Shares of Banco Bradesco SA (NYSE:BBD) have earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.30.

BBD has been the topic of a number of research analyst reports. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $9.30 target price on shares of Banco Bradesco SA in a research note on Wednesday, September 21st. Zacks Investment Research lowered shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a research note on Thursday, November 17th.

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Banco Bradesco SA (NYSE:BBD) opened at 8.56 on Wednesday. The firm has a 50-day moving average of $9.54 and a 200 day moving average of $8.53. Banco Bradesco SA has a 52-week low of $3.65 and a 52-week high of $10.49. The company has a market cap of $47.35 billion, a PE ratio of 9.53 and a beta of 1.77.

The business also recently declared a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Tuesday, December 6th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Friday, December 2nd. Banco Bradesco SA’s dividend payout ratio (DPR) is presently 7.60%.

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Scotland Group PLC bought a new stake in shares of Banco Bradesco SA during the third quarter worth $105,000. First Trust Advisors LP increased its position in Banco Bradesco SA by 31.0% in the second quarter. First Trust Advisors LP now owns 13,620 shares of the company’s stock worth $106,000 after buying an additional 3,225 shares during the last quarter. Invictus RG increased its position in Banco Bradesco SA by 68.5% in the second quarter. Invictus RG now owns 14,093 shares of the company’s stock worth $110,000 after buying an additional 5,730 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in Banco Bradesco SA by 10.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 14,300 shares of the company’s stock worth $112,000 after buying an additional 1,300 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in Banco Bradesco SA during the third quarter worth approximately $122,000. 2.62% 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.

5 Day Chart for NYSE:BBD

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