Banco Bradesco (NYSE:BBDO) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• Banco Bradesco has had its stock rated as "hold (C+)" by Weiss Ratings, indicating a wait-and-see approach for investors.
• The bank's stock price recently traded at $2.93, with a 52-week range between $1.71 and $3.00.
• Recent activity from large investors includes significant increases in holdings, notably a 5,542.4% increase by Farther Finance Advisors LLC.

Banco Bradesco (NYSE:BBDO - Get Free Report)'s stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Banco Bradesco Stock Performance

Shares of BBDO stock traded up $0.01 during mid-day trading on Friday, hitting $2.93. The stock had a trading volume of 10,227 shares, compared to its average volume of 51,819. Banco Bradesco has a fifty-two week low of $1.71 and a fifty-two week high of $3.00. The firm has a market cap of $31.13 billion, a PE ratio of 8.36 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The company's 50-day simple moving average is $2.76 and its 200-day simple moving average is $2.54.

Banco Bradesco (NYSE:BBDO - Get Free Report) last released its earnings results on Wednesday, July 30th. The bank reported $0.10 EPS for the quarter. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%.

Hedge Funds Weigh In On Banco Bradesco

Large investors have recently made changes to their positions in the stock. Ritholtz Wealth Management purchased a new position in shares of Banco Bradesco in the 2nd quarter valued at about $30,000. Farther Finance Advisors LLC increased its holdings in shares of Banco Bradesco by 5,542.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank's stock valued at $30,000 after purchasing an additional 10,974 shares in the last quarter. Savant Capital LLC purchased a new position in shares of Banco Bradesco in the 2nd quarter valued at about $51,000. Aprio Wealth Management LLC purchased a new position in shares of Banco Bradesco in the 1st quarter valued at about $43,000. Finally, BSW Wealth Partners increased its holdings in shares of Banco Bradesco by 29.7% in the 1st quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock valued at $64,000 after purchasing an additional 7,027 shares in the last quarter.

Banco Bradesco Company Profile

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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