Banco Bradesco SA (bbd) to Issue $0.01 Dividend
Banco Bradesco SA (NYSE:bbd) declared a dividend on Monday, November 21st. Shareholders of record on Tuesday, December 6th will be paid a dividend of 0.005 per share on Tuesday, December 6th. The ex-dividend date is Friday, December 2nd.
Banco Bradesco SA (NYSE:BBD) opened at 8.73 on Tuesday. The firm has a market capitalization of $48.29 billion, a PE ratio of 9.77 and a beta of 1.77. Banco Bradesco SA has a one year low of $3.65 and a one year high of $10.49. The firm has a 50 day moving average of $9.59 and a 200 day moving average of $8.51.
A number of research firms recently issued reports on BBD. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $9.30 price target on shares of Banco Bradesco SA in a report on Wednesday, September 21st. Zacks Investment Research cut Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.65.
A number of hedge funds have recently made changes to their positions in the company. Invictus RG boosted its stake in shares of Banco Bradesco SA by 68.5% in the second quarter. Invictus RG now owns 14,093 shares of the company’s stock valued at $110,000 after buying an additional 5,730 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Banco Bradesco SA during the third quarter valued at $122,000. Verition Fund Management LLC purchased a new stake in shares of Banco Bradesco SA during the third quarter valued at $123,000. Johnson Investment Counsel Inc. boosted its stake in shares of Banco Bradesco SA by 10.0% in the second quarter. Johnson Investment Counsel Inc. now owns 16,060 shares of the company’s stock valued at $125,000 after buying an additional 1,460 shares in the last quarter. Finally, Eagle Global Advisors LLC boosted its stake in shares of Banco Bradesco SA by 140.8% in the second quarter. Eagle Global Advisors LLC now owns 31,300 shares of the company’s stock valued at $244,000 after buying an additional 18,300 shares in the last quarter. 2.58% of the stock is owned by hedge funds and other institutional investors.
About Banco Bradesco SA
Banco Bradesco SA (Bradesco) is a commercial bank. The Company 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. The Company operates and manages its business through two segments: the banking segment, and the insurance, pension plans and capitalization bond segment.
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