Laird Norton Wetherby Wealth Management LLC Lowers Stake in Banco Bradesco S.A. (NYSE:BBD)

Laird Norton Wetherby Wealth Management LLC trimmed its position in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,715 shares of the bank's stock after selling 108,624 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in Banco Bradesco were worth $208,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its position in shares of Banco Bradesco by 85.5% during the fourth quarter. New York State Common Retirement Fund now owns 3,936,542 shares of the bank's stock worth $7,519,000 after acquiring an additional 1,814,009 shares during the period. DAVENPORT & Co LLC purchased a new stake in shares of Banco Bradesco in the fourth quarter valued at approximately $66,000. BNP Paribas Financial Markets boosted its holdings in shares of Banco Bradesco by 431.3% in the fourth quarter. BNP Paribas Financial Markets now owns 7,205,238 shares of the bank's stock valued at $13,762,000 after purchasing an additional 5,848,994 shares during the period. Banco Santander S.A. boosted its holdings in shares of Banco Bradesco by 402.4% in the fourth quarter. Banco Santander S.A. now owns 1,802,819 shares of the bank's stock valued at $3,443,000 after purchasing an additional 1,443,986 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of Banco Bradesco by 1,334.2% in the fourth quarter. Natixis Advisors LLC now owns 3,759,101 shares of the bank's stock valued at $7,180,000 after purchasing an additional 3,496,994 shares during the period.

Banco Bradesco Trading Up 1.6%

Shares of NYSE BBD traded up $0.05 during trading hours on Friday, reaching $2.81. The stock had a trading volume of 66,694,266 shares, compared to its average volume of 34,302,862. The business's fifty day moving average price is $2.37 and its two-hundred day moving average price is $2.18. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The firm has a market cap of $29.85 billion, a price-to-earnings ratio of 9.35, a P/E/G ratio of 0.32 and a beta of 0.65. Banco Bradesco S.A. has a 52-week low of $1.84 and a 52-week high of $2.96.

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

Banco Bradesco Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 7th will be issued a dividend of $0.0022 per share. The ex-dividend date is Tuesday, May 6th. This represents a yield of 1.08%. Banco Bradesco's dividend payout ratio is currently 6.25%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BBD shares. The Goldman Sachs Group lowered Banco Bradesco from a "buy" rating to a "sell" rating and lowered their price target for the company from $2.40 to $2.00 in a report on Wednesday, February 12th. Bank of America upgraded Banco Bradesco from a "neutral" rating to a "buy" rating in a report on Thursday, May 8th.

Banco Bradesco 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.