Shares of Banco Bradesco SA (NYSE:BBD) have been given a consensus recommendation of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $9.58.

A number of analysts have issued reports on the stock. Goldman Sachs Group cut shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Finally, Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Monday, July 8th.

NYSE BBD traded down $0.06 during trading on Friday, reaching $10.19. The company’s stock had a trading volume of 10,949,596 shares, compared to its average volume of 11,485,609. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $98.80 billion, a PE ratio of 14.35, a PEG ratio of 0.59 and a beta of 0.92. The stock has a 50-day simple moving average of $9.56. Banco Bradesco has a 1-year low of $5.41 and a 1-year high of $10.55.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Thursday, April 25th. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The firm had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Banco Bradesco had a net margin of 15.96% and a return on equity of 18.75%. On average, sell-side analysts expect that Banco Bradesco will post 0.78 earnings per share for the current year.

The business also recently announced a dividend, which will be paid on Monday, July 22nd. Investors of record on Tuesday, July 2nd will be given a dividend of $0.037 per share. The ex-dividend date is Monday, July 1st. This is a positive change from Banco Bradesco’s previous dividend of $0.01. Banco Bradesco’s payout ratio is 5.63%.

A number of hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. increased its position in Banco Bradesco by 1.4% during the first quarter. Baillie Gifford & Co. now owns 21,311,872 shares of the bank’s stock worth $232,512,000 after acquiring an additional 296,430 shares during the period. Bank of America Corp DE increased its holdings in Banco Bradesco by 128.4% in the 4th quarter. Bank of America Corp DE now owns 19,294,160 shares of the bank’s stock valued at $190,819,000 after buying an additional 10,845,906 shares during the period. Dimensional Fund Advisors LP increased its holdings in Banco Bradesco by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 15,005,735 shares of the bank’s stock valued at $148,416,000 after buying an additional 148,882 shares during the period. Lazard Asset Management LLC increased its holdings in Banco Bradesco by 8.3% in the 1st quarter. Lazard Asset Management LLC now owns 9,334,580 shares of the bank’s stock valued at $101,840,000 after buying an additional 711,881 shares during the period. Finally, Northern Trust Corp increased its holdings in Banco Bradesco by 3.0% in the 4th quarter. Northern Trust Corp now owns 4,116,742 shares of the bank’s stock valued at $40,715,000 after buying an additional 120,941 shares during the period. 2.06% of the stock is currently owned by institutional investors and hedge funds.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

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Analyst Recommendations for Banco Bradesco (NYSE:BBD)

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