According to Zacks, Banco Bradesco S.A. (NYSE: BBD) made an announcement on January 11 concerning a monthly dividend. On March 8, shareholders who were eligible to receive a dividend payment from the bank and who had their shares on record as of the previous Friday, February 3, will have the opportunity to receive a dividend payment from the bank of $0.003 per share. When the dividend is calculated on an annualized basis, this results in a yield of 1.24% and a dividend payout of $0.04 per share. The date shareholders will be required to pay taxes on the dividend that will be disbursed is Thursday, February 2.
The most recent earnings report for Banco Bradesco (NYSE: BBD) was released on November 8, Tuesday. The bank reported a quarterly profit of $0.09 per share, which was $0.03 less than the consensus estimate of $0.12 per share from financial analysts. In other words, the bank underperformed the market by this amount. The company’s quarterly revenue was $8.90 billion, significantly higher than the $5.89 billion in sales that industry analysts had predicted the company would bring in for the period. Banco Bradesco reported a return on equity of 16.73 percent and a net margin of 13.60 percent for the period. According to forecasts provided by analysts in the financial sector, Banco Bradesco will likely generate an income of 0.44 cents per share during the current financial year.
Recent commentary on the stock comes from analysts who focus on equity research and have recently shared their perspectives on the stock. BBA Securities changed their rating on the shares of Banco Bradesco from “market perform” to “outperform” in a research report published on Wednesday, November 9. The stock of the company was also given a price objective by the brokerage firm, which was set at 21.00 dollars. In a report distributed on November 10, Goldman Sachs Group lowered both their price goal for Banco Bradesco and their “buy” rating for the company. The target price was lowered from $5.40 to $4.80 in response to market conditions. In a report released on Tuesday, November 15, Barclays lowered its price target for Banco Bradesco from $5.00 to $3.50, and the firm’s rating on the company was changed from “overweight” to “equal weight.” These changes were made in response to the company’s performance over the past week. The “buy” recommendation Citigroup had previously held for Banco Bradesco was changed to a “neutral” rating in a research note published on November 9. Bank of America lowered its recommendation for Banco Bradesco from “buy” to “neutral” in a report that was made public on November 9. The stock was given a rating of “Hold” by four equity research specialists, while a “buy” rating was given by the remaining five specialists. According to Bloomberg, the current average rating for Banco Bradesco is “Moderate Buy,” and the consensus price objective for the company is $12.58. In addition, the average price target for the company is $12.58.
On Friday, the price of a single share of NYSE BBD stock was $2.91 when trading got underway. The company has a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 0.45, and a beta coefficient of 0.77, all of which contribute to its market capitalization of $31.02 billion. The stock price is currently trading at a moving average of $2.87 for the past 50 days and a moving average of $3.34 for the past 200 days. Over the previous year, Banco Bradesco’s low and high prices were both $2.50.
Due to recent occurrences, institutional investors and hedge funds have either increased or decreased their ownership interests in the company, which has resulted in both scenarios. Toroso Investments LLC increased its ownership stake in Banco Bradesco by 6.4% during the third quarter of 2018. Toroso Investments LLC is the current owner of 72,178 shares of the bank’s stock, which have a combined value of $266,000 due to the company’s acquisition of 4,372 additional shares during the period in question. Captrust Financial Advisors achieved a 47.3% increase in the proportion of Banco Bradesco stock they owned by the end of the third quarter. Captrust Financial Advisors has purchased an additional 9,707 shares of the company’s stock since the beginning of this period, bringing its total number of shares to 30,208, with a current market value of $111,000During the third quarter, Mercer Global Advisors Inc. (ADV) was able to amass an additional 35.3% of Banco Bradesco stock than it did in the previous quarter. Mercer Global Advisors Inc. (ADV) now has 14,768 shares of the bank’s stock thanks to the purchase of an additional 3,849 shares during the most recent quarter. The stock currently has a market value of $54,000. Vanguard Group Inc. increased the proportion of Banco Bradesco stock owned by 3.3% during the third quarter. After making additional purchases totaling $632,241 during the quarter, Vanguard Group Inc. now has 19,707,827 shares of the bank’s stock in its possession. The value of these shares on the market as of right now is $72,525,000. Finally, during the third quarter, Federated Hermes Inc. increased the percentage of Banco Bradesco shares it owned by an amount equal to 12.0%. Following acquiring 15,984 additional shares during the most recent fiscal quarter, Federated Hermes Inc. now holds 148,701 shares of the bank’s stock. Each share of the bank’s stock has a market value of $547,000, and the company’s holdings have a market value of $547,000. 2.36 percentage points of the total are accounted for by the ownership of the company’s shares by hedge funds and other institutional investors.
Banco Bradesco S.A. and its subsidiaries provide a comprehensive range of banking products and services from which clients in Brazil and other parts of the world, including firms, organizations, and businesses of varying sizes, can select the options that best meet their needs. The company can be broken down into two distinct sub-industries: banking and insurance. It provides:
Current accounts, savings accounts, checking accounts, and salary accounts.
Auto, personal accident, dental, travel, and life insurance.
Investment and pension products.
Real estate and vehicle auctions.
Payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit.
Debit and business cards.
Financial and security services.
Foreign trade and exchange services.
Other products and services include:
Auto, personal accident, travel, and life insurance.
Investment and pension products.
Real estate and vehicle auctions.
Cash management and international trade and exchange services are also included among the available options.