 11.49% and a net margin of 16.78%.The company had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. During the same period in the previous year, the business earned $0.90 EPS. Bank of America’s quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts predict that Bank of America Corporation will post 4.45 earnings per share 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. This represents a $1.12 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, June 5th. Bank of America’s payout ratio is 27.72%.

Wall Street Analysts Forecast Growth

BAC has been the subject of several analyst reports. HSBC boosted their price objective on Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Jefferies Financial Group boosted their price objective on Bank of America from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Keefe, Bruyette & Woods boosted their price objective on Bank of America from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Morgan Stanley decreased their price objective on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, Autonomous Res decreased their price objective on Bank of America from $62.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Bank of America 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.