Banco Bradesco SA (NYSE:BBD) Given Consensus Rating of “Hold” by Brokerages

Banco Bradesco SA (NYSE:BBD) has been assigned an average recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $2.40.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Banco Bradesco in a research note on Wednesday, October 8th.

Banco Bradesco Stock Up 0.3%

Shares of BBD traded up $0.01 during mid-day trading on Friday, hitting $3.49. 54,949,344 shares of the company’s stock were exchanged, compared to its average volume of 43,491,508. The stock has a market cap of $37.14 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 0.43 and a beta of 0.76. The firm has a fifty day moving average of $3.37 and a two-hundred day moving average of $3.07. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63. Banco Bradesco has a twelve month low of $1.84 and a twelve month high of $3.77.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $11.14 billion during the quarter, compared to analyst estimates of $34.75 billion. Banco Bradesco had a net margin of 9.61% and a return on equity of 13.16%. On average, sell-side analysts forecast that Banco Bradesco will post 0.37 earnings per share for the current year.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.0035 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 1.2%. Banco Bradesco’s dividend payout ratio (DPR) is currently 5.71%.

Institutional Trading of Banco Bradesco

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in Banco Bradesco by 7.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 791,930 shares of the bank’s stock worth $1,766,000 after acquiring an additional 55,304 shares during the period. Cerity Partners LLC bought a new position in shares of Banco Bradesco in the first quarter worth about $129,000. Private Advisor Group LLC acquired a new position in shares of Banco Bradesco during the 1st quarter worth about $46,000. Advisors Preferred LLC bought a new stake in Banco Bradesco during the 1st quarter valued at approximately $66,000. Finally, Inspire Advisors LLC grew its holdings in Banco Bradesco by 14.5% in the 1st quarter. Inspire Advisors LLC now owns 67,833 shares of the bank’s stock valued at $151,000 after buying an additional 8,589 shares during the last quarter.

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.