Investors purchased shares of Bank of America Corp. (NYSE:BAC) on weakness during trading hours on Monday. $143.91 million flowed into the stock on the tick-up and $122.62 million flowed out of the stock on the tick-down, for a money net flow of $21.29 million into the stock. Of all equities tracked, Bank of America Corp. had the 19th highest net in-flow for the day. Bank of America Corp. traded down ($0.16) for the day and closed at $14.33

Several equities research analysts have commented on the stock. FBR & Co reiterated a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. BMO Capital Markets reiterated a “hold” 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. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Finally, Barclays PLC reiterated a “hold” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company. Bank of America Corp. presently has a consensus rating of “Buy” and an average price target of $17.30.

The company’s 50-day moving average price is $13.63 and its 200 day moving average price is $13.67. The stock has a market capitalization of $150.70 billion and a price-to-earnings ratio of 12.03.

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 for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The company earned $20.60 million during the quarter, compared to the consensus estimate of $20.41 billion. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities research analysts predict that Bank of America Corp. will post $1.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd will be paid a $0.075 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.30 dividend on an annualized basis and a yield of 2.09%. This is a positive change from Bank of America Corp.’s previous quarterly dividend of $0.05.

Other hedge funds and institutional investors recently bought and sold shares of the company. Cibc World Markets Corp bought a new position in Bank of America Corp. during the fourth quarter worth $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 worth $1,538,000 after buying an additional 22,377 shares in the last quarter. 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 worth $5,703,000 after buying an additional 3,978 shares in the last quarter. 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 worth $98,927,000 after buying an additional 265,186 shares in the last quarter. 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 worth $25,831,000 after buying an additional 63,115 shares in 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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