Banco Bradesco (NYSE:BBD) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Banco Bradesco SA (NYSE:BBD)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.69 and traded as high as $3.79. Banco Bradesco shares last traded at $3.7150, with a volume of 46,118,465 shares traded.

Analysts Set New Price Targets

A number of research firms recently issued reports on BBD. Weiss Ratings upgraded Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Itau BBA Securities restated an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banco Bradesco Stock Up 0.1%

The firm has a 50 day simple moving average of $3.82 and a two-hundred day simple moving average of $3.69. The company has a market capitalization of $39.69 billion, a PE ratio of 9.60, a P/E/G ratio of 0.48 and a beta of 0.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a return on equity of 14.43% and a net margin of 9.24%.The company had revenue of $1.50 billion for the quarter. Research analysts expect that Banco Bradesco SA will post 0.48 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 8th. Shareholders of record on Wednesday, May 6th will be paid a $0.0037 dividend. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, May 6th. This represents a c) annualized dividend and a dividend yield of 1.2%. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BBD. Inspire Investing LLC boosted its stake in shares of Banco Bradesco by 11.4% in the fourth quarter. Inspire Investing LLC now owns 25,331 shares of the bank’s stock valued at $84,000 after buying an additional 2,597 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Banco Bradesco by 8.8% in the second quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank’s stock valued at $130,000 after buying an additional 3,402 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Banco Bradesco by 40.1% in the fourth quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock valued at $42,000 after buying an additional 3,619 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Banco Bradesco by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,784 shares of the bank’s stock valued at $33,000 after buying an additional 3,648 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of Banco Bradesco by 1.6% in the third quarter. Orion Porfolio Solutions LLC now owns 230,065 shares of the bank’s stock valued at $778,000 after buying an additional 3,716 shares in the last quarter.

About Banco Bradesco

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.