Bank Of America Corp (NYSE:BAC) has a beta value of 1.31 and has seen 8.96 million shares traded in the recent trading session. The company, currently valued at $329.97B, closed the recent trade at $43.81 per share which meant it lost -$0.32 on the day or -0.73% during that session. The BAC stock price is -9.75% off its 52-week high price of $48.08 and 24.54% above the 52-week low of $33.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 40.74 million shares traded. The 3-month trading volume is 49.50 million shares.
The consensus among analysts is that Bank Of America Corp (BAC) is Buy stock at the moment, with a recommendation rating of 1.42. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 20 have rated it as a Hold, with 14 advising it as a Buy. 0 have rated the stock as Underweight.
Bank Of America Corp (NYSE:BAC) trade information
Over the past 30 days, the shares of Bank Of America Corp (NYSE:BAC) have changed 9.06%. Short interest in the company has seen 96.37 million shares shorted with days to cover at 2.31.
Wall Street analysts have a consensus price target for the stock at $52, which means that the shares’ value could jump 15.75% from the levels at last check today.. The projected low price target is $47.0 while the price target rests at a high of $54.0. In that case, then, we find that the latest price level in today’s session is -23.26% off the targeted high while a plunge would see the stock gain -7.28% from the levels at last check today..
Bank Of America Corp (BAC) estimates and forecasts
The company’s shares have lost -8.25% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.14% over the past 5 years. Earnings growth for 2025 is a modest 13.76% while over the next 5 years, the company’s earnings are expected to increase by 14.52%.
BAC Dividends
Bank Of America Corp is expected to release its next earnings report on 2025-Apr-14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.02 at a share yield of 2.33%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.42%.
Bank Of America Corp (NYSE:BAC)’s Major holders
Insiders own 8.50% of the company shares, while shares held by institutions stand at 66.70% with a share float percentage of 72.90%. Investors are also buoyed by the number of investors in a company, with Bank Of America Corp having a total of 3976.0 institutions that hold shares in the company. The top two institutional holders are BERKSHIRE HATHAWAY INC with over 1.03 billion shares worth more than $41.08 billion. As of 2024-06-30, BERKSHIRE HATHAWAY INC held 13.0776% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 641.63 million shares as of 2024-06-30. The firm’s total holdings are worth over $25.52 billion and represent 8.1241% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . As of Mar 31, 2025 , the former fund manager holds about 2.77% shares in the company for having 208.62 shares of worth $9.14 billion while later fund manager owns 177.58 shares of worth $7.78 billion as of Mar 31, 2025 , which makes it owner of about 2.36% of company’s outstanding stock.
