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

Banco Bradesco SA (NYSE:BBD)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $4.18 and last traded at $4.1450, with a volume of 61527537 shares. The stock had previously closed at $3.97.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2.00.

Banco Bradesco Stock Performance

The stock has a fifty day simple moving average of $3.52 and a two-hundred day simple moving average of $3.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $44.27 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 0.39 and a beta of 0.54.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $34.75 billion. Banco Bradesco had a return on equity of 12.95% and a net margin of 9.61%. Analysts forecast that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 9th. Stockholders of record on Wednesday, February 4th will be issued a dividend of $0.0035 per share. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, February 4th. Banco Bradesco’s dividend payout ratio (DPR) is currently 8.57%.

Institutional Trading of Banco Bradesco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBD. M&T Bank Corp bought a new position in Banco Bradesco in the fourth quarter worth approximately $234,000. Aprio Wealth Management LLC increased its holdings in shares of Banco Bradesco by 26.5% during the fourth quarter. Aprio Wealth Management LLC now owns 26,979 shares of the bank’s stock valued at $90,000 after acquiring an additional 5,650 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of Banco Bradesco during the fourth quarter worth approximately $1,267,000. Aquamarine Financial Cayman Ltd raised its position in shares of Banco Bradesco by 8.1% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 148,670,798 shares of the bank’s stock worth $517,056,000 after purchasing an additional 11,137,145 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Banco Bradesco by 24.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 372,588 shares of the bank’s stock worth $1,241,000 after purchasing an additional 74,373 shares in the last quarter.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.