PDS Planning Inc Raises Stake in Banco Bradesco SA $BBD

PDS Planning Inc lifted its position in shares of Banco Bradesco SA (NYSE:BBD) by 16.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 33,618 shares of the bank’s stock after purchasing an additional 4,853 shares during the quarter. PDS Planning Inc’s holdings in Banco Bradesco were worth $104,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BBD. Aprio Wealth Management LLC purchased a new stake in Banco Bradesco during the first quarter worth approximately $25,000. GAMMA Investing LLC boosted its position in Banco Bradesco by 92.7% during the 2nd quarter. GAMMA Investing LLC now owns 8,034 shares of the bank’s stock worth $25,000 after purchasing an additional 3,864 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new stake in Banco Bradesco during the 1st quarter worth $26,000. BSW Wealth Partners purchased a new stake in shares of Banco Bradesco in the first quarter worth about $29,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Banco Bradesco in the first quarter worth about $41,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Banco Bradesco in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $2.40.

Banco Bradesco Stock Up 1.1%

Shares of Banco Bradesco stock opened at $3.10 on Tuesday. Banco Bradesco SA has a 1-year low of $1.84 and a 1-year high of $3.41. The business has a 50-day moving average of $3.11 and a 200-day moving average of $2.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $32.94 billion, a PE ratio of 8.84, a P/E/G ratio of 0.37 and a beta of 0.75.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Banco Bradesco had a return on equity of 12.96% and a net margin of 9.76%.The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $32.70 billion. As a group, equities analysts forecast that Banco Bradesco SA will post 0.37 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.0036 per share. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 3rd. Banco Bradesco’s dividend payout ratio (DPR) is currently 8.57%.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.