Mariner LLC Purchases 171,050 Shares of Banco Bradesco S.A. (NYSE:BBD)

Mariner LLC boosted its position in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 223.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 247,490 shares of the bank's stock after buying an additional 171,050 shares during the quarter. Mariner LLC's holdings in Banco Bradesco were worth $473,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Banco Bradesco during the fourth quarter valued at about $30,000. Traveka Wealth LLC bought a new stake in Banco Bradesco in the fourth quarter valued at $31,000. Peapack Gladstone Financial Corp boosted its stake in shares of Banco Bradesco by 54.5% in the 4th quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank's stock valued at $32,000 after purchasing an additional 6,000 shares in the last quarter. Blue Trust Inc. increased its position in shares of Banco Bradesco by 78.2% during the 4th quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock worth $38,000 after purchasing an additional 8,801 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in Banco Bradesco by 27.2% in the fourth quarter. HighTower Advisors LLC now owns 25,317 shares of the bank's stock valued at $48,000 after buying an additional 5,421 shares in the last quarter.

Banco Bradesco Stock Up 18.5 %

Shares of NYSE:BBD traded up $0.42 during trading on Thursday, hitting $2.69. 38,780,864 shares of the company's stock traded hands, compared to its average volume of 43,143,707. The company has a 50-day moving average price of $2.21 and a 200-day moving average price of $2.17. Banco Bradesco S.A. has a 52 week low of $1.84 and a 52 week high of $2.96. 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 company has a market cap of $28.63 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 0.32 and a beta of 0.65.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. As a group, research analysts forecast that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 7th will be paid a $0.0022 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a yield of 1.08%. Banco Bradesco's payout ratio is currently 6.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group cut Banco Bradesco from a "buy" rating to a "sell" rating and dropped 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. Finally, HSBC upgraded shares of Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price on the stock in a report on Monday, January 13th.

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.