Bank Of America Corp (NYSE: BAC) is -16.00% lower on its value in year-to-date trading and has touched a low of $33.06 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 $37.41 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $36.92, the stock is -4.79% and -11.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 34.93 million and changing -1.31% at the moment leaves the stock -13.07% off its SMA200. BAC registered 4.80% gain for a year compared to 6-month loss of -13.74%. The firm has a 50-day simple moving average (SMA 50) of $41.693 and a 200-day simple moving average (SMA200) of $42.47145.
The stock witnessed a -13.09% gain in the last 1 month and extending the period to 3 months gives it a -20.65%, and is 2.70% 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 2.31% over the week and 3.99% over the month.
Bank Of America Corp (BAC) has around 213000 employees, a market worth around $279.12B and $196.53B in sales. Current P/E ratio is 11.02 and Fwd P/E is 8.66. Profit margin for the company is 13.41%. Distance from 52-week low is 11.66% and -23.21% from its 52-week high. The company has generated returns on investments over the last 12 months (4.39%).
with sales reaching $26.83B over the same period.The EPS is expected to grow by 13.57% this year, but quarterly earnings will post 6.12% year-over-year. Quarterly sales are estimated to grow 5.74% in year-over-year returns.
Bank Of America Corp (BAC) Top Institutional Holders
3961.0 institutions hold shares in Bank Of America Corp (BAC), with institutional investors hold 73.25% of the company’s shares. The shares outstanding are 7.56B, and float is at 7.55B with Short Float at 1.11%. Institutions hold 66.58% 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 8.1241 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 473.12 million shares representing 5.9904% 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 2,103 shares of the company’s common stock on Apr 16 ’25 at a price of $11.09 per share for a total of $23322.0. Following the purchase, the insider now owns 2103.0 shares.
Bank Of America Corp disclosed in a document filed with the SEC on Apr 09 ’25 that BANK OF AMERICA CORP /DE/ (10% Owner) bought a total of 13 shares of the company’s common stock. The trade occurred on Apr 09 ’25 and was made at $10.85 per share for $141.0. Following the transaction, the insider now directly holds 13.0 shares of the BAC stock.
Still, SEC filings show that on Apr 09 ’25, BANK OF AMERICA CORP /DE/ (10% Owner) disposed off 13 shares at an average price of $10.89 for $142.0. The insider now directly holds 0 shares of Bank Of America Corp (BAC).
