tiprankstipranks
Blurbs

Robert W. Baird Sticks to Its Hold Rating for Bank of America (BAC)

In a report issued on May 5, 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 Friday at $37.45, close to its 52-week low of $35.40.

According to TipRanks.com, George is a 5-star analyst with an average return of 10.0% and a 60.5% 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 $46.67, which is a 24.9% upside from current levels. In a report issued on April 20, Berenberg Bank also maintained a Hold rating on the stock with a $42.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $50.11 and a one-year low of $35.40. Currently, Bank of America has an average volume of 52.5M.

Based on the recent corporate insider activity of 181 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on BAC:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More