Economy

Bank of America Corporation (BAC) Position Boosted by Fulton Bank NA

A number of other hedge funds also recently bought and sold shares of the stock. Macquarie Research upgraded the stock to "Hold" rating in Tuesday, September 1 report. It has underperformed by 9.16% the S&P500.

Bank Of The West increased Bank Amer Corp (BAC) stake by 130.87% reported in 2017Q2 SEC filing.

Bank of America Corporation is a bank holding company and a financial holding company. The institutional investor owned 107,285 shares of the financial services provider's stock after buying an additional 17,305 shares during the quarter. Bank Amer Corp (Call) now has $267.35B valuation. The stock decreased 0.43% or $0.11 on September 29, reaching $25.34. About 37,666 shares traded. Oppenheimer Asset Mngmt holds 0.55% of its portfolio in Bank of America Corp (NYSE:BAC) for 826,054 shares. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 1.12 in 2017 Q2. Its down 0.03, from 1.15 in 2017Q1.

A number of other large investors have also bought and sold shares of BAC.

Many high profile fund managers have recently purchased to or lowered their position in The corporation. Grisanti Capital Management LLC acquired a new stake in shares of Bank of America Corporation during the 1st quarter worth $153,000. Price T Rowe Associate Md holds 27.49 million shares or 0.12% of its portfolio. Castleark Ltd Liability Corp reported 485,800 shares. Artisan Partners Limited Partnership now owns 10,462,017 shares of the financial services provider's stock valued at $246,799,000 after purchasing an additional 3,764,582 shares during the period.

The most recent open market insider trade was Sell of 25,000 shares on a day where the closing price was 24.16. Pinnacle Advisory invested in 27,822 shares or 0.04% of the stock. Morgan Stanley holds 0% or 469 shares. Holt Capital Advsrs Limited Liability Com Dba Holt Capital Prtn Limited Partnership owns 423,900 shares.

BAC has been the topic of several research analyst reports. National Planning Corp, a California-based fund reported 17,644 shares. Virginia-based Thompson Davis & Inc has invested 1.75% in Bank of America Corp (NYSE:BAC).

Neville Rodie & Shaw Inc. lifted its stake in Bank of America Corporation (NYSE:BAC) by 21.2% during the 2nd quarter, according to its most recent disclosure with the SEC. Bank of America Corporation's dividend payout ratio (DPR) is 28.57%. The firm had a rise in short interest from August 15, 2017 to August 31, 2017 of 0.85%. Therefore 78% are positive. Fidessa Group PLC had 59 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with "Buy" on Thursday, August 4. CIBC restated an "outperform" rating on shares of Bank of America Corporation in a report on Tuesday, July 11th. Keefe Bruyette & Woods has "Outperform" rating and $48 target. As per Thursday, August 10, the company rating was maintained by Wells Fargo. Bank of America Corporation has an average rating of "Buy" and a consensus price target of $24.90. The firm has "Hold" rating given on Tuesday, July 18 by BMO Capital Markets. The firm has "Outperform" rating given on Tuesday, September 22 by Oppenheimer. Bank of America Corp (NYSE:BAC) has risen 58.64% since September 30, 2016 and is uptrending. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Therefore 33% are positive. The rating was maintained by RBC Capital Markets with "Sector Perform" on Monday, July 27. The company was maintained on Tuesday, January 26 by Deutsche Bank. The firm earned "Hold" rating on Tuesday, October 20 by Jefferies. The stock has "Hold" rating by TheStreet on Tuesday, August 4. The stock has "Buy" rating by Jefferies on Thursday, September 14. Renaissance Macro Securities LLC maintained the stock with "Buy" rating in Sunday, July 23 report. The stock has "Buy" rating by Wunderlich on Friday, February 3. The firm has "Overweight" rating given on Wednesday, December 21 by Atlantic Securities.

Investors sentiment increased to 0.94 in Q2 2017. Its down 0.23, from 0.56 in 2017Q1. It dived, as 51 investors sold SNA shares while 170 reduced holdings. Gulf Intl Fincl Bank (Uk) Limited reported 0.04% stake. Srb reported 7,871 shares or 0.03% of all its holdings. Creative Planning reported 0% of its portfolio in Origin Agritech Ltd. (NASDAQ:SEED). Ifrah Fin Services owns 27,300 shares or 0.51% of their USA portfolio. X Mngmt Communications Ltd Co holds 0.01% or 1,220 shares. Florida-based Independent Portfolio Consultants has invested 0.01% in Chemed Corporation (NYSE:CHE). Smith Salley And invested in 24,054 shares or 0.76% of the stock. Sanctuary Wealth Lc invested in 195 shares. Marathon Asset Limited Liability Partnership has 1.42 million shares. Bedrijfstakpensioenfonds Voor De Media Pno holds 231,806 shares. Another trade for 1,034 shares valued at $47,561 was sold by Kenny Peter C. Moreover, Grandeur Peak Advsr Ltd Limited Liability Company has 0.87% invested in Bank Of The Ozarks Inc (NASDAQ:OZRK). Inv Of Virginia Limited Co owns 8,560 shares.

Analysts await Bank Of The Ozarks Inc (NASDAQ:OZRK) to report earnings on October, 10. During the same period in the prior year, the business posted $0.41 earnings per share. SNA's profit will be $139.92 million for 15.33 P/E if the $2.43 EPS becomes a reality. Suntrust Banks Incorporated reported 2,581 shares. The ex-dividend date of this dividend is Wed, Aug 30th.

Oxbow Advisors Llc decreased Flaherty & Crumrine / Claymore (FFC) stake by 102,611 shares to 23,301 valued at $512,000 in 2017Q2. Of those holders, 872 had increased positions amounting to 301.85 million shares, 781 had decreased positions amounting to 336.31 million shares, and 225 holders have a held position accounting for 6.02 billion shares.

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