Shares of Banco Bradesco SA (NYSE:BBD) have earned a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.30.
Several research analysts have weighed in on BBD shares. Zacks Investment Research raised Banco Bradesco SA from a “sell” rating to a “hold” rating in a research report on Thursday, March 30th. Scotiabank raised Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 11th. Finally, ValuEngine raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd.
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Several hedge funds have recently added to or reduced their stakes in the stock. Hanseatic Management Services Inc. raised its position in shares of Banco Bradesco SA by 0.3% in the first quarter. Hanseatic Management Services Inc. now owns 89,657 shares of the bank’s stock worth $918,000 after buying an additional 270 shares in the last quarter. Ronald Blue & Co. LLC raised its position in shares of Banco Bradesco SA by 4.4% in the first quarter. Ronald Blue & Co. LLC now owns 10,961 shares of the bank’s stock worth $112,000 after buying an additional 466 shares in the last quarter. US Bancorp DE raised its position in shares of Banco Bradesco SA by 4.4% in the first quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock worth $113,000 after buying an additional 468 shares in the last quarter. World Asset Management Inc raised its position in shares of Banco Bradesco SA by 1.4% in the first quarter. World Asset Management Inc now owns 173,044 shares of the bank’s stock worth $1,772,000 after buying an additional 2,459 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Banco Bradesco SA by 1.9% in the first quarter. Comerica Bank now owns 162,383 shares of the bank’s stock worth $1,713,000 after buying an additional 2,994 shares in the last quarter. Institutional investors own 2.74% of the company’s stock.
Banco Bradesco SA (NYSE BBD) traded up 1.10% during trading on Monday, reaching $8.25. The company’s stock had a trading volume of 9,064,188 shares. Banco Bradesco SA has a 12 month low of $6.28 and a 12 month high of $10.37. The company’s 50-day moving average is $8.95 and its 200-day moving average is $8.90. The stock has a market cap of $50.20 billion, a PE ratio of 9.16 and a beta of 1.73.
Banco Bradesco SA (NYSE:BBD) last announced its earnings results on Thursday, April 27th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The company had revenue of $13.25 billion for the quarter. Banco Bradesco SA had a return on equity of 17.32% and a net margin of 9.08%. Equities analysts expect that Banco Bradesco SA will post $0.94 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Tuesday, August 8th. Investors of record on Thursday, July 6th will be paid a dividend of $0.006 per share. The ex-dividend date of this dividend is Monday, July 3rd. This represents a dividend yield of 0.75%. Banco Bradesco SA’s payout ratio is 7.95%.
About Banco Bradesco SA
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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