Banco Bradesco SA (NYSE:BBD) Stock Has Consensus Price Target of $4.05 According to Brokerages

Banco Bradesco SA (NYSE:BBD) has received an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $4.05.

BBD has been the topic of a number of analyst reports. Itau BBA Securities cut shares of Banco Bradesco from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 27th. Citigroup cut shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Tuesday, October 27th. HSBC lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating and set a $3.90 price target on the stock. in a research note on Thursday, October 8th. Weiss Ratings upgraded Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen upgraded Banco Bradesco to a “hold” rating in a research report on Saturday, October 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Tidal Investments LLC lifted its holdings in Banco Bradesco by 1.9% in the 2nd quarter. Tidal Investments LLC now owns 160,721 shares of the bank’s stock valued at $558,000 after acquiring an additional 2,990 shares during the last quarter. Compound Planning Inc. grew its stake in shares of Banco Bradesco by 2.1% in the 1st quarter. Compound Planning Inc. now owns 158,680 shares of the bank’s stock worth $579,000 after purchasing an additional 3,247 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Banco Bradesco by 16.7% in the 1st quarter. Cetera Investment Advisers now owns 24,543 shares of the bank’s stock worth $90,000 after purchasing an additional 3,519 shares during the last quarter. Plan A Wealth LLC grew its stake in shares of Banco Bradesco by 22.1% in the 3rd quarter. Plan A Wealth LLC now owns 23,327 shares of the bank’s stock worth $82,000 after purchasing an additional 4,224 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Banco Bradesco by 16.9% in the 3rd quarter. Inspire Investing LLC now owns 30,565 shares of the bank’s stock worth $108,000 after purchasing an additional 4,408 shares in the last quarter.

Banco Bradesco Stock Up 4.3%

Shares of Banco Bradesco stock opened at $2.58 on Monday. The stock has a market capitalization of $27.24 billion, a price-to-earnings ratio of 5.15, a PEG ratio of 0.44 and a beta of 0.56. Banco Bradesco has a twelve month low of $2.44 and a twelve month high of $4.58. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.78. The business’s 50 day simple moving average is $3.54 and its 200-day simple moving average is $3.63.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Thursday, October 22nd. The bank reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Banco Bradesco had a return on equity of 15.06% and a net margin of 12.58%. The company had revenue of $6.32 billion for the quarter, compared to the consensus estimate of $7.52 billion. Equities research analysts forecast that Banco Bradesco will post 0.49 earnings per share for the current year.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 11th. Stockholders of record on Thursday, November 5th will be issued a $0.0038 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.8%. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.0037. The ex-dividend date is Thursday, November 5th. Banco Bradesco’s payout ratio is currently 43.48%.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943, the bank serves individuals, businesses and institutional clients through a broad network of branches, digital channels and automated banking services.

Bradesco offers traditional banking products and services, including checking and savings accounts, personal and commercial loans, credit and debit cards, payment solutions, foreign exchange and investment products. Through its related businesses, the company also provides insurance, pension and capitalization products, asset management, brokerage and other financial services.

The company primarily serves customers in Brazil and maintains international activities to support corporate and institutional clients, including services related to international banking and trade.