Caprock Group LLC Makes New Investment in Banco Bradesco SA $BBDO

Caprock Group LLC acquired a new stake in Banco Bradesco SA (NYSE:BBDO) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 149,428 shares of the bank’s stock, valued at approximately $410,000.

A number of other hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Banco Bradesco by 54.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock worth $1,073,000 after buying an additional 181,299 shares during the period. Ritholtz Wealth Management acquired a new stake in Banco Bradesco during the second quarter worth approximately $30,000. Savant Capital LLC bought a new stake in shares of Banco Bradesco during the second quarter worth approximately $51,000. D Orazio & Associates Inc. boosted its holdings in shares of Banco Bradesco by 432.0% during the second quarter. D Orazio & Associates Inc. now owns 66,606 shares of the bank’s stock worth $182,000 after acquiring an additional 54,085 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Banco Bradesco in the third quarter valued at approximately $72,000.

Banco Bradesco Trading Up 0.1%

NYSE BBDO opened at $3.57 on Wednesday. The firm has a 50-day moving average price of $3.20 and a two-hundred day moving average price of $2.98. Banco Bradesco SA has a 12-month low of $1.80 and a 12-month high of $3.71. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.45 and a quick ratio of 1.12.

Banco Bradesco (NYSE:BBDO) last released its quarterly earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter. The company had revenue of $12.03 billion during the quarter. Banco Bradesco had a net margin of 9.85% and a return on equity of 13.78%.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a $0.0033 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a c) annualized dividend and a yield of 1.1%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s payout ratio is presently 5.13%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Banco Bradesco has an average rating of “Buy”.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.