Banco Bradesco S.A. (NYSE:BBD - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $2.60 and last traded at $2.65, with a volume of 16184872 shares traded. The stock had previously closed at $2.66.
Analyst Ratings Changes
BBD has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of Banco Bradesco from a "sell" rating to a "neutral" rating and set a $2.80 price target on the stock in a research report on Tuesday, February 20th. Jefferies Financial Group lowered shares of Banco Bradesco from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. Finally, HSBC lowered shares of Banco Bradesco from a "buy" rating to a "hold" rating in a research report on Monday, January 8th.
Check Out Our Latest Report on Banco Bradesco
Banco Bradesco Stock Down 0.2 %
The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $28.30 billion, a price-to-earnings ratio of 12.62 and a beta of 0.95. The firm's fifty day simple moving average is $2.81 and its two-hundred day simple moving average is $3.04.
Banco Bradesco Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 6th will be issued a $0.0036 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.04 annualized dividend and a yield of 1.63%. Banco Bradesco's payout ratio is 14.29%.
Hedge Funds Weigh In On Banco Bradesco
Several institutional investors and hedge funds have recently bought and sold shares of BBD. Natixis acquired a new stake in shares of Banco Bradesco in the fourth quarter valued at $26,000. Savvy Advisors Inc. acquired a new position in Banco Bradesco in the 4th quarter valued at about $35,000. LGT Group Foundation purchased a new stake in Banco Bradesco during the third quarter worth about $30,000. CI Private Wealth LLC acquired a new stake in shares of Banco Bradesco during the fourth quarter worth about $32,000. Finally, HTLF Bank acquired a new stake in shares of Banco Bradesco during the fourth quarter worth about $42,000.
About Banco Bradesco
(
Get Free Report)
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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