Banco Bradesco Stock Scheduled to Split on Tuesday, April 19th (NYSE:BBD)

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.

The company also recently announced a dividend, which will be paid on Monday, May 9th. Stockholders of record on Tuesday, April 5th will be paid a $0.0028 dividend. The ex-dividend date of this dividend is Monday, April 4th. This represents a dividend yield of 0.73%. This is a boost from Banco Bradesco’s previous dividend of $0.00. Banco Bradesco’s payout ratio is 7.32%.

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.

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