Brokerages Set Banco Bradesco SA (NYSE:BBD) PT at $4.91
Banco Bradesco SA (NYSE:BBD) has been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $4.91.
A number of equities research analysts recently weighed in on BBD shares. JPMorgan Chase & Co. downgraded Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Credit Suisse Group AG raised Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 14th.
Shares of Banco Bradesco SA (NYSE:BBD) opened at 8.50 on Wednesday. The stock’s 50 day moving average price is $8.90 and its 200-day moving average price is $7.59. The firm has a market capitalization of $47.02 billion, a PE ratio of 8.57 and a beta of 1.99. Banco Bradesco SA has a 12 month low of $3.65 and a 12 month high of $9.46.
Banco Bradesco SA (NYSE:BBD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.76. Banco Bradesco SA had a return on equity of 18.51% and a net margin of 11.75%. On average, equities analysts anticipate that Banco Bradesco SA will post ($0.15) earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.005 per share. This is a boost from Banco Bradesco SA’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $0.06 dividend on an annualized basis and a yield of 0.71%. Banco Bradesco SA’s dividend payout ratio (DPR) is currently 7.33%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. boosted its position in shares of Banco Bradesco SA by 38.5% in the second quarter. Macquarie Group Ltd. now owns 3,114,259 shares of the company’s stock worth $24,325,000 after buying an additional 865,742 shares in the last quarter. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Banco Bradesco SA during the second quarter worth approximately $3,969,000. Legal & General Group Plc boosted its position in shares of Banco Bradesco SA by 46.6% in the second quarter. Legal & General Group Plc now owns 2,166,358 shares of the company’s stock worth $16,908,000 after buying an additional 688,608 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Banco Bradesco SA during the second quarter worth approximately $39,516,000. Finally, Capital International Investors boosted its position in shares of Banco Bradesco SA by 10.0% in the second quarter. Capital International Investors now owns 12,108,052 shares of the company’s stock worth $94,564,000 after buying an additional 1,100,732 shares in the last quarter. Hedge funds and other institutional investors own 4.36% of the company’s stock.
Banco Bradesco SA Company Profile
Banco Bradesco SA is a multiple service bank. The Company 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. The Company operates and manages its business through two operating segments: the banking segment, and the insurance, pension plans and capitalization bond segment.
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