A number of other analysts have also weighed in on the company. ValuEngine lowered Banco Bradesco from a strong-buy rating to a buy rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered Banco Bradesco from a hold rating to a sell rating in a report on Tuesday, April 17th. Finally, JPMorgan Chase & Co. upgraded Banco Bradesco from a neutral rating to an overweight rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Banco Bradesco currently has a consensus rating of Buy and a consensus target price of $12.20.
Banco Bradesco opened at $8.51 on Monday, MarketBeat reports. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.93. The firm has a market cap of $57.43 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.51 and a beta of 1.86. Banco Bradesco has a twelve month low of $7.83 and a twelve month high of $13.18.
The firm also recently declared a special dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Tuesday, June 5th will be given a dividend of $0.0053 per share. The ex-dividend date of this dividend is Monday, June 4th. Banco Bradesco’s payout ratio is presently 6.74%.
Several hedge funds have recently modified their holdings of BBD. Signaturefd LLC acquired a new position in shares of Banco Bradesco during the fourth quarter worth $109,000. Neuberger Berman Group LLC acquired a new position in shares of Banco Bradesco during the first quarter worth $124,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Banco Bradesco during the fourth quarter worth $151,000. Flow Traders U.S. LLC acquired a new position in shares of Banco Bradesco during the first quarter worth $152,000. Finally, Premia Global Advisors LLC acquired a new position in shares of Banco Bradesco during the fourth quarter worth $155,000. 2.82% of the stock is currently owned by institutional investors and hedge funds.
Banco Bradesco Company Profile
Banco Bradesco SA provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates in two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes.
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