4,054,139 Shares in Banco Bradesco SA $BBD Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Banco Bradesco SA (NYSE:BBD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,054,139 shares of the bank’s stock, valued at approximately $14,068,000.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Banco Bradesco by 100.5% during the second quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock worth $27,000 after acquiring an additional 4,353 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Banco Bradesco by 1,276.5% in the third quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock valued at $36,000 after acquiring an additional 9,842 shares during the last quarter. Global Wealth Strategies & Associates acquired a new stake in Banco Bradesco during the 2nd quarter valued at approximately $38,000. Wayfinding Financial LLC acquired a new stake in Banco Bradesco during the 2nd quarter valued at approximately $40,000. Finally, Ballentine Partners LLC bought a new position in Banco Bradesco during the 4th quarter worth approximately $41,000.

Banco Bradesco Stock Performance

BBD stock opened at $3.26 on Monday. The firm has a market cap of $34.55 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.40 and a beta of 0.53. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.93. The stock has a 50-day moving average price of $3.42 and a 200-day moving average price of $3.62. Banco Bradesco SA has a 1-year low of $2.96 and a 1-year high of $4.30.

Banco Bradesco (NYSE:BBD) last released its earnings results on Tuesday, June 30th. The bank reported $0.12 EPS for the quarter. The business had revenue of $6.77 billion during the quarter. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.55%. As a group, equities research analysts expect that Banco Bradesco SA will post 0.5 earnings per share for the current year.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.0037 per share. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 1.4%. Banco Bradesco’s payout ratio is 7.14%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Banco Bradesco Profile

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.