Banco Bradesco (NYSE:BBD) Earns "Hold (C+)" Rating from Weiss Ratings

Key Points

• Banco Bradesco's stock has been assigned a "hold (C+)" rating by Weiss Ratings, indicating a cautious outlook from analysts.
• The bank reported earnings of $0.10 per share in its latest quarterly results, meeting consensus estimates, with a revenue of $5.87 billion.
• Recent trading activity saw Banco Bradesco's stock increase by 0.1%, reaching a price of $3.36, with a market capitalization of $35.70 billion.

Banco Bradesco (NYSE:BBD - Get Free Report)'s stock had its "hold (c+)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Banco Bradesco Stock Up 0.1%

BBD stock traded up $0.01 during midday trading on Friday, hitting $3.36. The company's stock had a trading volume of 31,428,551 shares, compared to its average volume of 44,055,855. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. Banco Bradesco has a twelve month low of $1.84 and a twelve month high of $3.41. The company's fifty day moving average price is $3.17 and its 200 day moving average price is $2.89. The stock has a market capitalization of $35.70 billion, a P/E ratio of 9.59, a PEG ratio of 0.40 and a beta of 0.75.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $32.70 billion. As a group, equities research analysts predict that Banco Bradesco will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Banco Bradesco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aprio Wealth Management LLC acquired a new position in shares of Banco Bradesco during the 1st quarter worth about $25,000. GAMMA Investing LLC increased its stake in shares of Banco Bradesco by 92.7% during the 2nd quarter. GAMMA Investing LLC now owns 8,034 shares of the bank's stock worth $25,000 after purchasing an additional 3,864 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Banco Bradesco during the 1st quarter worth about $26,000. EverSource Wealth Advisors LLC increased its stake in shares of Banco Bradesco by 100.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank's stock worth $27,000 after purchasing an additional 4,353 shares during the last quarter. Finally, BSW Wealth Partners acquired a new position in shares of Banco Bradesco during the 1st quarter worth about $29,000.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.

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