Banco Bradesco S.A. (NYSE:BBD) to Issue Monthly Dividend of $0.00

Banco Bradesco S.A. (NYSE:BBD) announced a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Shareholders of record on Monday, May 6th will be given a dividend of 0.0036 per share by the bank on Monday, June 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, May 3rd.

Banco Bradesco has raised its dividend payment by an average of 7.9% per year over the last three years and has raised its dividend every year for the last 2 years.

Banco Bradesco Trading Down 0.2 %

Shares of BBD traded down $0.01 during mid-day trading on Wednesday, reaching $2.66. 20,035,159 shares of the company were exchanged, compared to its average volume of 16,907,297. The business has a 50 day simple moving average of $2.81 and a two-hundred day simple moving average of $3.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $28.30 billion, a PE ratio of 12.62 and a beta of 0.95. Banco Bradesco has a 52 week low of $2.60 and a 52 week high of $3.68.

Institutional Trading of Banco Bradesco

Large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its holdings in Banco Bradesco by 373.1% during the 1st quarter. Captrust Financial Advisors now owns 16,891 shares of the bank’s stock valued at $78,000 after acquiring an additional 13,321 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Banco Bradesco by 36.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,506 shares of the bank’s stock valued at $77,000 after purchasing an additional 4,407 shares during the period. Freedom Investment Management Inc. lifted its holdings in Banco Bradesco by 37.7% during the 4th quarter. Freedom Investment Management Inc. now owns 21,719 shares of the bank’s stock worth $76,000 after purchasing an additional 5,950 shares in the last quarter. Balentine LLC lifted its holdings in Banco Bradesco by 31.2% during the 2nd quarter. Balentine LLC now owns 21,919 shares of the bank’s stock worth $76,000 after purchasing an additional 5,209 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in Banco Bradesco by 26.6% in the 1st quarter. Cerity Partners LLC now owns 23,944 shares of the bank’s stock worth $63,000 after purchasing an additional 5,032 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BBD shares. HSBC downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. The Goldman Sachs Group upgraded shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 target price on the stock in a report on Tuesday, February 20th. Finally, Jefferies Financial Group downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.