Banco Bradesco SA (BBDO) – What Are Investment Firms Saying About This Stock?

Banco Bradesco SA (NYSE:BBDO) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $73.58.

Several equities analysts have recently weighed in on BBDO shares. Argus lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings raised shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Canaccord Genuity Group reduced their target price on shares of Banco Bradesco from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Citigroup downgraded shares of Banco Bradesco to a “neutral” rating in a research report on Tuesday, October 27th. Finally, UBS Group reduced their price objective on shares of Banco Bradesco from $74.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, July 30th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new stake in shares of Banco Bradesco during the 2nd quarter valued at about $33,000. Park Avenue Securities LLC bought a new position in Banco Bradesco during the third quarter valued at approximately $37,000. Royal Bank of Canada boosted its holdings in Banco Bradesco by 307.2% in the first quarter. Royal Bank of Canada now owns 20,121 shares of the bank’s stock worth $67,000 after purchasing an additional 15,180 shares during the last quarter. Intergy Private Wealth LLC boosted its holdings in Banco Bradesco by 44.8% in the third quarter. Intergy Private Wealth LLC now owns 20,370 shares of the bank’s stock worth $63,000 after purchasing an additional 6,302 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Banco Bradesco by 49.2% in the 2nd quarter. QRG Capital Management Inc. now owns 21,423 shares of the bank’s stock worth $64,000 after buying an additional 7,068 shares during the last quarter.

Banco Bradesco Price Performance

Shares of BBDO opened at $2.35 on Wednesday. Banco Bradesco has a fifty-two week low of $2.30 and a fifty-two week high of $4.16. The firm has a market capitalization of $24.83 billion, a PE ratio of 5.06 and a beta of 0.57. The company’s 50-day moving average is $3.23 and its 200-day moving average is $3.26. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.72 and a quick ratio of 1.72.

Banco Bradesco (NYSE:BBDO) last posted its quarterly earnings data on Thursday, October 22nd. The bank reported $0.12 earnings per share for the quarter. The business had revenue of $7.75 billion during the quarter. Banco Bradesco had a net margin of 12.58% and a return on equity of 15.06%.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 11th. Shareholders of record on Thursday, November 5th will be issued a $0.0035 dividend. This is a boost from Banco Bradesco’s previous monthly dividend of $0.0034. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.8%. Banco Bradesco’s payout ratio is 39.13%.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, by Amador Aguiar, Bradesco developed from a regional bank into one of Brazil’s largest private-sector banking groups.

The company provides a broad range of financial products and services to individuals, businesses and institutional customers. Its activities include deposit accounts, consumer and commercial lending, credit and debit cards, payment services, investment banking, asset management, brokerage and wealth management.