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.

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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.

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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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