After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Affluent Diverse Communities Report Strong Focus on Giving Back and Setting Up Future Generations.
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Stocks Info
BAC belongs to the Financial sector of the NYSE while operating in the Banks – Diversified industry. At the end of the last regular session, the stock closed at $32.77 and fluctuated between $32.82 as its day high and $32.39 as its day low. The current market capitalization of Bank Of America Corp. is $259.33B. A total of 29.99 million shares were traded on the day, compared to an average of 44.83M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BAC has seen 5 BUY and 4 SELL insider trades, representing the acquisition of 49,658 and the disposition of 21,979 shares. Over the last 12 months, there were 117 BUYs and 118 SELLs from insiders. Insiders purchased 3,762,533 shares during that period but sold 2,438,227.
In the most recent transaction, BANK OF AMERICA CORP /DE/ bought 5,398 shares of BAC for 10.56 per share on Dec 27. After the transaction, the 10% Owner now owns 5,398 company shares. In a previous transaction on Dec 15, BANK OF AMERICA CORP /DE/ sold 900 shares at 9.72 per share. BAC shares that 10% Owner owns now total 0.
Among the insiders who bought shares, BANK OF AMERICA CORP /DE/ acquired of 900 shares on Dec 13 at a per-share price of $9.58. This resulted in the 10% Owner holding 900 shares of BAC after the transaction. In another insider transaction, BANK OF AMERICA CORP /DE/ bought 44,985 shares at $9.97 per share on Nov 20. Company shares held by the 10% Owner now total 44,985.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Bank Of America Corp. pays an annual dividend of $1.00, resulting in a dividend yield of 3.05%, and it has a price to earnings (P/E) ratio of 10.67. BAC’s most recent ex-dividend date was 11/30/2023 when it declared a $0.24 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 8/31/2023. The BAC stock dividend was $0.24 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BAC in the last 3 months, the mean price target is $37.26 with high estimates of $49.00 and low estimates of $30.00. In terms of 52-week highs and lows, BAC has a high of $37.00 and a low of $24.96.
As of this writing, BAC has an earnings estimate of $Bank of America Corporation per share for the current quarter. EPS was calculated based on a consensus of Boeing Company (The) estimates, with a high estimate of $Lithium Americas Corp. per share and a lower estimate of $BTC.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $33.34, while its Total Shareholder’s Equity was $270.07B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BAC is Buy with a score of 3.81.
