Brokerages expect that Banco Bradesco SA (NYSE:BBD) will post earnings of $0.19 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Banco Bradesco’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.17. Banco Bradesco posted earnings per share of $0.23 during the same quarter last year, which would suggest a negative year over year growth rate of 17.4%. The business is expected to announce its next earnings results on Thursday, February 7th.
According to Zacks, analysts expect that Banco Bradesco will report full year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $0.82. For the next year, analysts forecast that the company will post earnings of $0.83 per share, with EPS estimates ranging from $0.77 to $0.88. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Banco Bradesco.
A number of analysts have recently weighed in 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 lowered shares of Banco Bradesco from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 22nd. Finally, Santander upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $8.00.
Banco Bradesco stock traded down $0.16 during midday trading on Friday, reaching $9.59. 1,357,063 shares of the stock traded hands, compared to its average volume of 18,656,256. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $66.00 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 0.64 and a beta of 1.14. Banco Bradesco has a fifty-two week low of $6.49 and a fifty-two week high of $13.18.
The business also recently disclosed a monthly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 6th will be paid a $0.0051 dividend. The ex-dividend date is Monday, November 5th. This represents a $0.06 annualized dividend and a yield of 0.64%. Banco Bradesco’s dividend payout ratio is presently 5.62%.
A number of institutional investors have recently added to or reduced their stakes in BBD. Athena Capital Advisors LLC bought a new position in shares of Banco Bradesco in the 3rd quarter valued at about $101,000. HRT Financial LLC purchased a new position in shares of Banco Bradesco during the second quarter valued at approximately $132,000. Signaturefd LLC boosted its position in shares of Banco Bradesco by 50.7% during the second quarter. Signaturefd LLC now owns 20,573 shares of the bank’s stock valued at $141,000 after purchasing an additional 6,925 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Banco Bradesco by 181.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 23,000 shares of the bank’s stock worth $163,000 after purchasing an additional 14,815 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in Banco Bradesco in the second quarter valued at about $183,000. Hedge funds and other institutional investors 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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