In the last trading session, 36.64 million Bank Of America Corp (NYSE:BAC) shares changed hands as the company’s beta touched 1.26. With the company’s per share price at $41.65 changed hands at $0.21 or 0.51% during last session, the market valuation stood at $316.73B. BAC’s last price was a discount, traded about -15.44% off its 52-week high of $48.08. The share price had its 52-week low at $34.15, which suggests the last value was 18.01% up since then. When we look at Bank Of America Corp’s average trading volume, we note the 10-day average is 48.04 million shares, with the 3-month average coming to 37.73 million.
Analysts gave the Bank Of America Corp (BAC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.48. If we narrow down to specifics, the data shows that 0 out of 20 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended BAC as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight.
Bank Of America Corp (NYSE:BAC) trade information
Instantly BAC was in green as seen at the end of in last trading. With action 5.15%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -5.23%, with the 5-day performance at 5.15% in the green. However, in the 30-day time frame, Bank Of America Corp (NYSE:BAC) is -11.31% down. Looking at the short shares, we see there were 78.49 million shares sold at short interest cover period of 2.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is 50, meaning bulls need an upside of 16.7% from its current market value. According to analyst projections, BAC’s forecast low is 45 with 54 as the target high. To hit the forecast high, the stock’s price needs a -29.65% plunge from its current level, while the stock would need to soar -8.04% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.14%. The 2025 estimates are for Bank Of America Corp earnings to increase by 15.27%, but the outlook for the next 5-year period is at 15.06% per year.
BAC Dividends
Bank Of America Corp is expected to release its next quarterly earnings report on 2025-Jan-15. The 2.45% annual yield figure for the share gives it an annual dividend of 1.02. It is important to note, however, that the 2.45% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.45 per year.
Bank Of America Corp (NYSE:BAC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.05% of Bank Of America Corp shares while 66.27% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.87%. There are 66.27% institutions holding the Bank Of America Corp stock share, with BERKSHIRE HATHAWAY INC the top institutional holder. As of 2024-06-30, the company held 13.0776% of the shares, roughly 1.03 billion BAC shares worth $41.08 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.0524% or 641.63 million shares worth $25.52 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . With 216.28 shares estimated at $9.01 billion under it, the former controlled 2.84% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.38% of the shares, roughly 180.7 shares worth around $7.53 billion.
