Banco Bradesco SA (BBD) Given Average Rating of “Hold” by Brokerages

Banco Bradesco SA (NYSE:BBD) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company.

A number of analysts have recently commented on the stock. ValuEngine cut shares of Banco Bradesco from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Zacks Investment Research cut shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, Scotiabank cut shares of Banco Bradesco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, February 26th.

BBD stock opened at $8.82 on Monday. The stock has a market cap of $70.84 billion, a PE ratio of 12.42, a P/E/G ratio of 0.48 and a beta of 1.04. Banco Bradesco has a 52 week low of $5.41 and a 52 week high of $10.46.

Banco Bradesco (NYSE:BBD) last released its earnings results on Wednesday, January 30th. The bank reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $8.91 billion during the quarter. Banco Bradesco had a net margin of 15.16% and a return on equity of 17.68%. As a group, research analysts forecast that Banco Bradesco will post 0.82 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, April 8th will be paid a dividend of $0.004 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.54%. Banco Bradesco’s dividend payout ratio is currently 7.04%.

Hedge funds have recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. acquired a new position in Banco Bradesco during the fourth quarter worth about $29,000. Lindbrook Capital LLC acquired a new position in Banco Bradesco during the fourth quarter worth about $44,000. Navellier & Associates Inc boosted its position in Banco Bradesco by 89.3% during the fourth quarter. Navellier & Associates Inc now owns 6,036 shares of the bank’s stock worth $60,000 after acquiring an additional 2,847 shares during the last quarter. Advisor Group Inc. boosted its position in Banco Bradesco by 125.8% during the fourth quarter. Advisor Group Inc. now owns 8,350 shares of the bank’s stock worth $83,000 after acquiring an additional 4,652 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new position in Banco Bradesco during the fourth quarter worth about $100,000. 2.51% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: How to interpret the current ratio

Analyst Recommendations for Banco Bradesco (NYSE:BBD)

Receive News & Ratings for Banco Bradesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco and related companies with MarketBeat.com's FREE daily email newsletter.