Prudent Man Advisors LLC Sells 12,637 Shares of Bank of America Corporation $BAC

Prudent Man Advisors LLC trimmed its position in shares of Bank of America Corporation (NYSE:BAC) by 44.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,920 shares of the financial services provider’s stock after selling 12,637 shares during the period. Prudent Man Advisors LLC’s holdings in Bank of America were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BAC. Steph & Co. increased its stake in shares of Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares during the last quarter. Collier Financial bought a new position in Bank of America during the third quarter worth about $30,000. Marquette Asset Management LLC acquired a new position in Bank of America during the third quarter worth approximately $30,000. Mountain Hill Investment Partners Corp. acquired a new position in Bank of America during the third quarter worth approximately $31,000. Finally, Wealth Preservation Advisors LLC raised its stake in Bank of America by 48.7% in the second quarter. Wealth Preservation Advisors LLC now owns 681 shares of the financial services provider’s stock valued at $32,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: BofA told markets it expects net interest income to rise roughly 7% and investment‑banking fees to climb about 10% in Q1, and flagged low‑double‑digit growth in global markets revenue — a clear near‑term earnings driver. BofA expects rising interest income, investment banking fees in first quarter
• Positive Sentiment: Digital and AI adoption is reaching scale (30 billion client interactions; record payment approvals and strong Zelle growth). That should help revenue mix (payments, wealth, cash management) and long‑run efficiency. BofA AI and Digital Innovations Fuel 30 Billion Client Interactions
• Positive Sentiment: Analysts expect fee income to benefit from solid capital‑markets momentum, supporting non‑interest revenue in Q1. Strong trading/IB activity is one rationale for earnings upside. BAC’s Fee Income to Benefit From Solid Q1 Capital Markets Performance
• Positive Sentiment: Management is reinforcing dealmaking capabilities (recent senior tech bankers hired) to capture tech M&A and advisory flow — positive for future IB pipeline. Bank of America poaches four top tech bankers to boost tech dealmaking, memos show
• Positive Sentiment: Brokerage coverage remains constructive on average (“Moderate Buy”), which can support investor sentiment versus peers. Bank of America Corporation (NYSE:BAC) Receives Average Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: Coverage notes the investment story is evolving but many analysts haven’t changed price targets recently, leaving the stock rangebound until new catalyst/updates arrive. Tracking How The Bank Of America (BAC) Investment Story Is Evolving Without A New Price Target
• Neutral Sentiment: Management remarks from recent conference presentations are available for detail on strategy and capital allocation; useful for investors but not a fresh surprise. Bank of America Corporation (BAC) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript
• Negative Sentiment: Shares are off significantly year‑to‑date and some coverage asks whether to “buy the dip,” reflecting investor caution and higher perceived downside risk if macro or rates disappoint. Bank of America Stock Slides 12.9% YTD: Time to Buy the Dip or Wait?
• Negative Sentiment: Some reporters and investors question whether the digital surge and user metrics already justify current valuation or whether investment/operating costs limit near‑term margin improvement. That debate keeps volatility elevated. Bank Of America Digital Surge Sparks Questions On Efficiency And Valuation

Insider Activity

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the completion of the sale, the insider owned 227,973 shares in the company, valued at $11,357,614.86. The trade was a 17.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James P. Demare sold 83,832 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider directly owned 307,240 shares of the company’s stock, valued at $15,362,000. This represents a 21.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

Bank of America Stock Performance

BAC opened at $48.50 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The business has a fifty day simple moving average of $52.86 and a 200 day simple moving average of $52.51. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. The company has a market capitalization of $348.05 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.18 and a beta of 1.28.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter last year, the business earned $0.82 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Research analysts expect that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BAC shares. Truist Financial reduced their target price on Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. TD Cowen dropped their price target on Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. The Goldman Sachs Group lifted their price objective on shares of Bank of America from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Royal Bank Of Canada raised their target price on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Bank of America currently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

Bank of America Profile

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.