Bank Of America Corp (NYSE: BAC) is -5.23% lower on its value in year-to-date trading and has touched a low of $34.15 and a high of $48.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BAC stock was last observed hovering at around $41.44 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $41.65, the stock is -2.58% and -7.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 36.64 million and changing 0.51% at the moment leaves the stock -2.03% off its SMA200. BAC registered 16.70% gain for a year compared to 6-month gain of 7.76%. The firm has a 50-day simple moving average (SMA 50) of $44.95 and a 200-day simple moving average (SMA200) of $42.51495.
The stock witnessed a -11.31% loss in the last 1 month and extending the period to 3 months gives it a -9.61%, and is 5.15% up 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 2.36% over the week and 2.75% over the month.
Bank Of America Corp (BAC) has around 213000 employees, a market worth around $316.73B and $198.93B in sales. Current P/E ratio is 12.96 and Fwd P/E is 9.52. Profit margin for the company is 12.82%. Distance from 52-week low is 21.96% and -13.37% from its 52-week high. The company has generated returns on investments over the last 12 months (4.55%).
with sales reaching $26.83B over the same period.The EPS is expected to grow by 15.27% this year, but quarterly earnings will post 6.58% year-over-year. Quarterly sales are estimated to grow 3.94% in year-over-year returns.
Bank Of America Corp (BAC) Top Institutional Holders
3980.0 institutions hold shares in Bank Of America Corp (BAC), with institutional investors hold 72.87% of the company’s shares. The shares outstanding are 7.61B, and float is at 7.59B with Short Float at 1.03%. Institutions hold 66.27% of the Float.
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 8,100 shares of the company’s common stock on Mar 14 ’25 at a price of $12.45 per share for a total of $0.1 million. Following the purchase, the insider now owns 8100.0 shares.
Bank Of America Corp disclosed in a document filed with the SEC on Mar 14 ’25 that BANK OF AMERICA CORP /DE/ (10% Owner) sold a total of 8,100 shares of the company’s common stock. The trade occurred on Mar 14 ’25 and was made at $12.30 per share for $99670.0. Following the transaction, the insider now directly holds 0.0 shares of the BAC stock.
Still, SEC filings show that on Mar 11 ’25, BANK OF AMERICA CORP /DE/ (10% Owner) acquired 1 shares at an average price of $12.43 for $12.0. The insider now directly holds 1 shares of Bank Of America Corp (BAC).
