Banco Bradesco (NYSE:BBD) Shares Cross Above 200-Day Moving Average – Should You Sell?

Banco Bradesco SA (NYSE:BBD) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.55 and traded as high as $3.67. Banco Bradesco shares last traded at $3.5950, with a volume of 33,820,413 shares trading hands.

Analyst Ratings Changes

BBD has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Banco Bradesco in a research report on Monday, December 29th. Itau BBA Securities reiterated an “outperform” rating on shares of Banco Bradesco in a research report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banco Bradesco Price Performance

The company has a market cap of $38.73 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.44 and a beta of 0.53. The company has a fifty day simple moving average of $3.87 and a two-hundred day simple moving average of $3.55. The company has a quick ratio of 1.12, a current ratio of 1.45 and a debt-to-equity ratio of 2.68.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Friday, February 6th. The bank reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%.The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.68 billion. On average, equities research analysts anticipate that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, April 6th will be given a dividend of $0.0037 per share. The ex-dividend date is Monday, April 6th. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 1.2%. Banco Bradesco’s dividend payout ratio (DPR) is presently 7.69%.

Institutional Trading of Banco Bradesco

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in shares of Banco Bradesco by 100.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock worth $27,000 after purchasing an additional 4,353 shares during the last quarter. Brooklyn Investment Group grew its holdings in Banco Bradesco by 1,276.5% during the 3rd quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock valued at $36,000 after buying an additional 9,842 shares during the last quarter. Checchi Capital Advisers LLC acquired a new stake in Banco Bradesco during the 4th quarter valued at $39,000. Ballentine Partners LLC purchased a new position in Banco Bradesco during the fourth quarter worth $41,000. Finally, GAMMA Investing LLC increased its position in Banco Bradesco by 40.1% during the fourth quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock worth $42,000 after buying an additional 3,619 shares in the last quarter.

About Banco Bradesco

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.