40% Of This Bank of America Insider's Holdings Were Sold

From what we can see, insiders were net sellers in Bank of America Corporation's (NYSE:BAC ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

The Last 12 Months Of Insider Transactions At Bank of America

Over the last year, we can see that the biggest insider sale was by the Co-President, James DeMare, for US$6.8m worth of shares, at about US$45.57 per share. That means that an insider was selling shares at slightly below the current price (US$53.20). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 40% of James DeMare's stake. The only individual insider seller over the last year was James DeMare.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Bank of America NYSE:BAC Insider Trading Volume November 9th 2025

For those who like to find hidden gems this freelist of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Bank of America

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Bank of America insiders own 0.2% of the company, currently worth about US$639m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Bank of America Insiders?

The fact that there have been no Bank of America insider transactions recently certainly doesn't bother us. While we feel good about high insider ownership of Bank of America, we can't say the same about the selling of shares. Therefore, you should definitely take a look at this FREEreport showing analyst forecasts for Bank of America.

Story continues

But note: Bank of America may not be the best stock to buy. So take a peek at this freelist of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

View comments