As Bank Amer Corp (BAC) Stock Rose, Shareholder Maltese Capital Management LLC Trimmed Position by $11.87 Million

Bank of America Corporation (NYSE:BAC) LogoInvestors sentiment increased to 1.01 in 2018 Q2. Its up 0.06, from 0.95 in 2018Q1. It increased, as 69 investors sold BAC shares while 595 reduced holdings. 112 funds opened positions while 557 raised stakes. 6.48 billion shares or 2.75% less from 6.66 billion shares in 2018Q1 were reported. 396,392 were reported by Miracle Mile Advsr Limited Liability. Livingston Gru Asset Mngmt (Operating As Southport Management) holds 19,606 shares. First Merchants Corp owns 12,767 shares. Dnb Asset Mngmt As holds 0% in Bank of America Corporation (NYSE:BAC) or 6.16 million shares. Baxter Bros holds 67,286 shares. Moreover, Edgemoor Investment Advisors Inc has 0.04% invested in Bank of America Corporation (NYSE:BAC) for 11,117 shares. Brown Advisory Ltd Liability Co invested 0.46% in Bank of America Corporation (NYSE:BAC). Capital Investment Advsr Ltd Liability Co holds 448,996 shares. Cibc Ww Mkts holds 0.28% or 2.27M shares in its portfolio. 23,730 are held by Wms Prns Limited Liability Co. North American has 12,909 shares. Lincoln has invested 0.07% in Bank of America Corporation (NYSE:BAC). Everett Harris & Ca owns 2.18% invested in Bank of America Corporation (NYSE:BAC) for 2.84M shares. Cullen Frost Bankers has 0.72% invested in Bank of America Corporation (NYSE:BAC) for 825,346 shares. Kornitzer Mgmt Inc Ks stated it has 82,666 shares or 0.04% of all its holdings.

Maltese Capital Management Llc decreased its stake in Bank Amer Corp (BAC) by 40.67% based on its latest 2018Q2 regulatory filing with the SEC. Maltese Capital Management Llc sold 423,800 shares as the company’s stock rose 1.98% with the market. The institutional investor held 618,300 shares of the major banks company at the end of 2018Q2, valued at $17.43M, down from 1.04M at the end of the previous reported quarter. Maltese Capital Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $257.92 billion market cap company. The stock decreased 2.09% or $0.56 during the last trading session, reaching $26.28. About 133.29M shares traded or 106.31% up from the average. Bank of America Corporation (NYSE:BAC) has risen 27.06% since December 7, 2017 and is uptrending. It has outperformed by 11.44% the S&P500.

Maltese Capital Management Llc, which manages about $1.71 billion and $1.50 billion US Long portfolio, upped its stake in First Mid Ill Bancshares Inc (NASDAQ:FMBH) by 148,252 shares to 226,262 shares, valued at $8.89M in 2018Q2, according to the filing. It also increased its holding in Hope Bancorp Inc by 185,043 shares in the quarter, for a total of 515,280 shares, and has risen its stake in Home Bancshares Inc (NASDAQ:HOMB).

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 16. They expect $0.64 EPS, up 36.17 % or $0.17 from last year’s $0.47 per share. BAC’s profit will be $6.28 billion for 10.27 P/E if the $0.64 EPS becomes a reality. After $0.66 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -3.03 % negative EPS growth.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Investorplace.com which released: “Monday’s Vital Data: Exxon Mobil, Bank of America, and American Airlines – Investorplace.com” on November 26, 2018, also Seekingalpha.com with their article: “Banks fall premarket after Citi, JPMorgan note weak trading – Seeking Alpha” published on December 06, 2018, Seekingalpha.com published: “Blackstone plans IPO of U.S. benefits manager Alight: Reuters – Seeking Alpha” on December 05, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Bizjournals.com and their article: “Banking Roundup: Wells Fargo fires district managers over improper sales practices… BofA shakes up management – New York Business Journal” published on December 05, 2018 as well as Bizjournals.com‘s news article titled: “BofA opening first retail branch in this Midwestern city – Charlotte Business Journal” with publication date: December 06, 2018.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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