Banco Bradesco S.A. (NYSE:BBD – Get Rating) shares are set to split on the morning of Tuesday, April 19th. The 11-10 split was announced on Tuesday, April 19th. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, April 19th.
Shares of NYSE:BBD opened at $4.50 on Friday. The company has a market cap of $43.74 billion, a P/E ratio of 10.98, a P/E/G ratio of 0.49 and a beta of 0.87. The stock’s 50-day moving average is $4.23 and its 200-day moving average is $3.88. Banco Bradesco has a 52-week low of $3.25 and a 52-week high of $5.70. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.46 and a current ratio of 0.64.
Banco Bradesco (NYSE:BBD – Get Rating) last released its earnings results on Tuesday, February 8th. The bank reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The business had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Banco Bradesco had a net margin of 21.20% and a return on equity of 17.91%. As a group, equities analysts predict that Banco Bradesco will post 0.54 EPS for the current year.
A number of analysts recently weighed in on BBD shares. Zacks Investment Research raised shares of Banco Bradesco from a “sell” rating to a “hold” rating in a report on Monday, January 24th. Barclays began coverage on shares of Banco Bradesco in a report on Monday, January 24th. They issued an “overweight” rating and a $5.00 price target for the company.
Several institutional investors have recently added to or reduced their stakes in BBD. 44 Wealth Management LLC acquired a new position in Banco Bradesco in the 4th quarter valued at about $35,000. Clarus Group Inc. bought a new stake in shares of Banco Bradesco during the 4th quarter worth approximately $35,000. Creative Planning bought a new stake in shares of Banco Bradesco during the 3rd quarter worth approximately $40,000. Tudor Investment Corp Et Al bought a new stake in shares of Banco Bradesco during the 3rd quarter worth approximately $40,000. Finally, Dubuque Bank & Trust Co. bought a new position in Banco Bradesco in the 4th quarter valued at approximately $40,000. Institutional investors own 2.51% of the company’s stock.
Banco Bradesco Company Profile (Get Rating)
Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through Banking and Insurance segments. It provides demand, time, and savings deposits; mutual funds; a range of loans and advances, including overdrafts, credit cards, and loans with repayments in installments; and fund management and treasury, foreign exchange, corporate finance and investment banking, and hedge and working capital financing services.
- Get a free copy of the StockNews.com research report on Banco Bradesco (BBD)
- Lululemon Rises On Wave Of Price Target Increases
- The Top Is In For Infosys
- 3 Stellar Steel Stocks to Buy Now
- Is Nvidia (NASDAQ: NVDA) About To Rip Higher?
- Bed Bath & Beyond Uncovers The Problem With Q1 Earnings Season
Receive News & Ratings for Banco Bradesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco and related companies with MarketBeat.com's FREE daily email newsletter.