Banco Bradesco S.A. (NYSE:BBD) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 431.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,205,238 shares of the bank's stock after purchasing an additional 5,848,994 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Banco Bradesco worth $13,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. HighTower Advisors LLC increased its stake in Banco Bradesco by 27.2% during the 4th quarter. HighTower Advisors LLC now owns 25,317 shares of the bank's stock worth $48,000 after buying an additional 5,421 shares during the period. Peapack Gladstone Financial Corp increased its position in shares of Banco Bradesco by 54.5% during the fourth quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank's stock worth $32,000 after acquiring an additional 6,000 shares during the last quarter. Eagle Bay Advisors LLC lifted its stake in shares of Banco Bradesco by 37.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 27,400 shares of the bank's stock worth $54,000 after acquiring an additional 7,400 shares in the last quarter. Blue Trust Inc. boosted its holdings in Banco Bradesco by 78.2% in the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock valued at $38,000 after purchasing an additional 8,801 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Banco Bradesco by 5.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 214,322 shares of the bank's stock valued at $409,000 after purchasing an additional 10,938 shares in the last quarter.

Banco Bradesco Trading Up 0.7 %

Banco Bradesco stock opened at $2.72 on Friday. Banco Bradesco S.A. has a 12-month low of $1.84 and a 12-month high of $2.96. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The stock has a market capitalization of $28.95 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.32 and a beta of 0.65. The firm has a 50 day simple moving average of $2.24 and a 200-day simple moving average of $2.16.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. The company had revenue of $5.69 billion during the quarter, compared to analyst estimates of $31.24 billion. As a group, equities research analysts expect that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, June 9th. Investors of record on Wednesday, May 7th will be given a $0.0022 dividend. The ex-dividend date is Tuesday, May 6th. This represents a dividend yield of 1.08%. Banco Bradesco's dividend payout ratio (DPR) is presently 6.25%.

Analyst Ratings Changes

Several research firms have recently weighed in on BBD. HSBC raised shares of Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price for the company in a research report on Monday, January 13th. The Goldman Sachs Group cut Banco Bradesco from a "buy" rating to a "sell" rating and cut their price objective for the company from $2.40 to $2.00 in a research note on Wednesday, February 12th. Finally, Bank of America upgraded Banco Bradesco from a "neutral" rating to a "buy" rating in a research report on Thursday.

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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