Banco Bradesco SA (NYSE:BBD) has received an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Banco Bradesco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 17th. ValuEngine upgraded shares of Banco Bradesco from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Finally, Santander upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating in a research note on Friday, July 20th.
Shares of Banco Bradesco stock traded up $0.03 during trading on Monday, reaching $9.89. The company had a trading volume of 14,232,700 shares, compared to its average volume of 12,265,977. The firm has a market cap of $66.00 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.64 and a beta of 1.14. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.13 and a current ratio of 1.12. Banco Bradesco has a fifty-two week low of $6.49 and a fifty-two week high of $13.18.
The business also recently announced a monthly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 6th will be paid a $0.0051 dividend. The ex-dividend date of this dividend is Monday, November 5th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.62%. Banco Bradesco’s dividend payout ratio (DPR) is presently 5.62%.
Institutional investors have recently modified their holdings of the company. Athena Capital Advisors LLC acquired a new stake in Banco Bradesco during the third quarter worth about $101,000. HRT Financial LLC acquired a new stake in Banco Bradesco during the second quarter worth about $132,000. Signaturefd LLC raised its stake in Banco Bradesco by 50.7% during the second quarter. Signaturefd LLC now owns 20,573 shares of the bank’s stock worth $141,000 after acquiring an additional 6,925 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in Banco Bradesco by 181.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 23,000 shares of the bank’s stock worth $163,000 after acquiring an additional 14,815 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Banco Bradesco during the second quarter worth about $183,000. Institutional investors and hedge funds own 3.14% of the company’s stock.
About Banco Bradesco
Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.
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