Bank Of America Corp (NYSE: BAC) is 4.69% higher on its value in year-to-date trading and has touched a low of $33.17 and a high of $48.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BAC stock was last observed hovering at around $46.53 in the last trading session, with the day’s loss setting it -0.52%.
Currently trading at $46.01, the stock is -1.38% and 0.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 38.96 million and changing -1.12% at the moment leaves the stock 9.19% off its SMA200. BAC registered 35.05% gain for a year compared to 6-month gain of 16.95%.
The stock witnessed a -1.12% loss in the last 1 month and extending the period to 3 months gives it a 0.24%, and is -1.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.30% over the week and 1.62% over the month.
Bank Of America Corp (BAC) has around 213000 employees, a market worth around $350.18B and $197.87B in sales. Current P/E ratio is 14.29 and Fwd P/E is 10.51. Profit margin for the company is 12.89%. Distance from 52-week low is 38.69% and -4.31% from its 52-week high. The company has generated returns on investments over the last 12 months (4.41%).
with sales reaching $26.91B over the same period.The EPS is expected to grow by 15.52% this year, but quarterly earnings will post 6.67% year-over-year. Quarterly sales are estimated to grow 4.21% in year-over-year returns.
The shares outstanding are 7.61B, and float is at 7.60B with Short Float at 0.76%.
The top institutional shareholder in the company is BERKSHIRE HATHAWAY INC with over 1.03 billion shares valued at $41.08 billion. The investor’s holdings represent 13.0776 of the BAC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 641.63 million shares valued at $25.52 billion to account for 8.0524 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 473.12 million shares representing 5.9376 and valued at over $18.82 billion, while STATE STREET CORP holds 3.6439 of the shares totaling 287.79 million with a market value of $11.45 billion.
Bank Of America Corp (BAC) Insider Activity
The most recent transaction is an insider purchase by BANK OF AMERICA CORP /DE/, the company’s 10% Owner. SEC filings show that BANK OF AMERICA CORP /DE/ bought 1,900 shares of the company’s common stock on Feb 04 ’25 at a price of $11.47 per share for a total of $21793.0. Following the purchase, the insider now owns 1900.0 shares.
Bank Of America Corp disclosed in a document filed with the SEC on Feb 04 ’25 that BANK OF AMERICA CORP /DE/ (10% Owner) sold a total of 1,900 shares of the company’s common stock. The trade occurred on Feb 04 ’25 and was made at $11.46 per share for $21774.0. Following the transaction, the insider now directly holds 0.0 shares of the BAC stock.
Still, SEC filings show that on Jan 17 ’25, BANK OF AMERICA CORP /DE/ (10% Owner) acquired 1,611 shares at an average price of $11.37 for $18317.0. The insider now directly holds 1,611 shares of Bank Of America Corp (BAC).
