Bank of America (BAC) Gets a Hold Rating from Jefferies

In a report issued on April 17, Ken Usdin from Jefferies maintained a Hold rating on Bank of America (BAC), with a price target of $43.00. The company’s shares closed last Thursday at $42.01, close to its 52-week high of $42.06.

According to, Usdin is a top 100 analyst with an average return of 25.0% and a 80.1% success rate. Usdin covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, People’s United Financial, and Texas Capital Bancshares.

Bank of America has an analyst consensus of Moderate Buy, with a price target consensus of $43.23, representing a 4.2% upside. In a report issued on April 16, UBS also maintained a Hold rating on the stock with a $37.00 price target.

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The company has a one-year high of $42.06 and a one-year low of $20.10. Currently, Bank of America has an average volume of 50.73M.

Based on the recent corporate insider activity of 104 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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