Bank of America Corporation $BAC Stock Bought by Whitener Capital Management Inc.

Posted by Stanley Muller on Oct 16th, 2026

Whitener Capital Management Inc. grew its holdings in shares of Bank of America Corporation (NYSE:BAC) by 182.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,367 shares of the financial services provider’s stock after acquiring an additional 33,202 shares during the period. Whitener Capital Management Inc.’s holdings in Bank of America were worth $2,796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Turim 21 Investimentos Ltda. acquired a new position in shares of Bank of America in the second quarter worth about $25,000. Cherry Tree Wealth Management LLC boosted its holdings in Bank of America by 167.6% in the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Principia Wealth Advisory LLC boosted its holdings in Bank of America by 69.9% in the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 218 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Bank of America during the 2nd quarter valued at approximately $34,000. Finally, Vermillion Wealth Management Inc. grew its stake in Bank of America by 199.1% during the 1st quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 438 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Stock Performance

Shares of BAC stock opened at $51.65 on Friday. The stock has a market capitalization of $361.15 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.83 and a beta of 1.21. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22. The company’s 50-day simple moving average is $59.29 and its 200-day simple moving average is $56.72. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The firm had revenue of $29.96 billion during the quarter, compared to analyst estimates of $30.58 billion. During the same quarter last year, the business posted $1.06 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities analysts anticipate that Bank of America Corporation will post 4.60 earnings per share for the current fiscal year.

Bank of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, September 4th. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s payout ratio is 29.36%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BAC shares. Wells Fargo & Company dropped their price objective on Bank of America from $69.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday. Royal Bank Of Canada reduced their target price on Bank of America from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday. Citigroup reduced their target price on Bank of America from $66.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Bank of America from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday. Twenty equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.52.

Check Out Our Latest Analysis on BAC

Key Stories Impacting Bank of America

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

Positive Sentiment: Net interest income increased 8% year over year to approximately $16.4 billion, while average loans rose 6% and deposits grew 2%. Management also targeted at least 8% net-interest-income growth in 2027, supported by loan and deposit expansion. BAC Q3 Earnings Call Highlights NII Growth and Trading Pressure
Positive Sentiment: Consumer banking and wealth management remained areas of strength, with Merrill’s fee-based advisory assets reaching a record $1.9 trillion. Bank of America also returned $8.3 billion to shareholders through dividends and share repurchases. Merrill Lynch’s Fee-Based Advisory Assets Just Hit a Record $1.9 Trillion
Positive Sentiment: Despite lower targets, several analysts retained favorable views. Baird upgraded BAC to “outperform,” while Citigroup, Truist and Keefe, Bruyette & Woods maintained buy or outperform ratings. The revised targets remain above the current share price.
Neutral Sentiment: Bank of America said it has added roughly 1,000 contractors alongside 3,000 employees to address software vulnerabilities identified by advanced AI tools. The spending pressures near-term expenses but could reduce technology and operational risk over time. Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos
Negative Sentiment: Regulators imposed more than $1.2 billion in penalties for failures involving anti-money-laundering, Bank Secrecy Act and sanctions compliance, including the failure to report more than $5 billion in suspicious transactions. The charge reduced reported third-quarter EPS and raised concerns about management’s controls and potential remediation costs. Bank of America profit hurt by $1.2 billion fine over anti-money laundering shortcomings
Negative Sentiment: Third-quarter adjusted EPS of $1.08 and revenue of roughly $30.0 billion missed consensus estimates. Fixed-income trading revenue fell 17%, investment-banking activity weakened, expenses grew faster than revenue, and credit-loss provisions reached approximately $1.3 billion. Analysts subsequently lowered price targets, including Morgan Stanley, TD Cowen, Piper Sandler and Citigroup.
Negative Sentiment: Multiple law firms announced investigations into potential securities-law violations or breaches of fiduciary duty following the penalty and earnings miss. These notices do not establish liability but add reputational and potential litigation risk for BAC investors.

Bank of America Profile

(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.

Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice.