1St Source Bank Has Lifted Bank Of America (BAC) Holding; QS ENERGY (QSEP) SI Increased By 49.18%

July 17, 2017 - By Adrian Mccoy

1St Source Bank increased Bank Of America Corp (BAC) stake by 84.14% reported in 2016Q4 SEC filing. 1St Source Bank acquired 21,236 shares as Bank Of America Corp (BAC)’s stock declined 6.00%. The 1St Source Bank holds 46,475 shares with $1.03M value, up from 25,239 last quarter. Bank Of America Corp now has $235.70B valuation. The stock declined 0.56% or $0.14 reaching $24.08 on the news. About 34.02 million shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since July 17, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

QS ENERGY INCORPORATED (OTCMKTS:QSEP) had an increase of 49.18% in short interest. QSEP’s SI was 9,100 shares in July as released by FINRA. Its up 49.18% from 6,100 shares previously. About 82,572 shares traded. QS Energy Inc (OTCMKTS:QSEP) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

QS Energy, Inc., formerly Save The World Air, Inc., develops and commercializes energy efficiency technologies. The company has market cap of $38.14 million. The Firm provides the energy industry with industrial equipment that are designed to deliver measurable performance improvements to crude oil pipelines. It currently has negative earnings. The Company’s primary technology is called Applied Oil Technology , a commercial-grade crude oil pipeline transportation flow-assurance product.

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.09, from 1.01 in 2016Q3. It improved, as 62 investors sold BAC shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. 6.48 billion shares or 6.26% more from 6.10 billion shares in 2016Q3 were reported. 20.81 million were reported by Brandywine Glob Inv Management Lc. Grp One Trading Ltd Partnership holds 0.07% of its portfolio in Bank of America Corp (NYSE:BAC) for 330,930 shares. Moreover, Schwab Charles Inv Mgmt Inc has 0.79% invested in Bank of America Corp (NYSE:BAC) for 32.55M shares. Blackrock Invest Management Ltd Limited Liability Company has invested 0.89% of its portfolio in Bank of America Corp (NYSE:BAC). Calamos Wealth Limited Liability Corporation, a Illinois-based fund reported 146,348 shares. Zwj Counsel invested 0.05% in Bank of America Corp (NYSE:BAC). Baker Avenue Asset Lp owns 36,080 shares for 0.11% of their portfolio. Boothbay Fund Mngmt Ltd Liability invested in 0.11% or 14,617 shares. Linscomb And Williams has invested 0.05% in Bank of America Corp (NYSE:BAC). Guardian Investment Mgmt reported 126,392 shares. Phocas Corp reported 0.62% of its portfolio in Bank of America Corp (NYSE:BAC). Hm Payson & has invested 0.4% in Bank of America Corp (NYSE:BAC). Laurel Grove Cap Limited Liability Corporation accumulated 0.26% or 21,612 shares. Mackay Shields Ltd Liability has 666,299 shares for 0.7% of their portfolio. Advsr Capital Limited Liability accumulated 1% or 471,798 shares.

Among 28 analysts covering Bank of America (NYSE:BAC), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Bank of America had 67 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird upgraded Bank of America Corp (NYSE:BAC) on Tuesday, August 25 to “Neutral” rating. The stock of Bank of America Corp (NYSE:BAC) has “Mkt Perform” rating given on Monday, August 24 by Bruyette & Woods”. The stock of Bank of America Corp (NYSE:BAC) earned “Outperform” rating by CLSA on Friday, September 23. Keefe Bruyette & Woods downgraded Bank of America Corp (NYSE:BAC) rating on Monday, May 16. Keefe Bruyette & Woods has “Market Perform” rating and $16 target. Wells Fargo upgraded Bank of America Corp (NYSE:BAC) on Thursday, September 10 to “Outperform” rating. The company was maintained on Wednesday, October 7 by Jefferies. The stock of Bank of America Corp (NYSE:BAC) has “Outperform” rating given on Saturday, September 5 by Oppenheimer. The firm earned “Outperform” rating on Friday, January 29 by Credit Agricole. Deutsche Bank maintained it with “Buy” rating and $17 target in Tuesday, January 26 report. The firm has “Neutral” rating by UBS given on Wednesday, August 26.

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