Gryphon Financial Partners LLC Raises Stock Position in Bank of America Corporation $BAC

Gryphon Financial Partners LLC lifted its holdings in shares of Bank of America Corporation (NYSE:BAC) by 34.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 42,837 shares of the financial services provider’s stock after buying an additional 11,026 shares during the period. Gryphon Financial Partners LLC’s holdings in Bank of America were worth $2,088,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Modera Wealth Management LLC lifted its stake in shares of Bank of America by 1.6% during the first quarter. Modera Wealth Management LLC now owns 77,164 shares of the financial services provider’s stock worth $3,762,000 after purchasing an additional 1,217 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its position in shares of Bank of America by 43.0% in the first quarter. Townsend Asset Management Corp NC ADV now owns 9,619 shares of the financial services provider’s stock worth $469,000 after buying an additional 2,893 shares during the period. PeakShares LLC grew its stake in shares of Bank of America by 12.5% in the first quarter. PeakShares LLC now owns 2,856 shares of the financial services provider’s stock valued at $139,000 after buying an additional 318 shares in the last quarter. Paradigm Capital Management LLC NV grew its stake in shares of Bank of America by 1.9% in the first quarter. Paradigm Capital Management LLC NV now owns 33,559 shares of the financial services provider’s stock valued at $1,636,000 after buying an additional 616 shares in the last quarter. Finally, Gould Asset Management LLC CA raised its holdings in shares of Bank of America by 3.4% during the 1st quarter. Gould Asset Management LLC CA now owns 12,247 shares of the financial services provider’s stock valued at $597,000 after buying an additional 398 shares during the period. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Price Performance

BAC stock opened at $61.18 on Friday. The stock’s 50 day moving average is $55.30 and its two-hundred day moving average is $53.15. Bank of America Corporation has a 52-week low of $44.75 and a 52-week high of $62.12. The company has a market capitalization of $434.16 billion, a PE ratio of 14.03, a P/E/G ratio of 0.99 and a beta of 1.17. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.23.

Bank of America (NYSE:BAC) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $30.78 billion. During the same period in the prior year, the business posted $0.89 EPS. The business’s revenue was up 19.6% on a year-over-year basis. Analysts predict that Bank of America Corporation will post 4.64 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 1.8%. Bank of America’s dividend payout ratio is currently 25.69%.

Insider Buying and Selling

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the completion of the transaction, the insider directly owned 1,373,397 shares of the company’s stock, valued at $72,803,774.97. This trade represents a 8.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by company insiders.

Bank of America News Summary

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

• Positive Sentiment: Bank of America declared regular cash dividends on multiple preferred stock series, reinforcing its continued capital return to shareholders. Bank of America Declares Preferred Stock Dividends Payable in August and September 2026
• Positive Sentiment: Multiple firms lifted their outlooks on BAC, including higher earnings estimates for FY2026 and FY2027, suggesting improving expectations for profitability. Bank of America stock page
• Positive Sentiment: Bank of America’s recent Q2 results were broadly strong, with the company topping estimates and benefiting from robust trading and deal activity, which has helped support investor confidence in the stock. BofA rides market whiplash to trading records, deal activity shines
• Neutral Sentiment: Bank of America also announced internal AI leadership appointments to accelerate AI adoption in its global markets business, a strategic move that could improve efficiency over time but is not an immediate earnings driver. BofA names senior executives to drive AI adoption in global markets-memo

Wall Street Analysts Forecast Growth

Several research firms recently commented on BAC. Piper Sandler boosted their price target on Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Wells Fargo & Company lifted their price objective on shares of Bank of America from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada boosted their target price on shares of Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial upped their target price on shares of Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Citigroup raised their price target on shares of Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.77.

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.