Investors bought shares of Bank of America Corp. (NYSE:BAC) on weakness during trading on Wednesday. $263.70 million flowed into the stock on the tick-up and $184.92 million flowed out of the stock on the tick-down, for a money net flow of $78.78 million into the stock. Of all equities tracked, Bank of America Corp. had the 3rd highest net in-flow for the day. Bank of America Corp. traded down ($0.02) for the day and closed at $15.15

A number of equities analysts have commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Bank of America Corp. in a research report on Tuesday. Vetr cut 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. Jefferies Group reaffirmed a “buy” rating on shares of Bank of America Corp. in a research report on Tuesday. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of Bank of America Corp. in a research report on Friday, June 3rd. Finally, TheStreet raised shares of Bank of America Corp. to a “buy” rating in a research report on Thursday, May 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $17.30.

The firm has a market cap of $159.32 billion and a PE ratio of 12.70. The stock’s 50-day moving average is $14.16 and its 200 day moving average is $13.78.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This is a boost from Bank of America Corp.’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 1.98%.

In other news, Director Thomas D. Woods acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were bought at an average cost of $14.13 per share, with a total value of $353,250.00. Following the acquisition, the director now owns 32,459 shares in the company, valued at approximately $458,645.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Other institutional investors have recently made changes to their positions in the company. Cibc World Markets Corp purchased a new position in shares of Bank of America Corp. during the fourth quarter worth $69,933,000. Snow Capital Management LP boosted its position in shares of Bank of America Corp. by 142.1% in the fourth quarter. Snow Capital Management LP now owns 3,140,470 shares of the financial services provider’s stock worth $52,854,000 after buying an additional 1,843,161 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Bank of America Corp. by 5.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 29,935,015 shares of the financial services provider’s stock worth $503,807,000 after buying an additional 1,444,139 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Bank of America Corp. by 8.5% in the fourth quarter. Schroder Investment Management Group now owns 13,173,174 shares of the financial services provider’s stock worth $221,704,000 after buying an additional 1,029,955 shares in the last quarter. Finally, Ashburton Jersey Ltd purchased a new position in shares of Bank of America Corp. during the fourth quarter worth $14,918,000.

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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