BAC Stock: Robert W. Baird Reiterates Bank of America As a Hold; They Now Have a Price Target Of $24.0

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Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. It dropped, as 79 investors sold Bank of America Corp shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported.

Waldron L P holds 0.08% or 10,309 shares. Pure Advsrs holds 11,432 shares or 0.07% of its portfolio. Ahl Prns Ltd Liability Partnership owns 48,767 shares for 0.03% of their portfolio. Davidson Inv Advsr reported 459,914 shares. Buckhead Mngmt Limited Liability Com reported 1.4% of its portfolio in Bank of America Corp (NYSE:BAC). Natl Bank Of Montreal Can stated it has 0.81% in Bank of America Corp (NYSE:BAC). Phocas Corp reported 0.01% in Bank of America Corp (NYSE:BAC). Toscafund Asset Mngmt Llp holds 25.06% in Bank of America Corp (NYSE:BAC) or 1.95 million shares. Axa invested 0.35% in Bank of America Corp (NYSE:BAC). Supplemental Annuity Collective Trust Of Nj holds 149,573 shares. Calamos Wealth Management Limited Liability Company holds 258,587 shares or 0.89% of its portfolio. Kemnay Advisory Svcs Inc stated it has 209,302 shares or 2.94% of all its holdings. Greenwood Capital Associates Limited Liability Company invested 1.59% of its portfolio in Bank of America Corp (NYSE:BAC). 43,942 were reported by Burney. Fayez Sarofim & Com reported 303,885 shares.

Bank of America (NYSE:BAC) Rating Reaffirmed

In a note published on Friday morning, The Hold rating of Bank of America (NYSE:BAC) shares was maintained at Robert W. Baird, who now has a $24.0 TP on the stock. Robert W. Baird’s TP gives a possible downside of -12.02 % from the close price of the company.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. It dropped, as 79 investors sold Bank of America Corp shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported.

Waldron L P holds 0.08% or 10,309 shares. Pure Advsrs holds 11,432 shares or 0.07% of its portfolio. Ahl Prns Ltd Liability Partnership owns 48,767 shares for 0.03% of their portfolio. Davidson Inv Advsr reported 459,914 shares. Buckhead Mngmt Limited Liability Com reported 1.4% of its portfolio in Bank of America Corp (NYSE:BAC). Natl Bank Of Montreal Can stated it has 0.81% in Bank of America Corp (NYSE:BAC). Phocas Corp reported 0.01% in Bank of America Corp (NYSE:BAC). Toscafund Asset Mngmt Llp holds 25.06% in Bank of America Corp (NYSE:BAC) or 1.95 million shares. Axa invested 0.35% in Bank of America Corp (NYSE:BAC). Supplemental Annuity Collective Trust Of Nj holds 149,573 shares. Calamos Wealth Management Limited Liability Company holds 258,587 shares or 0.89% of its portfolio. Kemnay Advisory Svcs Inc stated it has 209,302 shares or 2.94% of all its holdings. Greenwood Capital Associates Limited Liability Company invested 1.59% of its portfolio in Bank of America Corp (NYSE:BAC). 43,942 were reported by Burney. Fayez Sarofim & Com reported 303,885 shares.

Bank of America Corp (NYSE:BAC) Ratings Coverage

Among 30 analysts covering Bank of America (NYSE:BAC), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Bank of America has $30 highest and $15 lowest target. $23.93’s average target is -12.28% below currents $27.28 stock price. Bank of America had 94 analyst reports since July 21, 2015 according to SRatingsIntel. Renaissance Macro Securities LLC maintained Bank of America Corp (NYSE:BAC) on Sunday, July 23 with “Buy” rating. The rating was downgraded by Berenberg to “Hold” on Monday, April 24. The firm has “Hold” rating given on Friday, October 13 by BMO Capital Markets. KBW upgraded the stock to “Buy” rating in Tuesday, September 1 report. The stock has “Neutral” rating by Robert W. Baird on Wednesday, November 16. The firm earned “Neutral” rating on Tuesday, November 15 by Guggenheim. On Wednesday, October 7 the stock rating was maintained by Jefferies with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, July 18 report. The firm earned “Neutral” rating on Monday, October 16 by UBS. The rating was downgraded by Standpoint Research to “Hold” on Thursday, December 1.

About 31.46 million shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since November 28, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Analysts expect Bank of America Corp (NYSE:BAC) to report $0.47 EPS on January, 12.They anticipate $0.07 EPS change or 17.50 % from last quarter’s $0.4 EPS. BAC’s profit would be $4.90 billion giving it 14.52 P/E if the $0.47 EPS is correct. After having $0.48 EPS previously, Bank of America Corp’s analysts see -2.08 % EPS growth.

Bank of America Corporation is a bank holding firm and a financial holding company. The company has market cap of $284.55 billion. The Firm is a financial institution, serving individual clients and others with a range of banking, investing, asset management and other financial and risk management services and products. It has a 15.82 P/E ratio. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business divisions: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Dividend.com which released: “Bank of America Corp Leads 250 Stocks Going Ex-Dividend This Week” on November 27, 2017, also Investorplace.com with their article: “Bank of America Corp Stock: How to Have Your Cake and Eat It Too” published on November 13, 2017, Investorplace.com published: “4 Reasons Bank of America Corp Stock Is as Good as It Gets” on November 09, 2017. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Investorplace.com and their article: “Where Bank of America Corp Fails and Succeeds in One Simple Chart” published on November 15, 2017 as well as Bloomberg.com‘s news article titled: “Ex-Bank of America Trader Fined $79500 for Market Abuse” with publication date: November 22, 2017.

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