Bank of America Q1 EPS Estimate Boosted by Seaport Res Ptn

Bank of America Co. (NYSE:BAC) – Analysts at Seaport Res Ptn raised their Q1 2025 earnings estimates for Bank of America in a research note issued to investors on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will earn $0.85 per share for the quarter, up from their prior estimate of $0.82. The consensus estimate for Bank of America’s current full-year earnings is $3.70 per share. Seaport Res Ptn also issued estimates for Bank of America’s Q2 2025 earnings at $0.90 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.99 EPS, Q1 2026 earnings at $1.01 EPS, Q2 2026 earnings at $1.14 EPS, Q3 2026 earnings at $1.18 EPS and Q4 2026 earnings at $1.23 EPS.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $25.30 billion during the quarter, compared to analysts’ expectations of $25.12 billion. Bank of America had a return on equity of 10.29% and a net margin of 14.10%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS.

A number of other research analysts have also issued reports on BAC. Baird R W upgraded shares of Bank of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Morgan Stanley increased their target price on Bank of America from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Barclays lifted their price target on Bank of America from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Hsbc Global Res upgraded Bank of America from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Truist Financial decreased their target price on shares of Bank of America from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.31.

Bank of America Price Performance

Shares of NYSE BAC opened at $34.37 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $261.32 billion, a PE ratio of 10.67, a P/E/G ratio of 1.21 and a beta of 1.32. The stock has a fifty day moving average price of $43.74 and a 200 day moving average price of $43.91. Bank of America has a 1-year low of $33.67 and a 1-year high of $48.08.

Institutional Trading of Bank of America

Hedge funds and other institutional investors have recently bought and sold shares of the company. Collier Financial acquired a new position in Bank of America in the fourth quarter valued at $25,000. Life Planning Partners Inc grew its holdings in Bank of America by 3,883.2% in the 4th quarter. Life Planning Partners Inc now owns 559,995 shares of the financial services provider’s stock valued at $25,000 after buying an additional 545,936 shares during the period. Graney & King LLC acquired a new position in shares of Bank of America during the 4th quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in shares of Bank of America during the 4th quarter worth about $29,000. Finally, Vega Investment Solutions purchased a new stake in Bank of America in the fourth quarter valued at approximately $30,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Friday, March 7th. Bank of America’s payout ratio is 32.30%.

Bank of America Company Profile

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.