Banco Bradesco SA (NYSE:BBD) is Earnest Partners LLC’s 8th Largest Position

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Earnest Partners LLC grew its stake in shares of Banco Bradesco SA (NYSE:BBD) by 17.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,400,467 shares of the bank’s stock after purchasing an additional 2,410,188 shares during the quarter. Banco Bradesco makes up approximately 1.5% of Earnest Partners LLC’s portfolio, making the stock its 8th biggest position. Earnest Partners LLC owned 0.17% of Banco Bradesco worth $161,053,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC bought a new stake in Banco Bradesco in the first quarter valued at approximately $34,000. Parallel Advisors LLC lifted its position in shares of Banco Bradesco by 293.1% during the 1st quarter. Parallel Advisors LLC now owns 3,286 shares of the bank’s stock valued at $36,000 after buying an additional 2,450 shares in the last quarter. Virtus ETF Advisers LLC purchased a new position in shares of Banco Bradesco during the 2nd quarter valued at about $36,000. Exane Derivatives purchased a new position in shares of Banco Bradesco during the 2nd quarter valued at about $43,000. Finally, Lindbrook Capital LLC lifted its position in shares of Banco Bradesco by 28.1% during the 2nd quarter. Lindbrook Capital LLC now owns 6,348 shares of the bank’s stock valued at $62,000 after buying an additional 1,393 shares in the last quarter. 2.46% of the stock is owned by hedge funds and other institutional investors.

NYSE BBD opened at $8.33 on Friday. The company has a market cap of $80.29 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.62 and a beta of 0.90. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.15. The business’s 50 day moving average price is $8.47 and its 200-day moving average price is $9.46. Banco Bradesco SA has a fifty-two week low of $5.41 and a fifty-two week high of $10.55.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Friday, July 26th. The bank reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Banco Bradesco had a return on equity of 19.01% and a net margin of 16.16%. As a group, equities analysts predict that Banco Bradesco SA will post 0.79 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 8th. Investors of record on Wednesday, September 4th will be paid a dividend of $0.004 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, September 3rd. Banco Bradesco’s dividend payout ratio (DPR) is currently 5.63%.

A number of research analysts have recently weighed in on BBD shares. ValuEngine cut Banco Bradesco from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 5th. Goldman Sachs Group assumed coverage on Banco Bradesco in a research note on Monday, June 10th. They issued a “sell” rating and a $9.58 price objective on the stock. Morgan Stanley raised Banco Bradesco from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research raised Banco Bradesco from a “sell” rating to a “hold” rating in a research note on Thursday. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.29.

Banco Bradesco 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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Institutional Ownership by Quarter for Banco Bradesco (NYSE:BBD)

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