Natixis Advisors LLC Acquires 951,313 Shares of Banco Bradesco SA $BBD

Natixis Advisors LLC increased its holdings in shares of Banco Bradesco SA (NYSE:BBD) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,418,147 shares of the bank’s stock after acquiring an additional 951,313 shares during the quarter. Natixis Advisors LLC owned about 0.14% of Banco Bradesco worth $48,733,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BBD. EverSource Wealth Advisors LLC boosted its holdings in shares of Banco Bradesco by 100.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock worth $27,000 after buying an additional 4,353 shares during the period. Boothbay Fund Management LLC bought a new position in Banco Bradesco in the 2nd quarter valued at about $42,000. Osaic Holdings Inc. boosted its holdings in shares of Banco Bradesco by 34.7% during the second quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank’s stock worth $52,000 after acquiring an additional 4,355 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Banco Bradesco during the second quarter worth approximately $54,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of Banco Bradesco in the second quarter valued at approximately $62,000.

Banco Bradesco Price Performance

NYSE:BBD opened at $3.78 on Tuesday. The stock has a fifty day moving average price of $3.83 and a 200-day moving average price of $3.51. The company has a current ratio of 1.45, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68. Banco Bradesco SA has a fifty-two week low of $1.95 and a fifty-two week high of $4.28.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings results on Friday, February 6th. The bank reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%. As a group, research analysts forecast that Banco Bradesco SA will post 0.37 earnings per share for the current year.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be paid a $0.0036 dividend. This represents a c) dividend on an annualized basis and a yield of 1.1%. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, March 4th. Banco Bradesco’s payout ratio is 7.69%.

Analysts Set New Price Targets

Several research firms recently weighed in on BBD. Itau BBA Securities restated an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “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.