Overview of Different Indicators: Bank of America Corporation (BAC)
- Author: Wendy Palmer Apr 12, 2018,
Apr 12, 2018, 5:05
Bank of America Corporation (BAC) negotiated the trading capacity of 60601641 shares and observing the average volume of last three months the stock traded 76591.45K shares. About 30.69M shares traded.
Eaton Vance Management lowered its holdings in Bank of America (NYSE:BAC) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. BAC outperformed by 16.63% the S&P500. Boston Partners purchased a new stake in Momo during the fourth quarter valued at about $39,239,000.
Andra Ap-Fonden increased its stake in Cf Inds Hldgs Inc (CF) by 113.64% based on its latest 2017Q4 regulatory filing with the SEC. The stock's price to sales ratio for trailing twelve months is 5.55 and price to book ratio for the most recent quarter is 1.30, whereas price to cash per share for the most recent quarter are 0.51. The major banks company at the end of 2017Q4 was valued at $438.15M. West Oak Capital Llc who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $308.05B market cap company. Now it had 14.84 million shares held by the institutional investor.
Investors sentiment increased to 1.19 in Q4 2017. In general, and ADX value from 0-25 would represent an absent or weak trend. The ratio is positive due to BAC positioning: 66 sold and 561 reduced. Rothschild Invest Corp Il has invested 1.06% in Bank of America Corporation (NYSE:BAC). Bedell Frazier Counseling Ltd Limited Liability Company holds 438,842 shares or 4.82% of its portfolio. Weatherstone Capital Mngmt, Colorado-based fund reported 14,339 shs. Barbara Oil, Illinois-based fund reported 40,000 shares. Jefferies maintained Bank of America Corporation (NYSE:BAC) rating on Friday, August 11. Janney Management Limited Company owns 22,154 shares for 0.03% of their portfolio.
A number of research analysts have recently commented on BAC shares.
Bank of America Corporation (NYSE:BAC) has shown an EPS growth of 46.90% in the last 5 years and sales growth of 0.10% for the same year while for the next 5 years; the EPS growth estimates 21.53%.Along with this Sales growth yoy (quarter over quarter) was considered as 17.10%. First National Tru Company stated it has 134,773 shares. Northwestern Mutual Wealth Management Company accumulated 0.06% or 304,938 shs.
West Oak Capital Llc, which manages about $281.18M and $162.92 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 113 shares to 10,993 shares, valued at $940.34 million in 2017Q4, according to the filing. It also reduced its holding in Trueblue Inc (NYSE:TBI) by 36,400 shares in the quarter, leaving it with 1.68 million shares, and cut its stake in Entegris Inc (NASDAQ:ENTG).
Zacks Investment Research raised Bank of America from a "hold" rating to a "buy" rating and set a $33.00 price target on the stock in a research report on Tuesday, January 2nd. Therefore 75% are positive. The company presently has a consensus rating of "Buy" and an average target price of $30.97. The rating was maintained by Citigroup on Wednesday, January 11 with "Buy". Fagan Assoc has invested 2.76% of its portfolio in Bank of America Corporation (NYSE:BAC). The rating was maintained by Oppenheimer on Monday, March 26 with "Buy". The firm has "Buy" rating given on Tuesday, December 5 by Raymond James.
COPYRIGHT VIOLATION NOTICE: "Bank of America (BAC) Shares Sold by Eaton Vance Management" was reported by The Lincolnian Online and is owned by of The Lincolnian Online. Financial and Money Center Banks are moving forward and Bank of America Corporation's efforts may transfer some benefits to them too. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.03. BAC's profit will be $6.03B for 12.74 P/E if the $0.59 EPS becomes a reality. Hence the difference between Predicted EPS and Actual EPS reported is $0.04/share which shows an Earnings Surprise of 9.1 Percent. CLSA maintained it with "Outperform" rating and $18 target in Friday, September 23 report.
Investors could set buy and sell price points around target prices to maximize returns.
The stock has P/B of 1.28. Finally, Keefe, Bruyette & Woods restated a "buy" rating and issued a $35.00 price objective on shares of Bank of America in a research note on Thursday, April 5th. The rating was downgraded by Robert W. Baird to "Neutral" on Wednesday, November 16. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, August 23 report. The company was maintained on Tuesday, January 9 by Sandler O'Neill.