Currently, there are 7.90B common shares owned by the public and among those 7.86B shares have been available to trade.
Insiders at the company have transacted a total of 84 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 43 of these insider trades were purchases, accounting for 1,528,544 shares. Insider sales of the common stock occurred on 41 occasions, with total insider shares sold totaling 1,103,754 shares.
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However, the script later moved the day high at 34.05, up 0.92%. The company’s stock has a 5-day price change of -0.44% and 14.36% over the past three months. BAC shares are trading 0.74% year to date (YTD), with the 12-month market performance down to -1.08% lower. It has a 12-month low price of $24.96 and touched a high of $35.10 over the same period. BAC has an average intraday trading volume of 41.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.17%, 2.00%, and 13.52% respectively.
Institutional ownership of Bank Of America Corp. (NYSE: BAC) shares accounts for 71.85% of the company’s 7.90B shares outstanding.
It has a market capitalization of $267.04B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 11.04, while the earnings-per-share (ttm) stands at $3.07. The company has a PEG of 0.45 and the debt-to-equity ratio at 2.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.30% over the week and 2.13% over the month.
Analysts forecast that Bank Of America Corp. (BAC) will achieve an EPS of $0.77 for the current quarter, $0.79 for the next quarter and $3.44 for 2025. The lowest estimate earnings-per-share for the quarter is $0.72 while analysts give the company a high EPS estimate of $0.86. Comparatively, EPS for the current quarter was $0.94 a year ago. Earnings per share for the fiscal year are expected to increase by 2.47%, and 8.86% over the next financial year. EPS should grow at an annualized rate of 24.37% over the next five years, compared to 3.37% over the past 5-year period.
Looking at the support for the BAC, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on January 30, 2024, with the firm’s price target at $32-$41. Odeon was of a view on December 14, 2023 that the stock is Buy, while Keefe Bruyette gave the stock Mkt Perform rating on November 06, 2023, issuing a price target of $29- $30. HSBC Securities on their part issued Buy rating on September 07, 2023.
