Oak Thistle LLC Makes New $2.27 Million Investment in Bank of America Corporation $BAC

Oak Thistle LLC bought a new position in Bank of America Corporation (NYSE:BAC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 41,329 shares of the financial services provider’s stock, valued at approximately $2,273,000.

A number of other hedge funds have also bought and sold shares of the business. AK Global Asset Management LLC purchased a new position in Bank of America in the 4th quarter worth about $819,000. BIP Wealth LLC raised its position in Bank of America by 45.8% in the 4th quarter. BIP Wealth LLC now owns 34,203 shares of the financial services provider’s stock worth $1,881,000 after buying an additional 10,751 shares during the last quarter. Culbertson A N & Co. Inc. raised its position in Bank of America by 5.3% in the 4th quarter. Culbertson A N & Co. Inc. now owns 83,032 shares of the financial services provider’s stock worth $4,567,000 after buying an additional 4,180 shares during the last quarter. Perfromance Wealth Partners LLC raised its position in Bank of America by 36.3% in the 4th quarter. Perfromance Wealth Partners LLC now owns 55,373 shares of the financial services provider’s stock worth $3,045,000 after buying an additional 14,757 shares during the last quarter. Finally, Asio Capital LLC raised its position in Bank of America by 5.7% in the 4th quarter. Asio Capital LLC now owns 105,099 shares of the financial services provider’s stock worth $5,780,000 after buying an additional 5,649 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Insider Activity at Bank of America

In related news, insider Thomas M. Scrivener sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the transaction, the insider directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James P. Demare sold 83,832 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. This trade represents a 21.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 227,832 shares of company stock worth $11,094,960. 0.27% of the stock is owned by company insiders.

Bank of America Trading Up 0.4%

Shares of NYSE:BAC opened at $50.26 on Wednesday. The stock has a 50 day moving average of $50.61 and a 200 day moving average of $52.19. The company has a market cap of $359.15 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. As a group, equities research analysts expect that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. Bank of America’s payout ratio is 29.24%.

Wall Street Analysts Forecast Growth

BAC has been the subject of a number of recent analyst reports. Truist Financial decreased their target price on Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Erste Group Bank downgraded Bank of America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Argus boosted their price target on Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Keefe, Bruyette & Woods cut their price target on Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Finally, Jefferies Financial Group began coverage on Bank of America in a research note on Thursday, March 26th. They set a “buy” rating and a $60.00 price target for the company. Twenty-three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $58.90.

More Bank of America News

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

• Positive Sentiment: Goldman Sachs raised its price target to $58 and kept a buy view, supporting upside thesis from an influential sell‑side shop. Goldman Sachs raises PT to $58
• Positive Sentiment: Evercore ISI reiterated a buy/on positive stance (separate note also trimmed its PT — see negatives) — continued institutional buy ratings give credibility to longer‑term upside. Evercore ISI sticks to buy
• Positive Sentiment: Operational/consumer wins: Bank of America was named the No.1 nonprofit OCIO provider (PR) and expanded card partnerships via a Royal Caribbean tri‑branded Visa program — both support fee income and card spend over time. BofA named No.1 nonprofit OCIO provider Royal Caribbean tri‑branded cards with BofA
• Neutral Sentiment: Analysts and commentators expect broadly in‑line to slightly better Q1 results across major US banks, per BofA research — supportive for relative performance but leaves stock sensitive to actual Q1 prints. US banks set to deliver solid Q1 results (BofA research)
• Neutral Sentiment: Company/market commentary and previews (Seeking Alpha, Zacks) highlight BAC’s long‑term case but note near‑term sensitivity to rates and whether earnings can stabilize — a watch‑and‑wait backdrop into earnings. Earnings: pivotal report for 2026 expectations
• Negative Sentiment: Several sell‑side firms trimmed price targets recently (JPMorgan to $57.50, Daiwa to $58, Evercore to $55, Autonomous to $54, Truist to $57) or moved to more conservative stances — these cuts signal valuation concerns and cap near‑term upside. JPMorgan trims PT to $57.50
• Negative Sentiment: Macro/earnings sensitivity: analysts highlight that the rate tailwind that boosted NII is fading — if net interest income growth slows, earnings could disappoint versus current expectations. More priced in than left to price (Seeking Alpha)
• Negative Sentiment: Standalone bearish/neutral research headlines (Autonomous, Evercore pessimistic forecasts in summary feeds) amplify cautious sentiment and likely weigh on short‑term momentum. Autonomous issues pessimistic forecast Evercore issues pessimistic forecast

Bank of America 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.