Banco Bradesco (NYSE:BBD) was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, January 18th.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine downgraded shares of Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Banco Bradesco presently has an average rating of “Buy” and a consensus price target of $12.20.
Shares of Banco Bradesco (BBD) traded up $0.14 during trading on Thursday, hitting $11.47. The stock had a trading volume of 7,904,509 shares, compared to its average volume of 10,018,728. The stock has a market capitalization of $75,838.27, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 0.96 and a beta of 1.89. Banco Bradesco has a 52-week low of $7.83 and a 52-week high of $13.18.
Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Thursday, February 1st. The bank reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. The firm had revenue of $9.90 billion during the quarter, compared to analyst estimates of $8.20 billion. Banco Bradesco had a return on equity of 17.54% and a net margin of 9.87%. equities research analysts expect that Banco Bradesco will post 0.96 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. raised its stake in Banco Bradesco by 41.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 9,150,950 shares of the bank’s stock worth $93,705,000 after buying an additional 2,692,184 shares in the last quarter. Capital Growth Management LP grew its holdings in Banco Bradesco by 46.7% in the fourth quarter. Capital Growth Management LP now owns 6,970,000 shares of the bank’s stock worth $71,373,000 after purchasing an additional 2,220,000 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Banco Bradesco by 230.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 49,215 shares of the bank’s stock worth $504,000 after purchasing an additional 34,341 shares during the last quarter. First Trust Advisors LP grew its holdings in Banco Bradesco by 21.1% in the fourth quarter. First Trust Advisors LP now owns 224,116 shares of the bank’s stock worth $2,295,000 after purchasing an additional 39,022 shares during the last quarter. Finally, Barings LLC purchased a new position in Banco Bradesco in the fourth quarter worth $12,615,000. 2.79% of the stock is owned by institutional investors.
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Banco Bradesco 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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