Banco Bradesco SA (NYSE:BBD)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $8.30, but opened at $8.54. Banco Bradesco shares last traded at $8.96, with a volume of 17558375 shares changing hands.

BBD has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Banco Bradesco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 19th. ValuEngine upgraded shares of Banco Bradesco from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Finally, Santander raised shares of Banco Bradesco from a “hold” rating to a “buy” rating in a report on Friday, July 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $8.00.

The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.13 and a current ratio of 1.12. The firm has a market cap of $47.39 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.46 and a beta of 1.79.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings results on Wednesday, July 25th. The bank reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. Banco Bradesco had a net margin of 12.02% and a return on equity of 17.06%. The company had revenue of $7.31 billion during the quarter. On average, research analysts anticipate that Banco Bradesco SA will post 0.76 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Thursday, November 8th. Shareholders of record on Wednesday, October 3rd will be issued a $0.0046 dividend. This represents a yield of 0.88%. The ex-dividend date is Tuesday, October 2nd. Banco Bradesco’s payout ratio is 5.62%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. lifted its holdings in Banco Bradesco by 34.7% in the 2nd quarter. Macquarie Group Ltd. now owns 6,812,765 shares of the bank’s stock valued at $46,736,000 after acquiring an additional 1,755,348 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Banco Bradesco in the 2nd quarter valued at about $717,000. HRT Financial LLC acquired a new stake in Banco Bradesco in the 2nd quarter valued at about $132,000. Assetmark Inc. lifted its holdings in Banco Bradesco by 4.3% in the 2nd quarter. Assetmark Inc. now owns 630,221 shares of the bank’s stock valued at $4,323,000 after acquiring an additional 25,843 shares during the last quarter. Finally, Standard Life Aberdeen plc lifted its holdings in Banco Bradesco by 20.1% in the 2nd quarter. Standard Life Aberdeen plc now owns 165,169,076 shares of the bank’s stock valued at $1,133,886,000 after acquiring an additional 27,683,861 shares during the last quarter. 3.17% of the stock is owned by institutional investors.

About Banco Bradesco (NYSE:BBD)

Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.

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