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.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/banco-bradesco-bbd-shares-gap-down-to-10-17/1755304.html.

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.

Receive News & Ratings for Banco Bradesco SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco SA and related companies with Analyst Ratings Network's FREE daily email newsletter.