Banco Bradesco (NYSE:BBD) Receiving Somewhat Favorable Media Coverage, Study Shows
Headlines about Banco Bradesco (NYSE:BBD) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Banco Bradesco earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.8416102573349 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Banco Bradesco SA (BBD) Plans $0.01 Special Dividend (americanbankingnews.com)
- Banco Bradesco SA (BBD) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Drooping Earnings Growth Downgrades Banco Bradesco (BBD) to Hold (investorplace.com)
- Banco Bradesco (BBD) Looks Good: Stock Adds 8.4% in Session (zacks.com)
- Banco Bradesco (BBD) Set to Announce Earnings on Thursday (americanbankingnews.com)
Several equities analysts have issued reports on BBD shares. Zacks Investment Research cut shares of Banco Bradesco from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine cut shares of Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Citigroup upgraded shares of Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Finally, JPMorgan Chase & Co. upgraded shares of Banco Bradesco from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Banco Bradesco presently has an average rating of “Buy” and an average target price of $12.20.
Banco Bradesco (NYSE:BBD) last released its earnings results on Tuesday, October 31st. The bank reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Banco Bradesco had a net margin of 9.17% and a return on equity of 17.71%. The company had revenue of $12.11 billion for the quarter, compared to analysts’ expectations of $8.10 billion. sell-side analysts anticipate that Banco Bradesco will post 0.82 earnings per share for the current year.
The business also recently disclosed a special dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.005 per share. This represents a yield of 0.000438212094653812%. The ex-dividend date of this dividend is Friday, February 2nd. Banco Bradesco’s dividend payout ratio (DPR) is currently 33.33%.
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Banco Bradesco Company Profile
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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