10,020 Bank of America Corporation $BAC Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp decreased its stake in shares of Bank of America Corporation (NYSE:BAC) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,408 shares of the financial services provider’s stock after selling 10,020 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Bank of America were worth $7,915,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Turim 21 Investimentos Ltda. bought a new position in Bank of America during the second quarter worth $25,000. Cherry Tree Wealth Management LLC grew its holdings in Bank of America by 167.6% in the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 300 shares during the period. Principia Wealth Advisory LLC increased its stake in Bank of America by 69.9% in the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 218 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Bank of America in the second quarter valued at $34,000. Finally, Balance Wealth Partners LLC bought a new stake in Bank of America in the third quarter valued at $33,000. Institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes

BAC has been the topic of several research reports. TD Cowen dropped their price objective on shares of Bank of America from $60.00 to $56.00 and set a “hold” rating on the stock in a report on Thursday, October 15th. Keefe, Bruyette & Woods reduced their target price on Bank of America from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Morgan Stanley decreased their target price on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Citigroup dropped their price target on Bank of America from $66.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th. Finally, Robert W. Baird raised Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 price target on the stock in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.48.

Bank of America Stock Performance

NYSE BAC opened at $50.67 on Thursday. The company has a fifty day simple moving average of $54.56 and a 200 day simple moving average of $54.87. Bank of America Corporation has a 12-month low of $46.12 and a 12-month high of $65.22. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17. The company has a market cap of $349.61 billion, a P/E ratio of 12.03, a PEG ratio of 0.89 and a beta of 1.19.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 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 the consensus estimate of $30.58 billion. During the same quarter last year, the firm posted $1.06 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sell-side analysts predict that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.5%. Bank of America’s payout ratio is presently 30.40%.

Key Bank of America News

Here’s some of the latest news about BAC:

• Positive Sentiment: A comparison with Wells Fargo says Bank of America has an edge on earnings growth and valuation, though Wells Fargo has stronger recent share performance and return on equity. Read article
• Neutral Sentiment: Bank of America’s market outlook includes caution about crowded trades, while its view that inflation could prompt a larger Federal Reserve rate hike points to potential rate volatility. These are broader market calls, not new BAC-specific financial forecasts. Read article Read article
• Negative Sentiment: Several law firms are publicizing the same securities class action against Bank of America, concerning investors who bought shares from August 1, 2025, through October 13, 2026. The lead-plaintiff deadline is December 15, 2026. The repeated alerts are not evidence of a new ruling, but the allegations and potential legal costs may weigh on sentiment. Read article Read article

Bank of America Company 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.