Banco Bradesco SA (NYSE:BBDO) Stock Has Consensus Target Price of $73.58

Banco Bradesco SA (NYSE:BBDO) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $73.58.

Several equities analysts have commented on BBDO shares. Oppenheimer dropped their target price on shares of Banco Bradesco from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, July 27th. UBS Group dropped their price target on Banco Bradesco from $74.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Weiss Ratings upgraded Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Citigroup cut Banco Bradesco to a “neutral” rating in a research report on Tuesday. Finally, Argus downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Friday, July 31st.

Institutional Trading of Banco Bradesco

A number of large investors have recently added to or reduced their stakes in BBDO. Park Avenue Securities LLC bought a new stake in Banco Bradesco in the third quarter worth about $37,000. XXI Wealth LLC boosted its stake in Banco Bradesco by 156.1% in the third quarter. XXI Wealth LLC now owns 33,666 shares of the bank’s stock valued at $104,000 after acquiring an additional 20,519 shares during the last quarter. Intergy Private Wealth LLC grew its position in shares of Banco Bradesco by 44.8% during the 3rd quarter. Intergy Private Wealth LLC now owns 20,370 shares of the bank’s stock valued at $63,000 after acquiring an additional 6,302 shares during the period. QRG Capital Management Inc. grew its position in shares of Banco Bradesco by 49.2% during the 2nd quarter. QRG Capital Management Inc. now owns 21,423 shares of the bank’s stock valued at $64,000 after acquiring an additional 7,068 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in shares of Banco Bradesco during the 2nd quarter valued at approximately $33,000.

Banco Bradesco Stock Down 6.9%

NYSE BBDO traded down $0.19 on Wednesday, reaching $2.57. The company had a trading volume of 284,161 shares, compared to its average volume of 84,562. The company’s fifty day moving average is $3.29 and its 200 day moving average is $3.28. The stock has a market capitalization of $27.23 billion, a P/E ratio of 5.59 and a beta of 0.48. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.93. Banco Bradesco has a 52-week low of $2.55 and a 52-week high of $4.16.

Banco Bradesco (NYSE:BBDO) last released its quarterly earnings results on Thursday, October 22nd. The bank reported $0.12 earnings per share for the quarter. Banco Bradesco had a net margin of 12.58% and a return on equity of 15.51%. The company had revenue of $7.75 billion for the quarter.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 11th. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.0035 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, November 5th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.0034. Banco Bradesco’s dividend payout ratio (DPR) is presently 39.13%.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, by Amador Aguiar, Bradesco developed from a regional bank into one of Brazil’s largest private-sector banking groups.

The company provides a broad range of financial products and services to individuals, businesses and institutional customers. Its activities include deposit accounts, consumer and commercial lending, credit and debit cards, payment services, investment banking, asset management, brokerage and wealth management.