Investors bought shares of Bank of America Corp. (NYSE:BAC) on weakness during trading hours on Thursday. $231.59 million flowed into the stock on the tick-up and $129.23 million flowed out of the stock on the tick-down, for a money net flow of $102.36 million into the stock. Of all companies tracked, Bank of America Corp. had the 4th highest net in-flow for the day. Bank of America Corp. traded down ($0.13) for the day and closed at $14.27

A number of research firms have recently weighed in on BAC. Vetr lowered shares of Bank of America Corp. from a “buy” rating to a “hold” rating and set a $15.63 price objective for the company. in a research report on Monday, April 25th. Raymond James Financial Inc. reissued an “outperform” rating on shares of Bank of America Corp. in a research report on Friday, June 3rd. TheStreet raised shares of Bank of America Corp. to a “buy” rating in a research report on Thursday, May 26th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $17.00 price objective on shares of Bank of America Corp. in a research report on Tuesday, April 19th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Bank of America Corp. in a research report on Saturday, June 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $17.30.

The company has a market cap of $150.07 billion and a PE ratio of 11.22. The company’s 50-day moving average price is $13.60 and its 200-day moving average price is $13.75.

Bank of America Corp. (NYSE:BAC) last posted its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company earned $20.60 million during the quarter, compared to analysts’ expectations of $20.41 billion. Bank of America Corp.’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. Analysts predict that Bank of America Corp. will post $1.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 3rd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Wednesday, June 1st.

Several hedge funds recently bought and sold shares of BAC. Cibc World Markets Corp bought a new stake in Bank of America Corp. during the fourth quarter worth about $69,933,000. Baxter Bros Inc. raised its stake in Bank of America Corp. by 32.4% in the fourth quarter. Baxter Bros Inc. now owns 91,379 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 22,377 shares during the period. BOKF NA raised its stake in Bank of America Corp. by 1.2% in the fourth quarter. BOKF NA now owns 338,845 shares of the financial services provider’s stock worth $5,703,000 after buying an additional 3,978 shares during the period. Victory Capital Management Inc. raised its stake in Bank of America Corp. by 4.7% in the fourth quarter. Victory Capital Management Inc. now owns 5,877,987 shares of the financial services provider’s stock worth $98,927,000 after buying an additional 265,186 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in Bank of America Corp. by 4.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 1,534,841 shares of the financial services provider’s stock worth $25,831,000 after buying an additional 63,115 shares during the period.

Bank of America Corporation is a bank holding and financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with various banking, investing, asset management and other financial and risk management products and services.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.