Banco Bradesco SA Plans Special Dividend of $0.01 (BBDO)

Nationwide Fund Advisors increased its position in shares of Banco Bradesco by 29.5% during the 2nd quarter.

A number of other large investors also recently modified their holdings of the stock. Cutler Investment Counsel LLC bought a new stake in shares of Banco Bradesco in the third quarter valued at about $131,000. Ameriprise Financial Inc. now owns 75,591 shares of the bank's stock valued at $643,000 after purchasing an additional 11,473 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in Banco Bradesco during the fourth quarter worth about $151,000. The stock's quarterly performance indicates a positive momentum of 11.86 percent, whereas its last one month trend is optimistic with 5.64 percent. Janus Henderson Group PLC raised its stake in shares of Banco Bradesco by 10.0% during the second quarter. Empirical Finance LLC purchased a new position in shares of Banco Bradesco in the 3rd quarter worth approximately $144,000. Eqis Capital Management Inc. now owns 52,661 shares of the bank's stock valued at $583,000 after acquiring an additional 31,127 shares during the last quarter.

Banco Bradesco S.A. (BBD) has an Analysts' Mean Recommendation of 2.6.

Banco Bradesco S.A. (NYSE:BBD) reported its EPS in the last quarter as $0.25/Share beating the analyst estimate of $0.23/Share by a difference of $0.02. Zacks Investment Research raised shares of Banco Bradesco from a "sell" rating to a "hold" rating in a research report on Wednesday, November 8th.

Banco Bradesco (NYSE:BBD) was upgraded by equities researchers at Citigroup from a "neutral" rating to a "buy" rating in a note issued to investors on Thursday, January 18th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average price target of $12.20.

Banco Bradesco SA (NYSE BBD) opened at $11.33 on Friday. The 52-Week High range of the stock is $13.18, while the 52-week low range is $7.84.

The company P/E (price to earnings) ratio is 12.72 and Forward P/E ratio is 10.12. Banco Bradesco had a return on equity of 17.54% and a net margin of 9.87%. analysts forecast that Banco Bradesco will post 0.96 earnings per share for the current year. Shareholders of record on Monday, February 5th will be given a dividend of 0.005 per share by the bank on Monday, March 12th. This represents a dividend yield of 0.65%. Banco Bradesco SA's payout ratio is now 7.86%. If you are reading this piece on another publication, it was illegally copied and republished in violation of USA & worldwide trademark and copyright laws. The correct version of this news story can be read at

Banco Bradesco S.A. (NYSE:BBD) has the Market Capitalization of 67.91 Billion. The Bank offers a range of banking and financial products and services in Brazil and overseas to individuals, large, mid-sized and small companies, and local and global corporations and institutions. The company operates in two segments, Banking; and Insurance, Pension Plans and Capitalization Bond.

Want to see what other hedge funds are holding BBD?

Notícias recomendadas

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.