S Bank Fund Management Ltd Has $15.67 Million Stake in Bank of America Corporation $BAC

S Bank Fund Management Ltd grew its position in shares of Bank of America Corporation (NYSE:BAC) by 7.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 303,790 shares of the financial services provider’s stock after buying an additional 19,898 shares during the quarter. Bank of America accounts for approximately 2.1% of S Bank Fund Management Ltd’s investment portfolio, making the stock its 10th largest holding. S Bank Fund Management Ltd’s holdings in Bank of America were worth $15,673,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BAC. New Republic Capital LLC grew its holdings in shares of Bank of America by 3.5% during the third quarter. New Republic Capital LLC now owns 11,279 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 381 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Bank of America by 3.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 234,890 shares of the financial services provider’s stock worth $12,118,000 after acquiring an additional 7,722 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Bank of America by 5.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,438,466 shares of the financial services provider’s stock valued at $899,650,000 after acquiring an additional 875,514 shares in the last quarter. First Horizon Corp bought a new position in shares of Bank of America in the third quarter worth about $1,557,000. Finally, Vicus Capital lifted its position in shares of Bank of America by 4.5% during the third quarter. Vicus Capital now owns 9,096 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 390 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Bank of America Stock Performance

Shares of NYSE:BAC opened at $55.16 on Tuesday. The firm’s 50 day simple moving average is $54.17 and its 200 day simple moving average is $51.09. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The company has a market capitalization of $402.82 billion, a price-to-earnings ratio of 15.03 and a beta of 1.29. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, October 15th. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.93 by $0.13. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $27.05 billion. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. As a group, sell-side analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, December 5th. This represents a $1.12 annualized dividend and a yield of 2.0%. Bank of America’s payout ratio is currently 30.52%.

More Bank of America News

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: Large drop in short interest reduces near-term bearish pressure — Short interest fell ~21.2% to ~90.6M shares as of Dec. 31, lowering the short-interest ratio to about 2.7 days (≈1.2% of shares sold short). That reduced short positioning can dampen downside volatility and is supportive for the share price.
• Positive Sentiment: BofA research highlights a big bond-market opportunity — Bank of America published analysis saying AI-enabled bond sales could reach ~$300B/year, which would support fixed-income trading and underwriting revenue over time and is a constructive structural tailwind for the bank’s markets businesses. AI Bond Sales Could Hit $300 Billion a Year, Bank of America Says
• Positive Sentiment: Analyst focus ahead of Q4 earnings — Multiple recent previews and analyst notes note positive trading, stable net interest income and better investment-banking fees heading into BAC’s Q4 print, which supports expectations for an earnings beat or constructive guidance. Bank of America Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: Ongoing BofA research activity — The firm’s research team is active with reiterated ratings and coverage notes across many companies (healthcare, tech, consumer names). This showcases the bank’s research reach but is not directly material to BAC’s fundamentals. Option Care Health: Resilient Core Growth…
• Neutral Sentiment: International political/legal developments unrelated to BAC — e.g., Lebanon’s former central bank governor case being sent to the top court is notable geopolitically but has negligible direct impact on BAC’s U.S.-focused businesses. Lebanon ex-central bank chief’s corruption case being sent to top court, officials say
• Negative Sentiment: Proposed 10% cap on credit-card rates is driving sector pain and regulatory risk — President Trump’s proposal to cap credit-card APRs at 10% triggered broad selling across bank stocks and prompted industry warnings about credit access and margin impact; regulatory/tax-policy headlines like this increase earnings uncertainty for card and consumer-lending portfolios at BAC. Banks warn consumers will be hurt by Trump’s 10% cap on credit card interest rates
• Negative Sentiment: Immediate market reaction to rate-cap headlines — Multiple market write-ups noted big-bank stocks tumbled after the proposal, creating near-term selling pressure across BAC and peers as investors price in potential margin compression and legislative risk. Big Bank Stocks Tumbled After Trump Said This

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Seaport Global Securities raised their price target on shares of Bank of America from $59.00 to $66.00 and gave the company a “buy” rating in a report on Monday, October 6th. Citigroup lifted their target price on Bank of America from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Truist Financial boosted their target price on Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Erste Group Bank upgraded Bank of America from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Bank of America from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.82.

About Bank of America

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.