SVB Wealth LLC Purchases 3,868 Shares of Banco Bradesco S.A. (NYSE:BBD)

SVB Wealth LLC grew its position in Banco Bradesco S.A. (NYSE:BBD) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,140 shares of the bank’s stock after acquiring an additional 3,868 shares during the period. SVB Wealth LLC’s holdings in Banco Bradesco were worth $133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BBD. Dynamic Advisor Solutions LLC bought a new position in shares of Banco Bradesco in the 3rd quarter valued at about $139,000. Caprock Group LLC grew its position in shares of Banco Bradesco by 9.6% in the 3rd quarter. Caprock Group LLC now owns 85,558 shares of the bank’s stock valued at $244,000 after acquiring an additional 7,506 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of Banco Bradesco in the 3rd quarter valued at about $198,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Banco Bradesco by 9.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 522,098 shares of the bank’s stock valued at $1,488,000 after acquiring an additional 47,239 shares during the period. Finally, Park Avenue Securities LLC bought a new position in shares of Banco Bradesco in the 3rd quarter valued at about $44,000.

Banco Bradesco Stock Performance

Shares of BBD stock opened at $2.66 on Wednesday. Banco Bradesco S.A. has a 52 week low of $2.60 and a 52 week high of $3.68. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of $2.80 and a 200 day simple moving average of $3.04.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 6th will be paid a $0.0036 dividend. This represents a $0.04 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, May 3rd. Banco Bradesco’s dividend payout ratio (DPR) is 14.29%.

Wall Street Analysts Forecast Growth

BBD has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price objective for the company in a research report on Tuesday, February 20th. HSBC downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Jefferies Financial Group downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

Banco Bradesco Profile

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 two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.