Davis Investment Partners LLC Cuts Stock Position in Bank of America Corporation $BAC

Davis Investment Partners LLC trimmed its holdings in shares of Bank of America Corporation (NYSE:BAC) by 52.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,585 shares of the financial services provider’s stock after selling 37,955 shares during the period. Bank of America accounts for about 0.7% of Davis Investment Partners LLC’s holdings, making the stock its 23rd biggest holding. Davis Investment Partners LLC’s holdings in Bank of America were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Doliver Advisors LP raised its position in Bank of America by 20.9% in the fourth quarter. Doliver Advisors LP now owns 15,276 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 2,640 shares during the period. Canal Capital Management LLC boosted its position in shares of Bank of America by 7.2% in the fourth quarter. Canal Capital Management LLC now owns 4,723 shares of the financial services provider’s stock worth $260,000 after buying an additional 319 shares during the period. Neville Rodie & Shaw Inc. grew its stake in shares of Bank of America by 116.2% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 116,358 shares of the financial services provider’s stock valued at $6,400,000 after buying an additional 62,540 shares in the last quarter. Coastline Trust Co grew its stake in shares of Bank of America by 42.0% in the fourth quarter. Coastline Trust Co now owns 55,154 shares of the financial services provider’s stock valued at $3,033,000 after buying an additional 16,303 shares in the last quarter. Finally, GoalVest Advisory LLC raised its holdings in shares of Bank of America by 780.0% during the 4th quarter. GoalVest Advisory LLC now owns 22,071 shares of the financial services provider’s stock valued at $1,214,000 after buying an additional 19,563 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America Stock Performance

Bank of America stock opened at $46.99 on Friday. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market cap of $337.20 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.28. The stock has a 50 day moving average of $51.77 and a 200-day moving average of $52.36.

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

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.4%. Bank of America’s payout ratio is presently 29.24%.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Digitization and AI initiatives at BAC are highlighted as revenue drivers — management’s push on digital interactions and AI cross‑selling is presented as unlocking fee income and supporting revenue growth beyond cost cuts, a direct positive for margins and investor confidence. Bank of America’s Digitization Initiatives Unlocking Revenue Growth
• Positive Sentiment: Consumer payment promotion with Visa: BofA launched a sweepstakes for Visa cardholders tied to the FIFA World Cup, a marketing push that can boost card activation, spend and interchange revenue in the near term. BofA Teams with Visa to Offer Cardholders a Chance to Win a Trip to the FIFA World Cup 2026™
• Positive Sentiment: Mobile banking competitive position: Third‑party scorecard shows Bank of America tied for best mobile app, which supports customer retention, deposit growth and fee opportunities. Banks Strengthen Mobile Account Opening and Debit Card Controls
• Neutral Sentiment: Quarterly reporting calendar set: BofA announced its 4Q26 and 2027 quarterly reporting dates — useful for investors planning earnings/event timing but not a direct earnings surprise. Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates
• Neutral Sentiment: Investor outreach: BAC presented at the RBC conference (investor presentation may clarify guidance/strategy but is already priced in unless new disclosures appear). Bank of America Corporation (BAC) Presents at RBC Conference, Here’s What You Need to Know
• Neutral Sentiment: BofA research activity: The firm continues active, bullish research coverage across tech names (e.g., Nvidia, TSM), which underscores BAC’s role as a major trading and underwriting franchise but is indirect for BAC’s own fundamentals. Nvidia Gets Fresh Boost As BofA Stays Bullish
• Negative Sentiment: Macroeconomic/inflation risk: The Fed left rates steady but flagged higher inflation, prompting analyst notes that bank earnings could be pressured near term — this broader macro signal is weighing on BAC and other bank stocks. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
• Negative Sentiment: Reputational/legal scrutiny: Coverage of an Epstein‑related settlement highlights governance and valuation questions tied to historic relationships and could keep scrutiny on BAC’s disclosures and potential liabilities. Epstein Settlement Puts Bank Of America Valuation And Governance In Focus
• Negative Sentiment: Sector risk from private credit concerns: Analysts flag stress in private credit and alternative asset managers as a reason for bank stock weakness; BAC could be impacted via capital markets and trading revenue volatility. Bank Stocks Are the Canary in the Recession Coal Mine. It’s Not Time to Worry—Yet

Insider Activity

In related news, insider Thomas M. Scrivener sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was 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 directly owned 227,973 shares of the company’s stock, valued at $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the sale, the insider owned 307,240 shares in the company, valued at $15,362,000. The trade was a 21.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 227,832 shares of company stock worth $11,094,960. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BAC has been the subject of a number of analyst reports. TD Cowen decreased their price target on Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Barclays boosted their target price on shares of Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Wells Fargo & Company upped their target price on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Erste Group Bank lowered shares of Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Truist Financial dropped their price target on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.