Economy

(BAC) Holding; Mercantile Bank (MBWM) Sentiment Is 1.25

Company insiders own 0.18% of the company's stock. About 48.63M shares traded. The company has market cap of $688.54 million.

It closed at $40.5 lastly. It has outperformed by 80.48% the S&P500.

According to Bank of America Corporation's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 63.07%. Old Second National Bank Of Aurora acquired 97,138 shares as Bank America Corp (BAC)'s stock declined 6.00%. The institutional investor held 112,300 shares of the major banks company at the end of 2016Q4, valued at $2.49 million, down from 140,549 at the end of the previous reported quarter.

Bank of America Corporation announced that its board has initiated a share repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $12.00 billion in outstanding shares. The share price has moved forward from its 20 days moving average, trading at a distance of 1.05% and stays -0.67% away from its 50 days moving average. About 62,668 shares traded.

Bank of America Corporation (NYSE:BAC) last posted its earnings results on Tuesday, July 18th. It has outperformed by 41.94% the S&P500. Holderness invested in 1.11% or 56,538 shares. 114 funds opened positions while 214 raised stakes.

Conestoga Capital Advisors Llc holds 2.91% of its portfolio in Vascular Solutions, Inc. for 778,246 shares. Mcf Advsr Ltd Liability, a Kentucky-based fund reported 2,823 shares. Castleark Limited Liability Co accumulated 275,800 shares. Bank of The West now owns 37,344 shares of the financial services provider's stock valued at $881,000 after buying an additional 16,993 shares during the last quarter. West Oak Limited Liability invested in 0% or 3,954 shares. State of Wisconsin Investment Board lifted its stake in shares of Bank of America Corporation by 13.5% during the first quarter. Staley Capital Advisers holds 9,710 shares or 0.02% of its portfolio. Following the sale, the director now directly owns 50,000 shares of the company's stock, valued at approximately $1,208,000.

Among 29 analysts covering Bank of America (NYSE:BAC), 19 have Buy rating, 0 Sell and 10 Hold. Madison Investment Holdings Inc. lifted its holdings in Bank of America Corporation by 45.8% during the 1st quarter. Netherlands-based Pggm Invests has invested 0.33% in CSX Corporation (NASDAQ:CSX). Benzinga.com's news article titled: "22 Stocks Moving In Tuesday's Pre-Market Session" with publication date: September 12, 2017 was also an interesting one.

Shares of Apple Inc. Therefore 79% are positive. Deutsche Bank AG reaffirmed a "hold" rating on shares of Bank of America Corporation in a research report on Monday, July 3rd. The company now has an average rating of "Buy" and a consensus price target of $24.41. UBS upgraded the shares of BAC in report on Wednesday, August 26 to "Neutral" rating. The rating was maintained by BMO Capital Markets with "Hold" on Wednesday, May 31. The stock of Canadian Natural Resource Ltd (USA) (NYSE:CNQ) has "Neutral" rating given on Friday, July 21 by Citigroup. The rating was maintained by FBR Capital on Friday, July 24 with "Mkt Perform". Keefe, Bruyette & Woods reaffirmed a "buy" rating and set a $27.00 price objective on shares of Bank of America Corporation in a research report on Wednesday, June 7th.

Investors sentiment increased to 1.1 in 2016 Q4. Its down 0.03, from 1.15 in 2016Q3. It is positive, as 62 investors sold BAC shares while 560 reduced holdings. Twin Cap Mgmt owns 943,560 shares for 1.34% of their portfolio. Wetherby Asset Mgmt has invested 0.56% in Bank of America Corp (NYSE:BAC). Legacy Cap Prns has 0.63% invested in Bank of America Corp (NYSE:BAC).

More recent LG Display Co Ltd. (ADR) (NYSE:LPL) news were published by: Investorplace.com which released: "Galaxy Note 8 Is the First Samsung Phone to Get Netflix HDR Support" on September 08, 2017. California-based Dodge Cox has invested 3.7% in Bank of America Corp (NYSE:BAC). The daily trading volume average remained 69.41 million shares over the course of 3 months. The original version of this news story can be read at https://stocknewstimes.com/2017/09/13/madison-investment-holdings-inc-grows-stake-in-bank-of-america-corporation-bac.html. Moreover, Ranger Investment Management L.P. has 2.03% invested in the company for 510,125 shares. Redwood Capital accumulated 1.50 million shares or 4.5% of the stock. Train Babcock Ltd invested in 0.89% or 98,110 shares. Cibc World Mkts stated it has 0.15% in Bank of America Corp (NYSE:BAC).

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Investorplace.com which released: "Bank of America Corp (BAC) Stock Is a Buffett-Stamped Buy" on September 06, 2017, also Investorplace.com with their article: "Bank of America Corp (BAC) Stock Has Been "Trumped" published on August 31, 2017, Investorplace.com published: "Bank of America Corp (BAC) Stock: The Dilemma of Right Stock, Wrong Time" on September 11, 2017. Baidu Inc now has $82.13B valuation.

Harris Associates LP decreased Reinsurance Group Amer Inc (NYSE:RGA) stake by 1.06M shares to 723,086 valued at $90.99M in 2016Q4.

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