190,000 Shares of Bank of America Corporation $BAC Acquired by Inspire Trust Co. N.A.

Posted by Geri Gentry on Nov 11th, 2026

Inspire Trust Co. N.A. bought a new position in Bank of America Corporation (NYSE:BAC – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 190,000 shares of the financial services provider’s stock, valued at approximately $10,342,000. Bank of America makes up approximately 1.2% of Inspire Trust Co. N.A.’s investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of BAC. Knights of Columbus Asset Advisors LLC raised its stake in shares of Bank of America by 1.2% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 448,645 shares of the financial services provider’s stock worth $24,420,000 after acquiring an additional 5,384 shares in the last quarter. AMG National Trust Bank boosted its stake in shares of Bank of America by 10.9% in the 3rd quarter. AMG National Trust Bank now owns 48,877 shares of the financial services provider’s stock valued at $2,660,000 after purchasing an additional 4,805 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. boosted its stake in shares of Bank of America by 42.6% in the 3rd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 5,025 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 1,500 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of Bank of America by 15.2% in the 3rd quarter. Lido Advisors LLC now owns 647,855 shares of the financial services provider’s stock valued at $35,263,000 after purchasing an additional 85,521 shares in the last quarter. Finally, Csenge Advisory Group grew its holdings in shares of Bank of America by 13.1% during the 3rd quarter. Csenge Advisory Group now owns 36,075 shares of the financial services provider’s stock valued at $1,964,000 after purchasing an additional 4,179 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America Trading Up 0.3%

Shares of BAC opened at $50.72 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22. The firm’s 50-day moving average price is $54.78 and its 200-day moving average price is $54.87. The firm has a market capitalization of $349.95 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.89 and a beta of 1.19.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.02). Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The firm had revenue of $29.96 billion for the quarter, compared to the consensus estimate of $30.58 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Bank of America Corporation will post 4.51 EPS for the current year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, December 4th. Bank of America’s dividend payout ratio (DPR) is presently 30.40%.

More Bank of America News

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

Neutral Sentiment: Bank of America warned that October inflation could leave the Federal Reserve behind the curve and open the door to a half-point rate hike in December. Higher rates can support bank lending income, but a sharp increase could also weigh on borrowers and the economy. Article: Fed May Be Falling Behind on Inflation
Negative Sentiment: Several law firms repeated notices about a securities class action covering investors who bought BAC shares from August 1, 2025, through October 13, 2026; the lead-plaintiff deadline is December 15. The notices largely reiterate the same case, but the litigation and allegations that the bank misled investors add reputational and potential legal-cost risks. Article: Bank of America Shareholder Class Action
Negative Sentiment: Reports also point to heightened scrutiny over the bank’s anti-money-laundering and sanctions compliance, including Senator Elizabeth Warren’s reported call for a Justice Department criminal probe. Any further investigation could increase legal and reputational risks, though the reports do not establish that a new probe has begun. Article: Bank of America Faces Scrutiny and Class Action
Negative Sentiment: Berkshire Hathaway may have sold more Bank of America shares in the third quarter, according to clues from a filing. The possible sales could weigh on sentiment, although the article says the portfolio disclosure is still pending. Article: Berkshire Hathaway May Have Sold More Bank of America Stock

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BAC shares. Wells Fargo & Company lowered their target price on Bank of America from $69.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Barclays reduced their price target on Bank of America from $72.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. HSBC initiated coverage on Bank of America in a research note on Monday, September 28th. They issued a “buy” rating and a $65.00 price target on the stock. Citigroup lowered their price target on shares of Bank of America from $66.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, October 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and an average target price of $62.48.

View Our Latest Analysis on BAC

Bank of America Profile

(Free Report)

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services. The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.