AT Bancorp Buys New Position in Bank of America Corporation (BAC)

Marcus Newton
October 11, 2017

Integrated Investment Consultants LLC now owns 4,368 shares of the financial services provider's stock valued at $103,000 after buying an additional 500 shares during the last quarter. La Quinta Holdings Inc (NYSE:LQ) has risen 19.42% since October 9, 2016 and is uptrending. It has outperformed by 4.65% the S&P500. Steinberg Global Asset Management sold 21,547 shares as Bank Amer Corp (BAC)'s stock declined 6.00%. The Wexford Capital Lp holds 142,623 shares with $3.46M value, down from 283,670 last quarter. About 23.34M shares traded.

Bank of America Corporation (NYSE:BAC) attracting analysts when it go through a change of -0.43% in the current trading session to trade at $25.74. It has outperformed by 41.94% the S&P500. Vetr raised Bank of America Corporation from a "buy" rating to a "strong-buy" rating and set a $26.59 target price for the company in a research report on Wednesday, August 30th. Therefore 36% are positive. Bank of America had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with "Equal Weight" on Tuesday, January 3. The firm earned "Market Perform" rating on Monday, April 3 by Wells Fargo.

The good news is there's still room for Bank of America Corporation (BAC) to grow. The ratio dropped, as 697 funds opened new and increased equity positions, while 622 sold and reduced their positions in Bank Of America Corp. Peel Hunt maintained it with "Buy" rating and GBX 250 target in Friday, October 6 report. The firm earned "Neutral" rating on Tuesday, April 4 by Citigroup. Deutsche Bank maintained it with "Buy" rating and GBX 300 target in Wednesday, February 1 report. Jpmorgan Chase And stated it has 183.26M shares or 1.02% of all its holdings. Balyasny Asset Mngmt Lc has 327,118 shares for 0.07% of their portfolio. Ishares Tr (EFA) was raised too. Keefe Bruyette & Woods downgraded Bank of America Corp (NYSE:BAC) rating on Monday, May 16. They expect $1.60 earnings per share, down 33.33% or $0.80 from last year's $2.4 per share. As of the latest earnings report the EPS was $1.68 and is expected to be $1.80 for the current year with 10,516,450,000 shares presently outstanding.

Investors sentiment decreased to 1.12 in Q2 2017. Its down -0.06, from 0.86 in 2017Q1. It turned negative, as 79 investors sold BAC shares while 543 reduced holdings.

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These funds have shifted positions in (BAC). Sage Group Inc reported 1,016 shares. Bank of America Corporation has a 1-year low of $15.60 and a 1-year high of $26.30. 27,148 are held by Btr Capital Mngmt Incorporated. In the most recent quarter, institutional ownership decreased by a net of 29.46 million shares, or 0.44%.This is a bearish sign and indicates that institutions are feeling more pessimistic about the outlook for BAC overall.864 holders increased their positions, 763 decreased their positions, and 221 holders held their positions. Company insiders own 0.18% of the company's stock. Donaldson Ltd Liability Com invested in 0.07% or 25,262 shares. Peak6 Investments Ltd Partnership has invested 0.05% of its portfolio in Bank of America Corp (NYSE:BAC). Finally, Russell Investments Group Ltd. increased its position in Bank of America Corporation by 0.5% in the first quarter. Sumitomo Mitsui Asset Management Ltd has 796,609 shares for 0.31% of their portfolio. Cape Cod Five Cents Retail Bank accumulated 0.11% or 29,444 shares. Sonata Cap Gp reported 8,598 shares. (NASDAQ:PLUS). State Street invested in 325,711 shares.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. Therefore 40% are positive. Evertec had 15 analyst reports since August 14, 2015 according to SRatingsIntel. Macquarie Research upgraded the stock to "Hold" rating in Tuesday, September 1 report. Analysts have a mean recommendation of 2.10 on this stock. Barclays Capital maintained Manx Telecom PLC (LON:MANX) on Wednesday, July 13 with "Overweight" rating. The short ratio in the company's stock is documented at 1.6 and the short float is around of 1.02%. The company was downgraded on Monday, December 5 by Cowen & Co. The stock has "Neutral" rating by Guggenheim on Tuesday, November 15.

EVERTEC, a transaction processing company. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide 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. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other. The Firm provides a range of merchant acquiring, payment processing and business process management services. It has a 50.66 P/E ratio.

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