Boothbay Fund Management LLC Purchases New Position in Banco Bradesco S.A. (NYSE:BBD)

Boothbay Fund Management LLC purchased a new stake in Banco Bradesco S.A. (NYSE:BBD – Get Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 13,200 shares of the bank’s stock, valued at approximately $49,000.

A number of other institutional investors have also recently made changes to their positions in the business. Greenleaf Trust purchased a new stake in Banco Bradesco in the 2nd quarter worth about $33,000. Axxcess Wealth Management LLC purchased a new stake in Banco Bradesco in the 2nd quarter worth about $34,000. Ieq Capital LLC purchased a new stake in Banco Bradesco in the 3rd quarter worth about $43,000. TIAA FSB purchased a new position in shares of Banco Bradesco during the second quarter worth approximately $46,000. Finally, Hamilton Capital LLC purchased a new position in shares of Banco Bradesco during the third quarter worth approximately $47,000. Institutional investors own 2.36% of the company’s stock.

Banco Bradesco Trading Up 1.9 %

NYSE:BBD opened at $2.65 on Wednesday. Banco Bradesco S.A. has a 12 month low of $2.43 and a 12 month high of $4.32. The firm has a fifty day simple moving average of $2.72 and a 200-day simple moving average of $3.16. The company has a market capitalization of $28.24 billion, a P/E ratio of 7.36, a PEG ratio of 0.73 and a beta of 0.71.

Banco Bradesco Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 12th. Stockholders of record on Wednesday, April 5th will be paid a dividend of $0.0036 per share. The ex-dividend date of this dividend is Tuesday, April 4th. This represents a $0.04 annualized dividend and a dividend yield of 1.65%. Banco Bradesco’s payout ratio is currently 8.33%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Itaú Unibanco raised shares of Banco Bradesco to an “outperform” rating and set a $21.00 target price on the stock in a research report on Wednesday, November 9th. JPMorgan Chase & Co. raised shares of Banco Bradesco from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 17th. The Goldman Sachs Group lowered shares of Banco Bradesco from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $3.70 to $2.70 in a research report on Thursday, February 16th. Barclays lowered shares of Banco Bradesco from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $5.00 to $3.50 in a research report on Tuesday, November 15th. Finally, Citigroup lowered shares of Banco Bradesco from a “buy” rating to a “neutral” rating in a report on Wednesday, November 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Banco Bradesco presently has a consensus rating of “Hold” and a consensus target price of $12.05.

Banco Bradesco Profile

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Banco Bradesco SA engages in the provision of financial and insurance services. It operates through Banking, and Insurance segments. The Banking segment includes banking activities. The Insurance segment covers auto, health, life, accident and property insurance, and pension plans aw well as capitalization bonds.