Traders purchased 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 stocks 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 equities analysts have recently weighed in on the company. Barclays PLC reaffirmed a “hold” rating on shares of Bank of America Corp. in a research note on Sunday, April 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Bank of America Corp. in a research note on Saturday, April 9th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Morgan Stanley reiterated a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $17.30.

The stock has a market capitalization of $151.23 billion and a P/E ratio of 12.07. The stock has a 50-day moving average price of $13.59 and a 200 day moving average price of $13.74.

Bank of America Corp. (NYSE:BAC) last posted its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The business earned $20.60 million during the quarter, compared to analyst estimates of $20.41 billion. During the same quarter last year, the firm earned $0.45 EPS. The business’s revenue was down 7.2% on a year-over-year basis. Equities research analysts forecast that Bank of America Corp. will post $1.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 3rd were paid a $0.05 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $0.20 annualized dividend and a dividend yield of 1.39%.

Several institutional investors have bought and sold shares of the company. Cibc World Markets Corp acquired a new position in Bank of America Corp. during the fourth quarter valued at approximately $69,933,000. Baxter Bros Inc. increased its position 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 valued at $1,538,000 after buying an additional 22,377 shares during the period. BOKF NA increased its position 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 valued at $5,703,000 after buying an additional 3,978 shares during the period. Victory Capital Management Inc. increased its position 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 valued at $98,927,000 after buying an additional 265,186 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position 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 valued at $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.

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