Banco Bradesco SA $BBD Shares Sold by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. decreased its stake in Banco Bradesco SA (NYSE:BBD) by 58.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,463 shares of the bank’s stock after selling 155,155 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Banco Bradesco were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Banco Bradesco by 100.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after buying an additional 4,353 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Banco Bradesco by 1,276.5% during the 3rd quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock valued at $36,000 after acquiring an additional 9,842 shares during the period. GAMMA Investing LLC boosted its stake in shares of Banco Bradesco by 40.1% during the 4th quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock worth $42,000 after acquiring an additional 3,619 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Banco Bradesco during the 2nd quarter worth approximately $42,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in shares of Banco Bradesco in the 3rd quarter worth approximately $47,000.

Banco Bradesco Stock Performance

NYSE:BBD opened at $3.50 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $37.04 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 0.43 and a beta of 0.53. The firm has a 50-day moving average price of $3.87 and a two-hundred day moving average price of $3.56. Banco Bradesco SA has a twelve month low of $1.98 and a twelve month high of $4.28.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings results on Thursday, February 5th. The bank reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $6.68 billion. Banco Bradesco had a net margin of 10.19% and a return on equity of 13.78%. As a group, research analysts expect that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, April 8th will be paid a $0.0569 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a c) dividend on an annualized basis and a yield of 19.5%. Banco Bradesco’s dividend payout ratio is presently 7.69%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BBD. Weiss Ratings downgraded Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Itau BBA Securities reiterated an “outperform” rating on shares of Banco Bradesco in a research report on Friday, February 27th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.