Banco Bradesco SA (NYSE:BBD)’s share price hit a new 52-week high on Tuesday . The company traded as high as $11.66 and last traded at $11.66, with a volume of 12,474,000 shares. The stock had previously closed at $11.20.

A number of equities analysts have weighed in on BBD shares. ValuEngine upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub lowered Banco Bradesco SA from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Scotiabank lowered Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) upgraded Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price objective on the stock in a research report on Monday, September 11th. Finally, Zacks Investment Research lowered Banco Bradesco SA from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Banco Bradesco SA presently has an average rating of “Buy” and an average price target of $12.40.

The company’s 50-day moving average is $11.00 and its 200 day moving average is $9.58. The stock has a market cap of $71.07 billion, a PE ratio of 12.84 and a beta of 1.77.

The firm also recently disclosed a special dividend, which will be paid on Monday, November 13th. Stockholders of record on Wednesday, October 4th will be given a $0.0061 dividend. This represents a dividend yield of 0.64%. This is an increase from Banco Bradesco SA’s previous special dividend of $0.01. The ex-dividend date is Tuesday, October 3rd. Banco Bradesco SA’s payout ratio is presently 7.86%.

Several institutional investors have recently made changes to their positions in BBD. Stifel Financial Corp bought a new stake in shares of Banco Bradesco SA in the first quarter worth about $109,000. US Bancorp DE increased its holdings in shares of Banco Bradesco SA by 4.4% in the first quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock worth $113,000 after purchasing an additional 468 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Banco Bradesco SA in the first quarter worth about $114,000. ZWJ Investment Counsel Inc. increased its holdings in shares of Banco Bradesco SA by 1.4% in the second quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank’s stock worth $133,000 after purchasing an additional 217 shares during the last quarter. Finally, United Capital Financial Advisers LLC increased its holdings in shares of Banco Bradesco SA by 27.4% in the first quarter. United Capital Financial Advisers LLC now owns 18,928 shares of the bank’s stock worth $194,000 after purchasing an additional 4,073 shares during the last quarter. Institutional investors and hedge funds own 2.65% of the company’s stock.

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About Banco Bradesco SA

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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