Banco Bradesco (NYSE:BBDO) Releases Quarterly Earnings Results

Key Points

• Banco Bradesco reported quarterly EPS of $0.12, alongside a 14.61% return on equity and a 10.20% net margin.
• Shares fell 3.7% to $3.62 during Thursday trading, though the stock remains within its $2.82–$4.16 one-year range.
• The bank increased its monthly dividend to $0.0035 per share, representing a 1.1% annualized yield, while Weiss Ratings upgraded the stock to “buy.”

Banco Bradesco (NYSE:BBDO - Get Free Report) posted its quarterly earnings results on Thursday. The bank reported $0.12 earnings per share (EPS) for the quarter, Zacks reports. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.20%.

Banco Bradesco Trading Down 3.7%

Shares of Banco Bradesco stock traded down $0.14 during trading on Thursday, hitting $3.62. The stock had a trading volume of 49,985 shares, compared to its average volume of 78,176. Banco Bradesco has a 1 year low of $2.82 and a 1 year high of $4.16. The stock has a 50 day simple moving average of $3.28 and a 200 day simple moving average of $3.23. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.93. The company has a market capitalization of $38.36 billion, a PE ratio of 8.62 and a beta of 0.48.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 11th. Stockholders of record on Thursday, November 5th will be given a $0.0035 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. This is an increase from Banco Bradesco's previous monthly dividend of $0.0034. The ex-dividend date of this dividend is Thursday, November 5th. Banco Bradesco's payout ratio is 42.86%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Banco Bradesco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, by Amador Aguiar, Bradesco developed from a regional bank into one of Brazil's largest private-sector banking groups.

The company provides a broad range of financial products and services to individuals, businesses and institutional customers. Its activities include deposit accounts, consumer and commercial lending, credit and debit cards, payment services, investment banking, asset management, brokerage and wealth management.

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