Banco Bradesco SA (NYSE:BBD)‘s stock had its “buy” rating reissued by investment analysts at Citigroup Inc. in a research note issued on Wednesday.

A number of other brokerages have also issued reports on BBD. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $9.30 target price on shares of Banco Bradesco SA in a research report on Wednesday, September 21st. Zacks Investment Research downgraded shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a research note on Thursday, November 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $8.65.

Analyst Recommendations for Banco Bradesco SA (NYSE:BBD)

Shares of Banco Bradesco SA (NYSE:BBD) traded up 3.06% during midday trading on Wednesday, hitting $8.76. 10,111,127 shares of the company’s stock were exchanged. The company has a 50-day moving average of $9.52 and a 200-day moving average of $8.55. Banco Bradesco SA has a 52 week low of $3.65 and a 52 week high of $10.49. The firm has a market cap of $48.46 billion, a price-to-earnings ratio of 9.76 and a beta of 1.77.

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

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Large investors have recently modified their holdings of the stock. Henderson Group PLC increased its stake in shares of Banco Bradesco SA by 42.3% in the second quarter. Henderson Group PLC now owns 751,354 shares of the company’s stock valued at $5,864,000 after buying an additional 223,384 shares during the last quarter. ClariVest Asset Management LLC increased its stake in shares of Banco Bradesco SA by 20.2% in the second quarter. ClariVest Asset Management LLC now owns 1,095,770 shares of the company’s stock valued at $8,557,000 after buying an additional 184,251 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Banco Bradesco SA during the second quarter valued at approximately $1,971,000. Candriam Luxembourg S.C.A. increased its stake in shares of 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 valued at $112,000 after buying an additional 1,300 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Banco Bradesco SA by 10.0% in the second quarter. Strs Ohio now owns 369,600 shares of the company’s stock valued at $2,886,000 after buying an additional 33,600 shares during the last quarter. 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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