Traders purchased shares of Bank of America Corp. (NYSE:BAC) on weakness during trading on Friday. $181.00 million flowed into the stock on the tick-up and $123.32 million flowed out of the stock on the tick-down, for a money net flow of $57.68 million into the stock. Of all stocks tracked, Bank of America Corp. had the 15th highest net in-flow for the day. Bank of America Corp. traded down ($0.19) for the day and closed at $14.49

Several brokerages recently weighed in on BAC. Robert W. Baird restated a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Morgan Stanley restated a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. BMO Capital Markets restated a “hold” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Finally, Barclays PLC restated 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 issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $17.30.

The company has a 50 day moving average price of $13.61 and a 200 day moving average price of $13.70. The firm has a market cap of $152.38 billion and a price-to-earnings ratio of 12.17.

Bank of America Corp. (NYSE:BAC) last announced its earnings results on Monday, July 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm earned $20.60 million during the quarter, compared to the consensus estimate of $20.41 billion. During the same period in the prior year, the company posted $0.45 EPS. The firm’s revenue was down 7.2% on a year-over-year basis. Equities research analysts anticipate that Bank of America Corp. will post $1.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.07%. This is a boost from Bank of America Corp.’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, August 31st.

Other hedge funds recently bought and sold shares of the company. Parsons Capital Management Inc. RI increased its stake in Bank of America Corp. by 8.7% in the fourth quarter. Parsons Capital Management Inc. RI now owns 59,757 shares of the financial services provider’s stock valued at $1,006,000 after buying an additional 4,800 shares during the last quarter. Brighton Jones LLC increased its stake in Bank of America Corp. by 11.2% in the fourth quarter. Brighton Jones LLC now owns 63,794 shares of the financial services provider’s stock valued at $1,074,000 after buying an additional 6,412 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in Bank of America Corp. by 10.9% in the fourth quarter. Meridian Investment Counsel Inc. now owns 70,410 shares of the financial services provider’s stock valued at $1,185,000 after buying an additional 6,905 shares during the last quarter. Columbia Asset Management increased its stake in Bank of America Corp. by 0.9% in the fourth quarter. Columbia Asset Management now owns 71,118 shares of the financial services provider’s stock valued at $1,196,000 after buying an additional 603 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Bank of America Corp. by 8.6% in the fourth quarter. Advisors Asset Management Inc. now owns 74,452 shares of the financial services provider’s stock valued at $1,253,000 after buying an additional 5,922 shares during the last quarter.

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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