Banco Bradesco SA (NYSE:BBD) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Banco Bradesco has received a consensus rating of "Hold" from six analysts, with an average price target of $2.40 for the next 12 months.
• Recent institutional activity shows significant investment changes, including a 355.5% increase in holdings by Tower Research Capital LLC in the second quarter.
• The bank's recent dividend announcement indicates a monthly payment of $0.0036 per share, resulting in a 1.4% dividend yield.

Banco Bradesco SA (NYSE:BBD - Get Free Report) has received an average rating of "Hold" from the six analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $2.40.

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Banco Bradesco in a report on Saturday, September 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC lifted its stake in shares of Banco Bradesco by 8.8% during the second quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank's stock worth $130,000 after purchasing an additional 3,402 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Banco Bradesco by 34.7% in the second quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank's stock worth $52,000 after acquiring an additional 4,355 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of Banco Bradesco by 51.4% in the second quarter. Orion Porfolio Solutions LLC now owns 226,349 shares of the bank's stock worth $699,000 after acquiring an additional 76,855 shares in the last quarter. Marex Group plc acquired a new position in shares of Banco Bradesco in the second quarter worth about $172,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Banco Bradesco by 355.5% in the second quarter. Tower Research Capital LLC TRC now owns 26,317 shares of the bank's stock worth $81,000 after acquiring an additional 20,539 shares in the last quarter.

Banco Bradesco Price Performance

Banco Bradesco stock traded up $0.01 during mid-day trading on Friday, hitting $3.18. 62,798,921 shares of the company were exchanged, compared to its average volume of 51,914,564. 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 business's 50 day simple moving average is $3.06 and its two-hundred day simple moving average is $2.78. The company has a market capitalization of $33.79 billion, a P/E ratio of 9.07, a PEG ratio of 0.39 and a beta of 0.75. Banco Bradesco has a 12-month low of $1.84 and a 12-month high of $3.41.

Banco Bradesco (NYSE:BBD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $32.70 billion. Banco Bradesco had a return on equity of 12.96% and a net margin of 9.76%. Analysts forecast that Banco Bradesco will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.0036 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, October 3rd. Banco Bradesco's payout ratio is currently 48.57%.

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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