The Wall Street Journal reports that Banco Bradesco S.A. (NYSE: BBD), which disbursed its monthly dividend on December 28, is a company whose shares are traded on the New York Stock Exchange. Those shareholders who had submitted their records to the bank by Tuesday, January 10, will be eligible to receive a dividend payment from the financial institution for $0.0036 per share. This payment will be distributed on the following Monday, March 20. This results in a yield of 1.48% per quarter and a dividend of $0.04 per year due to what happens as a result. January 9, a Monday, will be the date that will no longer count toward the total dividend amount. Compared to Banco Bradesco’s most recent monthly dividend payment, which was $0.0027, this demonstrates an increase in the company’s dividend payout.
Since Banco Bradesco has a dividend payout ratio set at 8%, the dividends the company distributes are adequately supported by the company’s profits. Banco Bradesco has projected that its future payout ratio will be 8.3%, and the company has projected that its expected earnings per share will be $0.48. As a result of these projections, analysts believe that Banco Bradesco will be able to meet its annual dividend payment of $0.04.
The price of NYSE: BBD rose by $0.14 throughout trading on Wednesday, and it ultimately settled at $2.90 per share. The total volume of shares traded was 29,610,264, while the average was 37,921,793. There were a total of 29,610,264 shares traded. The stock’s 50-day moving average and its 200-day moving average are currently sitting at $3.09 and $3.40, respectively, as of right now. The company’s market capitalization is $30.91 billion, its price-to-earnings ratio is 6.95, its price-to-earnings-to-growth ratio is 0.50, and its beta coefficient is 0.78. There is a ratio of 1.69 debt to equity, a ratio of 1.56 quick to current ratio, and a ratio of 1.52 percent between the current and the quick ratio. During the previous year, the price of Banco Bradesco ranged from a low of $2.50 to a high of $4.32.
Banco Bradesco’s (NYSE: BBD) most recent quarterly earnings report was released to the public on November 8, a Tuesday. The bank came in with earnings per share for the quarter totaling $0.09, which was $0.03 less than the average projection of $0.12 per share. 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. This year, Banco Bradesco is expected to bring in profits per share of $0.44, according to the projections of analysts who follow the financial sector.
Recent shifts in the interests of institutional investors in BBD include increases and decreases in the size of those interests. These shifts can be seen in both positive and negative directions. During the second quarter, Creative Planning successfully increased its holdings in Banco Bradesco by a percentage equal to 27.6%. Following the acquisition of 3,312 shares during the preceding quarter, Creative Planning now holds 15,319 shares of the bank’s stock. The combined value of these shares, as determined by the current market, is $50,000. Captrust Financial Advisors successfully achieved a 21.4% increase in the amount of Banco Bradesco stock they owned over the second quarter. Because of the purchase of 3,610 additional shares during the most recent quarter, Captrust Financial Advisors now directly owns 20,501 shares of the bank’s stock, which is $67,000. These shares were acquired during the most recent quarter. During 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. Toroso Investments LLC increased its ownership stake in Banco Bradesco by 6.4% during the third quarter of 2018. After making an additional purchase of 4,372 shares during the most recent quarter, Toroso Investments LLC now has 72,178 shares of the bank’s stock in its possession. Toroso Investments LLC has a total holding value of $266,000 in the bank’s stock today. Finally, Sequoia Financial Advisors LLC increased the amount of Banco Bradesco stock owned by 36.4% over the first three months of the year. Sequoia Financial Advisors LLC’s holdings in the company are 16,506 shares, and their market value is $77,000. This represents an increase of 4,407 shares that were purchased during the most recent quarter of the fiscal year. Various hedge funds and other institutional investors hold 2.36 percent of the company’s shares.
Several different research companies have published recent findings on BBD. [Note:] [Note:] [Note:] Goldman Sachs Group decreased their target price for Banco Bradesco from $5.40 to $4.80 in a research note that was published on Thursday, November 10. Despite this modification, Goldman Sachs Group believed that investors should “buy” the stock. 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. In a report distributed on December 8, Grupo Santander changed its recommendation for Banco Bradesco from “outperform” to “neutral.” Banco Bradesco was given an improved rating of “outperform” by BBA Securities in a study that was made public on November 9. This rating represents an upgrade from the company’s previous rating of “market perform.” In addition, BBA Securities determined that the company should strive to reach a price of $21.00. JPMorgan Chase & Co. designated Banco Bradesco as having an “overweight” rating in a report that was made public on November 17 and was described as having the highest possible rating. The stock was given a rating of “Hold” by four equity research specialists, while a “buy” rating was given by the remaining five specialists. The company is currently rated as a “Moderate Buy” by the consensus, and its price target is currently set at a consensus of $12.58, as indicated by the data that Bloomberg.com provided.
Banco Bradesco S.A. and its subsidiaries offer customers in Brazil and worldwide access to a diverse range of banking products and services from which to choose. These customers include firms, organizations, and businesses of varying sizes. 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.