Banco Bradesco (BBD) Shares Gap Down to $10.17
Banco Bradesco SA (NYSE:BBD) gapped down before the market opened on Friday . The stock had previously closed at $10.67, but opened at $10.17. Banco Bradesco shares last traded at $10.00, with a volume of 10082500 shares changing hands.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Banco Bradesco from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Scotiabank lowered shares of Banco Bradesco from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 5th. ValuEngine lowered shares of Banco Bradesco from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Goldman Sachs Group raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating and set a $12.40 price objective for the company in a report on Monday, September 11th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $12.40.
The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $66,801.94, a price-to-earnings ratio of 10.47, a PEG ratio of 1.00 and a beta of 1.72.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 5th will be issued a $0.0058 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, December 4th. Banco Bradesco’s dividend payout ratio (DPR) is presently 8.00%.
Several hedge funds have recently bought and sold shares of BBD. Aberdeen Asset Management PLC UK grew its holdings in shares of Banco Bradesco by 20.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 180,676,024 shares of the bank’s stock valued at $1,535,746,000 after purchasing an additional 30,239,397 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Banco Bradesco by 71.6% in the third quarter. Fisher Asset Management LLC now owns 23,029,399 shares of the bank’s stock valued at $254,935,000 after purchasing an additional 9,611,759 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Banco Bradesco by 35.8% in the second quarter. Franklin Resources Inc. now owns 25,959,687 shares of the bank’s stock valued at $220,639,000 after purchasing an additional 6,842,060 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Banco Bradesco by 17.8% in the second quarter. Vanguard Group Inc. now owns 38,651,585 shares of the bank’s stock valued at $328,538,000 after purchasing an additional 5,844,907 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Banco Bradesco by 60.1% in the second quarter. Royal Bank of Canada now owns 14,951,070 shares of the bank’s stock valued at $127,084,000 after purchasing an additional 5,613,914 shares in the last quarter. 2.71% of the stock is owned by hedge funds and other institutional investors.
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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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