Bank of America Corporation $BAC Shares Sold by Vestcor Inc

Vestcor Inc lowered its stake in Bank of America Corporation (NYSE:BAC) by 26.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 171,435 shares of the financial services provider’s stock after selling 62,130 shares during the quarter. Vestcor Inc’s holdings in Bank of America were worth $8,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sienna Gestion acquired a new stake in Bank of America in the third quarter valued at approximately $1,265,000. WINTON GROUP Ltd grew its holdings in Bank of America by 290.5% during the 3rd quarter. WINTON GROUP Ltd now owns 262,980 shares of the financial services provider’s stock valued at $13,567,000 after purchasing an additional 195,643 shares in the last quarter. LGT Fund Management Co Ltd. lifted its holdings in Bank of America by 31.4% in the 3rd quarter. LGT Fund Management Co Ltd. now owns 126,755 shares of the financial services provider’s stock worth $6,424,000 after buying an additional 30,282 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its holdings in Bank of America by 8.4% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 14,933 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 1,158 shares during the last quarter. Finally, PFG Advisors grew its stake in Bank of America by 13.1% during the 3rd quarter. PFG Advisors now owns 31,040 shares of the financial services provider’s stock valued at $1,601,000 after purchasing an additional 3,607 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America News Summary

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

• Positive Sentiment: Led a $2.75 billion leveraged loan to help fund Nexstar’s acquisition of Tegna — underwriting and lending fee revenue support BofA’s core spread and investment-banking activity. Bank of America Offers $2.75 Billion Loan for Tegna Acquisition
• Positive Sentiment: Published the 2026 U.S. Art Market Report with ArtTactic — a PR/wealth-management touchpoint that highlights BofA’s private-banking and UHNW client engagement. U.S. Art Market Rebounds, Posting a 23% Increase in Auction Sales
• Neutral Sentiment: BofA research flagged AI-driven winners around Nvidia’s GTC event — reinforces the bank’s equity research influence but is more a market/sector call than an immediate BAC driver. Nvidia’s big GTC event could spark a rally in these 5 stocks
• Neutral Sentiment: BofA warns about AI risks to software stocks — a thematic research call that may influence clients’ sector positioning but doesn’t directly change bank fundamentals. The AI Threat to Software Stocks Is Real, Warns Bank of America (BAC)
• Negative Sentiment: Several senior insiders sold shares recently (reported filings show multimillion-dollar disposals), which can pressure sentiment and raise governance/risk questions for short-term holders. Insider Selling: Bank of America (NYSE:BAC) Insider Sells $4,191,600.00 in Stock Insider Selling: Bank of America (NYSE:BAC) Insider Sells $2,491,000.00 in Stock
• Negative Sentiment: Coverage highlighted a funding mix shift from floating to fixed-rate funding — investors interpret this as a cautious risk-management move that could signal concerns about short-term liquidity/interest-rate positioning. Bank of America’s Funding Shift From Floating to Fixed: Subtle Clue About BAC’s Risk Strategy?
• Negative Sentiment: Strategist and risk-focused coverage flagged systemic risks (leveraged-loan exposures, bank-loan ETF stress, a public stance on crypto policy) — feeds a cautious narrative that likely weighed on the stock today. Bank Of America Risk Signals From Loans Crypto Policy And Insiders

Insiders Place Their Bets

In other news, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction that occurred on 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 transaction, the insider owned 227,973 shares of the company’s stock, 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 SEC, which is accessible through this link. Also, insider James P. Demare sold 83,832 shares of the company’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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by insiders.

Bank of America Trading Down 1.5%

NYSE:BAC opened at $47.91 on Tuesday. The firm has a market capitalization of $343.83 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.19 and a beta of 1.28. The business has a 50 day simple moving average of $53.13 and a 200 day simple moving average of $52.55. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55.

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

Bank of America Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Barclays lifted their price target on Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Keefe, Bruyette & Woods dropped their price target on Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada lifted their price objective on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Bank of America currently has an average rating of “Moderate Buy” and an average target price of $60.30.

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.