On this Friday, price objectives on shares of Bank of America Corp have been raise from $21.00 to $22.00 in a recent report released.

Bank of America Corp (NYSE: BAC) traded down 0.665% during mid-day trading on Friday, hitting $15.983. 46,211,398 shares of the company’s stock traded hands. Bank of America Corp has a 52 week low of $14.370 and a 52 week high of $18.210. The stock has a 50-day moving average of $16.0 and a 200-day moving average of $16.6. The company has a market cap of $168.08 billion and a price-to-earnings ratio of 44.397.

Bank of America Corp (NYSE: BAC) last released its earnings data on Thursday, January 15th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.07. The company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $21.33 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts predict that Bank of America Corp will post $1.410 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Wednesday, March 4th.

A number of other analysts have also recently weighed in on BAC. Analysts at Citigroup Inc. reiterated a “buy” rating and set a $18.00 price target (down previously from $19.00) on shares of Bank of America Corp in a research note on Monday, March 2nd. Analysts at Zacks downgraded shares of Bank of America Corp from a “neutral” rating to an “underperform” rating and set a $15.00 price target on the stock in a research note on Thursday, February 26th. Analysts at Vetr downgraded shares of Bank of America Corp from a “buy” rating to a “hold” rating and set a $17.16 price target on the stock in a research note on Thursday, February 12th. Finally, analysts at BMO Capital Markets initiated coverage on shares of Bank of America Corp in a research note on Wednesday, February 11th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$18.56.

Bank of America Corporation (NYSE: BAC) is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, institutional investors, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.