ValuEngine upgraded shares of Banco Bradesco (NYSE:BBD) from a buy rating to a strong-buy rating in a research report report published on Friday.
Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. upgraded Banco Bradesco from a neutral rating to an overweight rating in a report on Monday, January 22nd. Citigroup upgraded Banco Bradesco from a neutral rating to a buy rating in a report on Thursday, January 18th. Finally, Zacks Investment Research cut Banco Bradesco from a buy rating to a hold rating in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $12.20.
Shares of Banco Bradesco (NYSE BBD) opened at $11.58 on Friday. The company has a market capitalization of $72,790.00, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.89. Banco Bradesco has a fifty-two week low of $7.83 and a fifty-two week high of $13.18.
Banco Bradesco (NYSE:BBD) last announced its earnings results on Thursday, February 1st. The bank reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $8.20 billion. Banco Bradesco had a return on equity of 17.54% and a net margin of 9.87%. research analysts expect that Banco Bradesco will post 0.93 earnings per share for the current year.
The firm also recently disclosed a special dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.005 per share. This represents a dividend yield of 0.000438212094653812%. The ex-dividend date of this dividend is Friday, February 2nd. Banco Bradesco’s dividend payout ratio (DPR) is 6.52%.
Several hedge funds have recently bought and sold shares of BBD. Ameriprise Financial Inc. boosted its holdings in shares of Banco Bradesco by 17.9% during the second quarter. Ameriprise Financial Inc. now owns 75,591 shares of the bank’s stock worth $643,000 after purchasing an additional 11,473 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Banco Bradesco by 17.8% during the second quarter. Vanguard Group Inc. now owns 38,651,585 shares of the bank’s stock worth $328,538,000 after purchasing an additional 5,844,907 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Banco Bradesco during the second quarter worth $30,421,000. Stifel Financial Corp boosted its holdings in shares of Banco Bradesco by 102.6% during the second quarter. Stifel Financial Corp now owns 21,830 shares of the bank’s stock worth $186,000 after purchasing an additional 11,057 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Banco Bradesco by 8.8% during the second quarter. Macquarie Group Ltd. now owns 5,721,872 shares of the bank’s stock worth $48,640,000 after purchasing an additional 463,347 shares during the last quarter. Institutional investors and hedge funds own 2.83% of the company’s stock.
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Banco Bradesco Company Profile
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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