Nykredit A S Purchases Shares of 1,082,280 Banco Bradesco SA $BBD

Nykredit A S purchased a new stake in Banco Bradesco SA (NYSE:BBD) during the second quarter, Holdings Channel reports. The firm purchased 1,082,280 shares of the bank’s stock, valued at approximately $3,756,000.

Several other large investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG boosted its stake in Banco Bradesco by 7.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 367,598 shares of the bank’s stock valued at $1,276,000 after acquiring an additional 25,030 shares in the last quarter. Natural Investments LLC increased its position in shares of Banco Bradesco by 33.2% during the second quarter. Natural Investments LLC now owns 23,570 shares of the bank’s stock worth $81,000 after purchasing an additional 5,880 shares in the last quarter. BTG Pactual Asset Management US LLC lifted its holdings in shares of Banco Bradesco by 6.0% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 524,086 shares of the bank’s stock valued at $1,819,000 after purchasing an additional 29,506 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Banco Bradesco by 251.2% during the 2nd quarter. Headlands Technologies LLC now owns 38,795 shares of the bank’s stock valued at $135,000 after purchasing an additional 27,748 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Banco Bradesco in the 2nd quarter worth $14,068,000.

Banco Bradesco Price Performance

Banco Bradesco stock opened at $3.47 on Monday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50-day simple moving average is $3.42 and its two-hundred day simple moving average is $3.60. The company has a market cap of $36.77 billion, a PE ratio of 8.26, a PEG ratio of 0.42 and a beta of 0.52. Banco Bradesco SA has a fifty-two week low of $2.98 and a fifty-two week high of $4.30.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Tuesday, June 30th. The bank reported $0.12 earnings per share for the quarter. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.55%.The business had revenue of $6.77 billion for the quarter. Equities analysts anticipate that Banco Bradesco SA will post 0.5 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 3rd will be issued a $0.0037 dividend. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Thursday, September 3rd. This represents a c) annualized dividend and a yield of 1.3%. Banco Bradesco’s dividend payout ratio is currently 7.14%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.