Two Sigma Securities LLC purchased a new stake in Banco Bradesco SA (NYSE:BBD) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 24,029 shares of the bank’s stock, valued at approximately $246,000.
Other large investors also recently made changes to their positions in the company. Signaturefd LLC purchased a new position in Banco Bradesco during the 4th quarter worth $109,000. Cutler Investment Counsel LLC purchased a new position in Banco Bradesco during the 3rd quarter worth $131,000. Quantitative Systematic Strategies LLC purchased a new position in Banco Bradesco during the 4th quarter worth $151,000. Premia Global Advisors LLC purchased a new position in Banco Bradesco during the 4th quarter worth $155,000. Finally, Advisor Partners LLC purchased a new position in Banco Bradesco during the 4th quarter worth $161,000. Institutional investors and hedge funds own 2.88% of the company’s stock.
Banco Bradesco SA (BBD) opened at $11.59 on Friday. Banco Bradesco SA has a one year low of $7.83 and a one year high of $13.18. The firm has a market capitalization of $77,243.92, a price-to-earnings ratio of 15.29 and a beta of 1.87.
Banco Bradesco (NYSE:BBD) last issued its quarterly earnings results on Thursday, February 1st. The bank reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. Banco Bradesco had a return on equity of 17.44% and a net margin of 9.87%. The company had revenue of $9.90 billion during the quarter, compared to analysts’ expectations of $8.20 billion. analysts forecast that Banco Bradesco SA will post 0.95 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Wednesday, April 4th will be given a dividend of $0.0058 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a boost from Banco Bradesco’s previous special dividend of $0.01. Banco Bradesco’s payout ratio is currently 7.91%.
Several research analysts recently weighed in on the company. ValuEngine upgraded Banco Bradesco from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. upgraded Banco Bradesco from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. Citigroup upgraded Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Finally, Zacks Investment Research downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $12.20.
Banco Bradesco Company Profile
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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