Banque Cantonale Vaudoise Invests $1.82 Million in Banco Bradesco SA $BBD

Banque Cantonale Vaudoise acquired a new stake in shares of Banco Bradesco SA (NYSE:BBD) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 500,000 shares of the bank’s stock, valued at approximately $1,825,000.

Several other hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in Banco Bradesco by 100.5% during the second quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after acquiring an additional 4,353 shares during the period. Brooklyn Investment Group increased its holdings in Banco Bradesco by 1,276.5% in the 3rd quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock valued at $36,000 after buying an additional 9,842 shares during the period. Checchi Capital Advisers LLC bought a new stake in Banco Bradesco in the 4th quarter valued at $39,000. Ballentine Partners LLC acquired a new position in shares of Banco Bradesco in the 4th quarter valued at $41,000. Finally, GAMMA Investing LLC raised its stake in shares of Banco Bradesco by 40.1% in the 4th quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock valued at $42,000 after buying an additional 3,619 shares in the last quarter.

Banco Bradesco Trading Up 3.1%

Shares of NYSE BBD opened at $3.46 on Friday. Banco Bradesco SA has a 1-year low of $2.73 and a 1-year high of $4.30. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average of $3.61 and a two-hundred day moving average of $3.68. The company has a market cap of $36.61 billion, a PE ratio of 8.86, a P/E/G ratio of 0.41 and a beta of 0.53.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The firm had revenue of $1.50 billion during the quarter. As a group, equities analysts expect that Banco Bradesco SA will post 0.5 earnings per share for the current fiscal year.

Banco Bradesco Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, July 7th will be paid a $0.067 dividend. This represents a dividend yield of 391.0%. The ex-dividend date of this dividend is Tuesday, July 7th. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BBD shares. Itau BBA Securities reiterated an “outperform” rating on shares of Banco Bradesco in a research report on Friday, February 27th. Weiss Ratings upgraded shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock 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.