Banco Bradesco (NYSE:BBD) Sets New 1-Year High – Should You Buy?

Banco Bradesco SA (NYSE:BBD) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $4.34 and last traded at $4.3250, with a volume of 15099541 shares. The stock had previously closed at $3.65.

More Banco Bradesco News

Here are the key news stories impacting Banco Bradesco this week:

• Positive Sentiment: JPMorgan upgraded Banco Bradesco from “neutral” to “overweight,” signaling increased confidence in the bank’s earnings outlook and potential for further gains. The upgrade helped lift Bradesco’s preference shares. Banco Bradesco S.A. Pfd Shares Rise After JPMorgan Upgrade
• Positive Sentiment: Director Caffarelli purchased 31,266 preference shares for approximately $562,163. The direct insider purchase may be viewed as a vote of confidence in Bradesco’s valuation and recovery prospects. Banco Bradesco Director Caffarelli Buys 31,266 Preference Shares
• Positive Sentiment: Additional insider buying was reported by Director Denise Aguiar Alvarez, reinforcing the positive signal from management-related purchases. Top Banco Bradesco Insider Makes Bold Multi-Million Dollar Stock Move
• Neutral Sentiment: Bradesco benefited from a broad rally in Brazilian ADRs tied to changing political expectations ahead of Brazil’s presidential election. The move supports sentiment but also makes the stock more sensitive to political headlines. Brazilian ADRs Rally
• Negative Sentiment: A Seeking Alpha analysis downgraded Bradesco after the election-driven rally, suggesting that some recovery and political optimism may already be reflected in the valuation and limiting near-term upside. Bradesco Is No Longer Just a Turnaround Story

Analyst Upgrades and Downgrades

Several brokerages recently commented on BBD. Weiss Ratings lowered shares of Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. upgraded shares of Banco Bradesco from a “neutral” rating to an “overweight” rating in a report on Tuesday. Finally, Bradesco Corretora raised shares of Banco Bradesco from a “neutral” rating to an “overweight” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Banco Bradesco Stock Up 4.3%

The stock has a fifty day moving average price of $3.43 and a 200-day moving average price of $3.55. The firm has a market cap of $47.85 billion, a PE ratio of 10.75, a PEG ratio of 0.67 and a beta of 0.46. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Tuesday, June 30th. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a net margin of 10.55% and a return on equity of 14.61%. The firm had revenue of $6.77 billion for the quarter. Research analysts expect that Banco Bradesco SA will post 0.5 EPS for the current year.

Banco Bradesco Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, May 10th. Investors of record on Thursday, October 15th will be issued a dividend of $0.0728 per share. The ex-dividend date is Thursday, October 15th. Banco Bradesco’s payout ratio is presently 7.14%.

Institutional Trading of Banco Bradesco

Several large investors have recently added to or reduced their stakes in BBD. Tidal Investments LLC raised its stake in shares of Banco Bradesco by 1.9% in the 2nd quarter. Tidal Investments LLC now owns 160,721 shares of the bank’s stock valued at $558,000 after purchasing an additional 2,990 shares in the last quarter. Compound Planning Inc. grew its stake in Banco Bradesco by 2.1% in the first quarter. Compound Planning Inc. now owns 158,680 shares of the bank’s stock worth $579,000 after purchasing an additional 3,247 shares in the last quarter. Cetera Investment Advisers increased its holdings in Banco Bradesco by 16.7% in the first quarter. Cetera Investment Advisers now owns 24,543 shares of the bank’s stock valued at $90,000 after buying an additional 3,519 shares during the last quarter. ABN Amro Investment Solutions increased its holdings in Banco Bradesco by 8.5% in the first quarter. ABN Amro Investment Solutions now owns 60,200 shares of the bank’s stock valued at $220,000 after buying an additional 4,700 shares during the last quarter. Finally, Natural Investments LLC raised its stake in Banco Bradesco by 33.2% during the second quarter. Natural Investments LLC now owns 23,570 shares of the bank’s stock valued at $81,000 after buying an additional 5,880 shares in the last quarter.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Through its banking operations, the company serves individuals, businesses, corporate clients and public-sector entities across Brazil.

Bradesco offers a broad range of products and services, including checking and savings accounts, loans, credit cards, mortgages, investment and wealth-management products, payment solutions, foreign-exchange services and investment banking. Its operations also include insurance, pension plans and capitalization products through affiliated businesses.

Founded in 1943 in Marília, São Paulo, Bradesco has developed an extensive distribution network of branches, automated banking facilities and digital channels.