Bank of America (BAC) Gets a Hold Rating from Robert W. Baird

In a report issued on April 18, David George from Robert W. Baird maintained a Hold rating on Bank of America (BACResearch Report), with a price target of $42.00. The company’s shares closed last Tuesday at $39.57.

According to, George is a 4-star analyst with an average return of 10.5% and a 61.5% success rate. George covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Capital One Financial, and Huntington Bancshares.

Bank of America has an analyst consensus of Moderate Buy, with a price target consensus of $48.50, a 23.7% upside from current levels. In a report issued on April 18, KBW also reiterated a Hold rating on the stock.

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Based on Bank of America’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $23.23 billion and net profit of $7.07 billion. In comparison, last year the company earned revenue of $22.82 billion and had a net profit of $8.05 billion.

Based on the recent corporate insider activity of 184 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAC in relation to earlier this year.

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Bank of America Corp. provides banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

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