351,798 Bank of America Corporation $BAC Shares Bought by Rockland Trust Co.

05 Oct 2026, 18:24 by Danessa Lincoln · The Markets Daily

Rockland Trust Co. grew its holdings in Bank of America Corporation (NYSE:BAC) by 425.4% during the third quarter, Holdings Channel.com reports. The firm owned 434,499 shares of the financial services provider’s stock after acquiring an additional 351,798 shares during the quarter. Bank of America accounts for about 0.9% of Rockland Trust Co.’s portfolio, making the stock its 29th biggest position. Rockland Trust Co.’s holdings in Bank of America were worth $23,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Turim 21 Investimentos Ltda. bought a new position in Bank of America in the second quarter valued at $25,000. Abound Financial LLC bought a new stake in Bank of America during the 4th quarter worth about $26,000. Cherry Tree Wealth Management LLC boosted its stake in shares of Bank of America by 167.6% during the 2nd quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after buying an additional 300 shares during the last quarter. Principia Wealth Advisory LLC boosted its stake in shares of Bank of America by 69.9% during the 2nd quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock worth $30,000 after buying an additional 218 shares during the last quarter. Finally, Vermillion Wealth Management Inc. grew its holdings in shares of Bank of America by 199.1% in the 1st quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 438 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Key Headlines Impacting Bank of America

Here are the key news stories impacting Bank of America this week:

Positive Sentiment: BAC was identified as one of five oversold market areas that could rebound if market breadth improves and investors rotate beyond large-cap technology stocks. This supports the view that the shares have recovery potential after recent weakness. 5 Oversold Corners of the Market That Could Bounce If Breadth Finally Improves
Positive Sentiment: Bank of America’s dividend profile remains a focus for income-oriented investors. A comparison with U.S. Bancorp highlights BAC’s dividend increase and the potential appeal of its scale and earnings capacity, although the stock’s income advantages depend partly on the interest-rate outlook. BAC vs. USB: Which Bank Stock Offers the Superior Dividend Income for Retirees?
Positive Sentiment: Bank of America strategists expect two-year Treasury yields to rise further because of economic strength and possible additional Federal Reserve tightening. Higher rates can support banks’ loan yields and net interest income, potentially benefiting BAC, though they also increase broader market and credit risks. Two-Year Treasury Yields Could Rise Further Due to Robust Economy, BofA Says
Neutral Sentiment: BAC disclosed higher indirect holdings in several Turkish companies through Merrill Lynch subsidiaries. The announcements appear related to client, custody, or trading activity and do not indicate a material change to Bank of America’s core investment outlook. Bank of America Lifts Indirect Stake in A1 Yenilenebilir Enerji to 3%
Negative Sentiment: JPMorgan Chase reduced its price target for Bank of America, creating a valuation overhang and tempering the otherwise favorable rate and rotation narrative. Bank of America Stock Price Target Cut by JPMorgan Chase

Bank of America Stock Performance

NYSE BAC traded up $0.42 during trading on Monday, reaching $54.17. 15,688,991 shares of the company’s stock were exchanged, compared to its average volume of 37,135,414. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. The business has a 50 day moving average price of $60.89 and a 200-day moving average price of $56.35. The stock has a market capitalization of $378.77 billion, a P/E ratio of 12.43, a PEG ratio of 0.86 and a beta of 1.21. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22.

Bank of America (NYSE:BAC – Get Free Report) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.13 by $0.08. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. Sell-side analysts forecast that Bank of America Corporation will post 4.63 earnings per share for the current fiscal year.

Bank of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, September 4th. Bank of America’s dividend payout ratio (DPR) is presently 29.36%.

Analysts Set New Price Targets

Several analysts recently issued reports on BAC shares. Evercore set a $62.00 target price on Bank of America in a report on Thursday. Robert W. Baird raised their price target on Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Argus set a $70.00 price target on Bank of America in a research report on Wednesday, July 15th. Royal Bank Of Canada upped their price objective on Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. cut their price objective on Bank of America from $68.00 to $62.00 and set an “overweight” rating for the company in a report on Friday. Twenty investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.78.

Check Out Our Latest Stock Report on Bank of America

About Bank of America

(Free Report)

Bank of America Corporation (NYSE:BAC) is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.