YHB Investment Advisors Inc. Buys 82,170 Shares of Bank of America Corporation $BAC

YHB Investment Advisors Inc. boosted its position in Bank of America Corporation (NYSE:BAC) by 580.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,317 shares of the financial services provider’s stock after buying an additional 82,170 shares during the period. YHB Investment Advisors Inc.’s holdings in Bank of America were worth $5,243,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. acquired a new stake in Bank of America in the second quarter valued at $25,000. Abound Financial LLC purchased a new position in Bank of America in the fourth quarter valued at about $26,000. Cherry Tree Wealth Management LLC boosted its position in Bank of America by 167.6% during the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Principia Wealth Advisory LLC grew its holdings in Bank of America by 69.9% in the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 218 shares during the last quarter. Finally, Vermillion Wealth Management Inc. increased its position in shares of Bank of America by 199.1% in the first quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock valued at $32,000 after buying an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Trading Down 0.9%

Shares of NYSE BAC traded down $0.48 on Thursday, reaching $53.04. 32,713,084 shares of the company traded hands, compared to its average volume of 37,106,617. The stock has a market capitalization of $370.90 billion, a PE ratio of 12.18, a P/E/G ratio of 0.87 and a beta of 1.21. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average of $60.41 and a 200 day moving average of $56.49.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. The business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The business’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. On average, equities research analysts forecast that Bank of America Corporation will post 4.61 earnings per share for the current fiscal year.

Bank of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, September 4th. This is an increase from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio (DPR) is presently 29.36%.

Bank of America News Summary

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

• Positive Sentiment: Analysts see potential net-interest-income upside. A recent rating upgrade argues that a Federal Reserve policy shift could improve Bank of America’s net interest income, supporting earnings prospects. Bank of America: Fed Policy Shift Creates NII Upside
• Positive Sentiment: UBS maintained its buy rating. Continued bullish coverage provides support for the stock, although the current market reaction suggests investors remain focused on near-term rate and earnings risks. UBS Keeps Their Buy Rating on Bank of America
• Positive Sentiment: TD Cowen began coverage with a $60 price target. Although its rating is “hold,” the target implies meaningful upside from recent trading levels and indicates valuation support.
• Positive Sentiment: Bank of America continues investing in technology and artificial intelligence. Management described efforts to use AI to personalize customer experiences and improve banking operations, which could support long-term efficiency and client growth. How Bank of America is using AI to reinvent the customer experience
• Neutral Sentiment: Investors are awaiting upcoming earnings. Bank of America is expected to report results Wednesday, making guidance on loan growth, deposit costs, trading revenue, and net interest income the next major catalyst. Bank of America Expected to Announce Earnings
• Neutral Sentiment: BofA raised its Marvell price target and highlighted strong demand for AI infrastructure, while also forecasting trillion-dollar Big Tech capital spending. These reports showcase BofA’s research franchise but could increase investor concern about stretched technology valuations and AI-spending returns. Marvell price target raised by Bank of America
• Neutral Sentiment: Bank of America increased its reported stake in Turkey’s ICU Venture Capital Trust to 3.6% and reduced its position in Gentas through Merrill Lynch. These appear to be portfolio or client-trading disclosures with limited direct earnings impact.
• Negative Sentiment: Merrill Lynch agreed to a $39 million cash-sweep settlement. The payment creates a regulatory and reputational overhang, even though the amount is modest relative to Bank of America’s size. Bank of America Agrees $39 Million Merrill Cash Sweep Settlement
• Negative Sentiment: Rate and market risks remain concerns. BofA strategists said bonds are competing more effectively with stocks as yields rise, while other strategists recommended hedging against a potential technology bubble. Higher yields and risk aversion can weigh on bank valuations and trading sentiment. BofA’s Subramanian says bonds in rare competition with stocks

Analyst Ratings Changes

BAC has been the topic of several recent research reports. Evercore set a $62.00 price objective on shares of Bank of America in a research report on Thursday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Citigroup raised their price objective on shares of Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company lifted their price objective on Bank of America from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Barclays increased their target price on Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Nineteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Bank of America has an average rating of “Moderate Buy” and a consensus target price of $64.22.

Bank of America Company Profile

Bank of America Corporation (NYSE:BAC) is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.

Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice.