BidaskClub upgraded shares of Banco Bradesco SA (NYSE:BBD) from a buy rating to a strong-buy rating in a report published on Sunday.

BBD has been the topic of a number of other research reports. Zacks Investment Research upgraded Banco Bradesco SA from a hold rating to a buy rating and set a $12.00 price target on the stock in a report on Tuesday, April 18th. Scotiabank upgraded Banco Bradesco SA from a sector perform rating to an outperform rating in a report on Wednesday, June 28th. Finally, ValuEngine upgraded Banco Bradesco SA from a buy rating to a strong-buy rating in a report on Friday, June 2nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Banco Bradesco SA has a consensus rating of Buy and an average target price of $10.65.

Shares of Banco Bradesco SA (BBD) traded up 0.76% during mid-day trading on Friday, reaching $9.30. The company’s stock had a trading volume of 7,243,310 shares. The company has a market capitalization of $56.59 billion, a PE ratio of 10.47 and a beta of 1.76. Banco Bradesco SA has a 52-week low of $7.15 and a 52-week high of $10.37. The firm’s 50 day moving average is $8.54 and its 200-day moving average is $8.94.

Banco Bradesco SA (NYSE:BBD) last issued its quarterly earnings results on Thursday, April 27th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Banco Bradesco SA had a return on equity of 17.32% and a net margin of 9.08%. The business had revenue of $13.25 billion for the quarter. Analysts forecast that Banco Bradesco SA will post $0.94 EPS for the current year.

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The company also recently announced a special dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 4th will be paid a $0.0058 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a yield of 7.47%. Banco Bradesco SA’s dividend payout ratio (DPR) is currently 76.87%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Eqis Capital Management Inc. increased its position in shares of Banco Bradesco SA by 11.8% in the second quarter. Eqis Capital Management Inc. now owns 21,534 shares of the bank’s stock worth $183,000 after buying an additional 2,266 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Banco Bradesco SA during the second quarter worth approximately $114,050,000. Bank of Montreal Can increased its position in shares of Banco Bradesco SA by 30.0% in the second quarter. Bank of Montreal Can now owns 562,211 shares of the bank’s stock worth $4,779,000 after buying an additional 129,799 shares during the period. Capstone Asset Management Co. increased its position in shares of Banco Bradesco SA by 6.1% in the second quarter. Capstone Asset Management Co. now owns 419,090 shares of the bank’s stock worth $3,562,000 after buying an additional 24,251 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in shares of Banco Bradesco SA during the first quarter worth approximately $3,052,000. Hedge funds and other institutional investors own 2.73% of the company’s stock.

Banco Bradesco SA Company Profile

Banco Bradesco SA is a commercial bank. The Bank 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. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

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