Shares of Banco Bradesco SA (NYSE:BBD – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.05.
BBD has been the topic of several research reports. Bradesco Corretora raised shares of Banco Bradesco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 6th. Weiss Ratings raised shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. raised shares of Banco Bradesco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $4.20 price objective on shares of Banco Bradesco in a research report on Friday, October 9th. Finally, HSBC downgraded Banco Bradesco from a “buy” rating to a “hold” rating and set a $3.90 price objective for the company. in a research report on Thursday, October 8th.
Check Out Our Latest Stock Analysis on Banco Bradesco
Institutional Investors Weigh In On Banco Bradesco
Banco Bradesco Stock Down 1.1%
BBD stock opened at $4.14 on Thursday. The firm’s fifty day moving average is $3.51 and its 200 day moving average is $3.58. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48. Banco Bradesco has a one year low of $2.98 and a one year high of $4.58. The firm has a market cap of $43.92 billion, a PE ratio of 9.87, a P/E/G ratio of 0.65 and a beta of 0.46.
Banco Bradesco (NYSE:BBD – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The bank reported $0.12 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 10.55% and a return on equity of 14.61%. The business had revenue of $6.77 billion for the quarter. On average, research analysts forecast that Banco Bradesco will post 0.50 EPS for the current year.
Banco Bradesco Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, December 11th. Investors of record on Thursday, November 5th will be paid a dividend of $0.0038 per share. The ex-dividend date is Thursday, November 5th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.0037. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.1%. Banco Bradesco’s payout ratio is currently 7.14%.
Banco Bradesco Company Profile
Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Through its banking operations, the company serves individuals, businesses, corporate clients and public-sector entities across Brazil.
Bradesco offers a broad range of products and services, including checking and savings accounts, loans, credit cards, mortgages, investment and wealth-management products, payment solutions, foreign-exchange services and investment banking. Its operations also include insurance, pension plans and capitalization products through affiliated businesses.
Founded in 1943 in Marília, São Paulo, Bradesco has developed an extensive distribution network of branches, automated banking facilities and digital channels.
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