Banco Bradesco - BBD Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banco Bradesco in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BBD shares.
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9 equities research analysts have issued 12 month price objectives for Banco Bradesco's stock. Their BBD share price forecasts range from $3.50 to $21.00. On average, they predict the company's share price to reach $12.58 in the next twelve months. This suggests a possible upside of 365.7% from the stock's current price.
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Banco Bradesco's stock was trading at $3.1091 at the start of the year. Since then, BBD stock has decreased by 13.2% and is now trading at $2.70.
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Banco Bradesco saw a increase in short interest in November. As of November 15th, there was short interest totaling 41,960,000 shares, an increase of 132.7% from the October 31st total of 18,030,000 shares. Based on an average daily volume of 40,380,000 shares, the days-to-cover ratio is currently 1.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our BBD earnings forecast.

Banco Bradesco S.A. (NYSE:BBD) released its quarterly earnings data on Tuesday, November, 8th. The bank reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.12 by $0.03. The bank earned $8.90 billion during the quarter, compared to the consensus estimate of $5.89 billion. Banco Bradesco had a net margin of 13.60% and a trailing twelve-month return on equity of 16.73%.

Banco Bradesco declared a monthly dividend on Wednesday, October 26th. Stockholders of record on Monday, December 5th will be paid a dividend of $0.0027 per share on Monday, January 9th. This represents a $0.03 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Friday, December 2nd.
Read our dividend analysis for BBD.

Banco Bradesco (NYSE:BBD) pays an annual dividend of $0.03 per share and currently has a dividend yield of 1.09%. The dividend payout ratio is 7.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBD will have a dividend payout ratio of 6.25% 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 issued shares were issued to shareholders after the closing bell 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 a variety of retail and institutional investors. Top institutional investors include Sprucegrove Investment Management Ltd. (0.69%), Baillie Gifford & Co. (0.54%), Lazard Asset Management LLC (0.44%), UBS Asset Management Americas Inc. (0.39%), BlackRock Inc. (0.36%) and Pendal Group Ltd (0.35%).

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 $2.70.

Banco Bradesco (NYSE:BBD) has a market capitalization of $28.78 billion and generates $22.16 billion in revenue each year. The bank earns $4.07 billion in net income (profit) each year or $0.4045 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.