5 Best Bank Dividend Stocks

2. Bank of America Corporation (NYSE: BAC)

Number of Hedge Fund Holders: 97
Dividend Yield: 2%

Bank of America Corporation (NYSE: BAC) is a provider of banking and financial products and services across the globe. The company ranks 2nd on our list of the best bank dividend stocks.

Analyst David Konrad at Keefe Bruyette has assumed coverage of Bank of America Corporation (NYSE: BAC) shares this July with a Market Perform rating. The analyst also placed a $40 price target on the shares.

In the second quarter of 2021, Bank of America Corporation (NYSE: BAC) had an EPS of $1.03, beating estimates by $0.27. The company’s revenue was $21.47 billion, but missing estimates by $330.18 million. Bank of America Corporation (NYSE: BAC) has also gained 21.85% in the past 6 months and 25.54% year to date.

By the end of the first quarter of 2021, 97 hedge funds out of the 866 tracked by Insider Monkey held stakes in Bank of America Corporation (NYSE: BAC) worth roughly $45.3 billion. This is compared to 99 hedge funds in the previous quarter with a total stake value of approximately $35.3 billion.