Shares of Banco Bradesco SA (NYSE:BBD) have received an average rating of “Buy” from the six research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $12.20.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Banco Bradesco from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Goldman Sachs Group raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating and set a $12.40 target price on the stock in a research note on Monday, September 11th. Finally, ValuEngine lowered shares of Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cutler Investment Counsel LLC purchased a new position in Banco Bradesco in the 3rd quarter worth approximately $131,000. Empirical Finance LLC purchased a new position in Banco Bradesco in the 3rd quarter worth approximately $144,000. Fox Run Management L.L.C. purchased a new position in Banco Bradesco in the 3rd quarter worth approximately $183,000. Stifel Financial Corp lifted its stake in Banco Bradesco by 102.6% in the 2nd quarter. Stifel Financial Corp now owns 21,830 shares of the bank’s stock worth $186,000 after purchasing an additional 11,057 shares in the last quarter. Finally, QCM Cayman Ltd. purchased a new position in Banco Bradesco in the 2nd quarter worth approximately $228,000. 2.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Banco Bradesco (NYSE:BBD) traded up $0.13 during trading on Tuesday, reaching $10.97. 5,474,046 shares of the company were exchanged, compared to its average volume of 6,740,825. The stock has a market cap of $64,920.00, a price-to-earnings ratio of 12.05, a PEG ratio of 0.96 and a beta of 1.72. Banco Bradesco has a 1 year low of $7.83 and a 1 year high of $11.86.
The firm also recently announced a special dividend, which will be paid on Monday, February 12th. Shareholders of record on Thursday, January 4th will be paid a $0.0057 dividend. This represents a yield of 29.41%. The ex-dividend date is Wednesday, January 3rd. Banco Bradesco’s dividend payout ratio (DPR) is 27.47%.
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About Banco Bradesco
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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