Banco Bradesco (NYSE:BBDO) Issues Earnings Results

Banco Bradesco (NYSE:BBDO) issued its quarterly earnings results on Thursday. The bank reported $0.12 EPS for the quarter, Zacks reports. The company had revenue of $7.75 billion for the quarter. Banco Bradesco had a return on equity of 15.51% and a net margin of 12.58%.

Banco Bradesco Trading Up 1.5%

Shares of NYSE:BBDO traded up $0.06 during midday trading on Friday, hitting $3.67. 152,542 shares of the stock were exchanged, compared to its average volume of 88,963. The business’s 50-day moving average price is $3.31 and its 200 day moving average price is $3.24. 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 has a 12 month low of $2.82 and a 12 month high of $4.16. The stock has a market capitalization of $38.84 billion, a price-to-earnings ratio of 7.97 and a beta of 0.48.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 11th. Stockholders of record on Thursday, November 5th will be issued a dividend of $0.0035 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.0034. The ex-dividend date is Thursday, November 5th. Banco Bradesco’s dividend payout ratio (DPR) is currently 4.35%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Banco Bradesco presently has an average rating of “Buy”.

Banco Bradesco Company Profile

Banco Bradesco SA is a Brazilian financial services company headquartered in Osasco, São Paulo. Founded in 1943 in Marília, São Paulo, by Amador Aguiar, Bradesco developed from a regional bank into one of Brazil’s largest private-sector banking groups.

The company provides a broad range of financial products and services to individuals, businesses and institutional customers. Its activities include deposit accounts, consumer and commercial lending, credit and debit cards, payment services, investment banking, asset management, brokerage and wealth management.