Bernicke Wealth Management Ltd. Acquires 36,788 Shares of Bank of America Corporation $BAC

Bernicke Wealth Management Ltd. bought a new stake in shares of Bank of America Corporation (NYSE:BAC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,788 shares of the financial services provider’s stock, valued at approximately $2,002,000.

Other hedge funds also recently bought and sold shares of the company. Vista Capital Partners Inc. bought a new position in shares of Bank of America in the third quarter worth about $634,000. Financial Freedom LLC bought a new stake in Bank of America during the 3rd quarter valued at approximately $66,000. Valmark Advisers Inc. raised its stake in Bank of America by 4.1% during the 3rd quarter. Valmark Advisers Inc. now owns 22,080 shares of the financial services provider’s stock valued at $1,202,000 after purchasing an additional 867 shares during the period. Money Concepts Capital Corp raised its stake in Bank of America by 5.6% during the 3rd quarter. Money Concepts Capital Corp now owns 7,952 shares of the financial services provider’s stock valued at $433,000 after purchasing an additional 419 shares during the period. Finally, Citizens & Northern Corp purchased a new position in Bank of America in the 3rd quarter worth approximately $230,000. Institutional investors own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BAC shares. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research note on Monday, October 19th. Barclays cut their price objective on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Keefe, Bruyette & Woods reduced their price objective on shares of Bank of America from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. UBS Group set a $62.00 target price on shares of Bank of America and gave the stock a “buy” rating in a report on Wednesday. Finally, Evercore set a $62.00 target price on shares of Bank of America in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and an average target price of $62.48.

Bank of America Stock Performance

NYSE BAC opened at $51.01 on Friday. The business has a 50 day simple moving average of $54.07 and a two-hundred day simple moving average of $54.86. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22. The stock has a market capitalization of $351.95 billion, a PE ratio of 12.12, a P/E/G ratio of 0.89 and a beta of 1.19. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The business had revenue of $29.96 billion for the quarter, compared to analysts’ expectations of $30.58 billion. During the same period in the previous year, the company earned $1.06 EPS. Bank of America’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, research analysts predict that Bank of America Corporation will post 4.51 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. Bank of America’s dividend payout ratio (DPR) is presently 30.40%.

Bank of America News Roundup

These are some of the BAC news items that stood out recently:

• Positive Sentiment: Bank of America reaffirmed its 16%–18% return-on-tangible-common-equity target for 2028–2030, citing expected support from net interest income, loan growth and expense discipline. The outlook reinforces the bank’s longer-term profitability ambitions. Article: BAC Reaffirms 16-18% ROTCE Target
• Neutral Sentiment: BofA Global Research now expects the Federal Reserve to raise rates at each of its next three meetings following hotter-than-expected inflation. Higher rates can support bank interest income, but may also weigh on loan demand, credit quality and broader market sentiment. Article: BofA Now Sees Fed Hiking in January
• Negative Sentiment: Several law firms reiterated that a securities class action is pending against BAC, with a December 15 lead-plaintiff deadline for investors who bought shares from August 1, 2025 through October 13, 2026. These are procedural notices, not a finding of wrongdoing, but may keep legal concerns in focus. Article: Rosen Securities Class Action Deadline Notice

Bank of America Profile

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services. The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.