Somewhat Negative Press Coverage Somewhat Likely to Affect Bank of America Corporation (BAC) Share Price

News articles about Bank of America Corporation (NYSE:BAC) have trended somewhat negative on Friday, according to AlphaOne Sentiment Analysis. The research group, a service of Accern, rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bank of America Corporation earned a news impact score of -0.02 on AlphaOne’s scale. AlphaOne also gave press coverage about the financial services provider an impact score of 54 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have impacted AlphaOne Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for Bank of America Corporation (NYSE:BAC)

Several brokerages have commented on BAC. Vetr raised Bank of America Corporation from a “hold” rating to a “buy” rating and set a $24.52 price target on the stock in a research report on Thursday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $27.00 price target on shares of Bank of America Corporation in a research report on Wednesday, June 7th. Credit Suisse Group reaffirmed a “buy” rating on shares of Bank of America Corporation in a research report on Sunday, June 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Bank of America Corporation in a research report on Friday, May 5th. Finally, Zacks Investment Research downgraded Bank of America Corporation from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.81.

Shares of Bank of America Corporation (NYSE BAC) traded down 0.42% during trading on Friday, hitting $23.44. The stock had a trading volume of 40,074,379 shares. The stock has a market capitalization of $246.51 billion, a price-to-earnings ratio of 14.42 and a beta of 1.32. Bank of America Corporation has a one year low of $12.05 and a one year high of $25.80. The stock has a 50 day moving average price of $23.36 and a 200-day moving average price of $23.29. Bank of America Corporation also saw some unusual options trading on Wednesday. Stock investors purchased 122,748 put options on the stock. This represents an increase of approximately 146% compared to the typical daily volume of 49,798 put options.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 2nd will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.30 annualized dividend and a dividend yield of 1.27%. Bank of America Corporation’s payout ratio is 18.99%.

In other Bank of America Corporation news, Director Thomas D. Woods purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were bought at an average price of $23.81 per share, for a total transaction of $595,250.00. Following the purchase, the director now owns 40,830 shares in the company, valued at approximately $972,162.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

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About Bank of America Corporation

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. 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 segments: 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.

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