Crossmark Global Holdings Inc. Buys 5,861 Shares of Banco Bradesco S.A. (NYSE:BBD)

Crossmark Global Holdings Inc. raised its stake in Banco Bradesco S.A. (NYSE:BBDFree Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 321,042 shares of the bank’s stock after purchasing an additional 5,861 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Banco Bradesco were worth $1,123,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Causeway Capital Management LLC grew its stake in Banco Bradesco by 43.4% in the third quarter. Causeway Capital Management LLC now owns 64,072,052 shares of the bank’s stock worth $182,605,000 after purchasing an additional 19,404,902 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Banco Bradesco by 51.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 32,204,249 shares of the bank’s stock worth $112,715,000 after purchasing an additional 10,885,211 shares during the period. Oaktree Capital Management LP boosted its holdings in Banco Bradesco by 3.0% in the third quarter. Oaktree Capital Management LP now owns 31,742,126 shares of the bank’s stock worth $90,465,000 after acquiring an additional 926,807 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Banco Bradesco by 2.0% in the fourth quarter. Russell Investments Group Ltd. now owns 24,275,443 shares of the bank’s stock worth $84,964,000 after acquiring an additional 476,197 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Banco Bradesco by 4.5% in the third quarter. Sei Investments Co. now owns 19,673,306 shares of the bank’s stock worth $56,069,000 after acquiring an additional 853,516 shares in the last quarter.

Banco Bradesco Stock Down 2.0 %

Shares of NYSE:BBD opened at $2.45 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.54. Banco Bradesco S.A. has a 1 year low of $2.40 and a 1 year high of $3.68. The stock’s fifty day moving average price is $2.65 and its 200-day moving average price is $2.95.

Banco Bradesco (NYSE:BBDGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The bank reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $9.64 billion for the quarter. Banco Bradesco had a return on equity of 9.55% and a net margin of 6.70%. As a group, research analysts anticipate that Banco Bradesco S.A. will post 0.34 earnings per share for the current year.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Wednesday, June 5th will be issued a $0.0037 dividend. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, June 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.80%. Banco Bradesco’s dividend payout ratio is currently 13.04%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 target price on the stock in a report on Tuesday, February 20th.

Get Our Latest Research Report on BBD

Banco Bradesco Profile

(Free Report)

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.

See Also

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

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