68,878 Shares in Bank of America Corporation $BAC Purchased by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in Bank of America Corporation (NYSE:BAC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 68,878 shares of the financial services provider’s stock, valued at approximately $3,749,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its stake in Bank of America by 45.4% in the 2nd quarter. Bamco Inc. NY now owns 40,994 shares of the financial services provider’s stock worth $2,336,000 after buying an additional 12,794 shares during the period. E Fund Management Co. Ltd. purchased a new stake in Bank of America in the 2nd quarter valued at about $4,089,000. Bernicke Wealth Management Ltd. purchased a new stake in Bank of America in the 2nd quarter valued at about $2,132,000. Aspiriant LLC grew its stake in Bank of America by 34.3% in the 3rd quarter. Aspiriant LLC now owns 48,877 shares of the financial services provider’s stock worth $2,660,000 after acquiring an additional 12,479 shares in the last quarter. Finally, Lakeshore Capital Group Inc. grew its stake in Bank of America by 111.8% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 33,642 shares of the financial services provider’s stock worth $1,831,000 after acquiring an additional 17,759 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

More Bank of America News

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

• Positive Sentiment: Bank of America may have room to grow revenue by offering more banking products to Merrill clients, supported by rising wealth balances and lending growth. Read article: BAC Sees Untapped Merrill Banking Potential
• Neutral Sentiment: Consumer banking chief Holly O’Neill expressed optimism about AI’s potential for financial innovation, but the interview did not announce a specific initiative or financial target. Read article: Bank of America’s Holly O’Neill on AI
• Negative Sentiment: A securities class action has been filed on behalf of investors who acquired BAC shares from August 1, 2025, through October 13, 2026. The suit alleges misleading statements; the claims have not been proven. The lead-plaintiff deadline is December 15, adding legal and reputational uncertainty. Read article: Securities class action notice
• Negative Sentiment: Investor-law-firm notices also spotlight Senator Elizabeth Warren’s call for a Justice Department criminal investigation following the bank’s admission that it willfully violated federal anti-money-laundering laws. Further scrutiny could increase legal, compliance, and reputational risks. Read article: BAC investor alert on regulatory scrutiny

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen reduced their target price on shares of Bank of America from $60.00 to $56.00 and set a “hold” rating on the stock in a research report on Thursday, October 15th. Truist Financial dropped their price objective on Bank of America from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th. Robert W. Baird upgraded Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 price objective on the stock in a report on Thursday, October 15th. Phillip Securities upgraded Bank of America to a “strong-buy” rating in a report on Friday, October 16th. Finally, Barclays decreased their target price on Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Bank of America has an average rating of “Moderate Buy” and an average target price of $62.48.

Bank of America Trading Down 0.4%

NYSE:BAC opened at $49.54 on Friday. The firm has a 50-day simple moving average of $55.24 and a 200-day simple moving average of $54.89. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22. The firm has a market cap of $341.82 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82.

Bank of America (NYSE:BAC) last released its quarterly earnings data 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). The business had revenue of $29.96 billion for the quarter, compared to the consensus estimate of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. Bank of America’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.06 earnings per share. Equities analysts anticipate that Bank of America Corporation will post 4.51 EPS for the current fiscal year.

Bank of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. Bank of America’s dividend payout ratio is currently 30.40%.

About Bank of America

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.

Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.