Bayesian Capital Management LP Has $75,000 Position in Banco Bradesco S.A. (NYSE:BBD)

Bayesian Capital Management LP boosted its position in Banco Bradesco S.A. (NYSE:BBD) by 67.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 39,400 shares of the bank’s stock after purchasing an additional 15,885 shares during the quarter. Bayesian Capital Management LP’s holdings in Banco Bradesco were worth $75,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in Banco Bradesco during the fourth quarter worth about $30,000. Traveka Wealth LLC acquired a new position in shares of Banco Bradesco during the 4th quarter worth approximately $31,000. Peapack Gladstone Financial Corp raised its stake in shares of Banco Bradesco by 54.5% during the 4th quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank’s stock worth $32,000 after purchasing an additional 6,000 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Banco Bradesco by 78.2% in the 4th quarter. Blue Trust Inc. now owns 20,055 shares of the bank’s stock valued at $38,000 after buying an additional 8,801 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Banco Bradesco in the fourth quarter valued at $39,000.

Analyst Upgrades and Downgrades

BBD has been the subject of a number of recent analyst reports. HSBC upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price target for the company in a research note on Monday, January 13th. The Goldman Sachs Group cut Banco Bradesco from a “buy” rating to a “sell” rating and reduced their price target for the stock from $2.40 to $2.00 in a report on Wednesday, February 12th. Finally, Bank of America upgraded Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday.

Banco Bradesco Price Performance

Shares of BBD opened at $2.72 on Friday. The firm has a market capitalization of $28.95 billion, a PE ratio of 9.07, a PEG ratio of 0.32 and a beta of 0.65. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The company’s 50-day moving average is $2.24 and its 200-day moving average is $2.17. Banco Bradesco S.A. has a fifty-two week low of $1.84 and a fifty-two week high of $2.96.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. The firm had revenue of $5.69 billion during the quarter, compared to the consensus estimate of $31.24 billion. Equities analysts forecast that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 7th will be issued a $0.0022 dividend. This represents a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, May 6th. Banco Bradesco’s dividend payout ratio is 6.25%.

Banco Bradesco Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.