Banco Bradesco - BBD Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banco Bradesco in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BBD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BBD, but not buy additional shares or sell existing shares.
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9 Wall Street research analysts have issued twelve-month price targets for Banco Bradesco's stock. Their BBD share price forecasts range from $2.70 to $21.00. On average, they expect the company's stock price to reach $11.93 in the next year. This suggests a possible upside of 380.8% from the stock's current price.
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Banco Bradesco's stock was trading at $2.88 at the beginning of 2023. Since then, BBD stock has decreased by 13.9% and is now trading at $2.48.
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Banco Bradesco saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 89,120,000 shares, a decrease of 6.4% from the February 13th total of 95,170,000 shares. Based on an average daily volume of 34,840,000 shares, the days-to-cover ratio is presently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our BBD earnings forecast.

Banco Bradesco S.A. (NYSE:BBD) announced its earnings results on Monday, May, 3rd. The bank reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $1.11. The bank had revenue of $5.52 billion for the quarter, compared to analysts' expectations of $4.94 billion. Banco Bradesco had a trailing twelve-month return on equity of 13.43% and a net margin of 11.49%.

Banco Bradesco declared a monthly dividend on Thursday, March 2nd. Shareholders of record on Wednesday, April 5th will be given a dividend of $0.0036 per share on Friday, May 12th. This represents a $0.04 annualized dividend and a yield of 1.76%. The ex-dividend date is Tuesday, April 4th.
Read our dividend analysis for BBD.

ETFs with the largest weight of Banco Bradesco (NYSE:BBD) stock in their portfolio include iShares Latin America 40 ETF (ILF), OneAscent Emerging Markets ETF (OAEM), First Trust BICK Index Fund (BICK), Avantis Emerging Markets Value ETF (AVES), Adasina Social Justice All Cap Global ETF (JSTC), Alpha Architect Freedom 100 Emerging Market ETF (FRDM), SPDR Portfolio Emerging Markets ETF (SPEM) and iShares Global Financials ETF (IXG).

Banco Bradesco (NYSE:BBD) pays an annual dividend of $0.03 per share and currently has a dividend yield of 1.35%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBD will have a dividend payout ratio of 6.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BBD.

Shares of Banco Bradesco split on the morning of Tuesday, April 19th 2022. The 11-10 split was announced on Tuesday, April 19th 2022. The newly created shares were distributed to shareholders after the market closes on Tuesday, April 19th 2022. An investor that had 100 shares of stock prior to the split would have 110 shares after the split.

31 employees have rated Banco Bradesco Chief Executive Officer Octavio de Lazari on Glassdoor.com. Octavio de Lazari has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Banco Bradesco investors own include Bombardier, Inc. Class B (BBD.B), Petróleo Brasileiro S.A. - Petrobras (PBR), Bombardier (BDRBF), Vale (VALE), Bank of America (BAC), General Electric (GE), Citigroup (C), Energy Transfer (ET), Applied Materials (AMAT) and AT&T (T).

Banco Bradesco trades on the New York Stock Exchange (NYSE) under the ticker symbol "BBD."

Banco Bradesco's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sprucegrove Investment Management Ltd. (0.78%), abrdn plc (0.63%), Baillie Gifford & Co. (0.53%), Franklin Resources Inc. (0.49%), National Bank of Canada FI (0.46%) and Pendal Group Ltd (0.33%).

Shares of BBD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BBD stock can currently be purchased for approximately $2.48.

Banco Bradesco (NYSE:BBD) has a market capitalization of $26.43 billion and generates $35.24 billion in revenue each year. The bank earns $4.02 billion in net income (profit) each year or $0.36 on an earnings per share basis.

The company employs 87,274 workers across the globe.

Banco Bradesco's mailing address is CIDADE DE DEUS S/N VILA YARA, OSASCO D5, 06029-900. The official website for the company is www.banco.bradesco. The bank can be reached via phone at 551136844011, via email at investors@bradesco.com, or via fax at 55-11-3684-4630.