Banco Bradesco SA (BBD) Position Boosted by Signaturefd LLC

Signaturefd LLC grew its holdings in Banco Bradesco SA (NYSE:BBD) by 50.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,573 shares of the bank’s stock after buying an additional 6,925 shares during the quarter. Signaturefd LLC’s holdings in Banco Bradesco were worth $141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BBD. Neuberger Berman Group LLC purchased a new position in Banco Bradesco during the first quarter worth $124,000. Flow Traders U.S. LLC purchased a new position in Banco Bradesco during the first quarter worth $152,000. Quantitative Systematic Strategies LLC purchased a new position in Banco Bradesco during the second quarter worth $183,000. Confluence Investment Management LLC purchased a new stake in shares of Banco Bradesco in the second quarter valued at $230,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Banco Bradesco in the first quarter valued at $435,000. 3.17% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on BBD shares. ValuEngine raised Banco Bradesco from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Santander raised Banco Bradesco from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research downgraded Banco Bradesco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $8.00.

Shares of Banco Bradesco stock opened at $8.70 on Tuesday. Banco Bradesco SA has a twelve month low of $6.49 and a twelve month high of $13.18. The firm has a market capitalization of $47.39 billion, a P/E ratio of 9.78, a PEG ratio of 0.46 and a beta of 1.79. 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 (NYSE:BBD) last issued its earnings results on Wednesday, July 25th. The bank reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. The firm had revenue of $7.31 billion for the quarter. Banco Bradesco had a return on equity of 17.06% and a net margin of 12.02%. As a group, equities research analysts predict that Banco Bradesco SA will post 0.76 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Thursday, November 8th. Shareholders of record on Wednesday, October 3rd will be paid a dividend of $0.0046 per share. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, October 2nd. Banco Bradesco’s dividend payout ratio is presently 5.62%.

Banco Bradesco Profile

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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Institutional Ownership by Quarter for Banco Bradesco (NYSE:BBD)

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