Larch Capital Partners LLC Makes New Investment in Banco Bradesco SA $BBD

Larch Capital Partners LLC bought a new stake in Banco Bradesco SA (NYSE:BBD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,253,600 shares of the bank’s stock, valued at approximately $8,037,000. Banco Bradesco comprises 1.1% of Larch Capital Partners LLC’s investment portfolio, making the stock its 5th biggest position.

Other institutional investors have also modified their holdings of the company. Millennium Management LLC lifted its holdings in shares of Banco Bradesco by 28.4% during the first quarter. Millennium Management LLC now owns 6,834,192 shares of the bank’s stock worth $15,240,000 after purchasing an additional 1,510,481 shares during the period. Jones Financial Companies Lllp increased its stake in Banco Bradesco by 3,749.8% in the 1st quarter. Jones Financial Companies Lllp now owns 38,613 shares of the bank’s stock valued at $86,000 after buying an additional 37,610 shares during the period. Goldman Sachs Group Inc. increased its stake in Banco Bradesco by 116.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock valued at $73,885,000 after buying an additional 17,853,712 shares during the period. Sivia Capital Partners LLC purchased a new position in Banco Bradesco during the 2nd quarter worth $62,000. Finally, JPMorgan Chase & Co. raised its position in Banco Bradesco by 22.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 964,959 shares of the bank’s stock worth $2,982,000 after buying an additional 174,126 shares during the last quarter.

Banco Bradesco Trading Down 1.9%

Shares of BBD stock opened at $3.37 on Friday. The business’s fifty day moving average price is $3.68 and its 200 day moving average price is $3.68. Banco Bradesco SA has a 1-year low of $2.73 and a 1-year high of $4.30. The firm has a market capitalization of $35.66 billion, a PE ratio of 8.63, a P/E/G ratio of 0.42 and a beta of 0.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%.The firm had revenue of $1.50 billion during the quarter. As a group, sell-side analysts forecast that Banco Bradesco SA will post 0.5 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 6th will be issued a $0.0038 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. Banco Bradesco’s dividend payout ratio (DPR) is currently 7.69%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BBD shares. Itau BBA Securities reaffirmed an “outperform” rating on shares of Banco Bradesco in a report on Friday, February 27th. Weiss Ratings raised shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.