Inspire Investing LLC Raises Position in Banco Bradesco SA $BBD

Inspire Investing LLC raised its holdings in shares of Banco Bradesco SA (NYSE:BBD) by 121.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,919 shares of the bank’s stock after acquiring an additional 13,098 shares during the quarter. Inspire Investing LLC’s holdings in Banco Bradesco were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Samalin Investment Counsel LLC raised its position in shares of Banco Bradesco by 8.8% during the 1st quarter. Samalin Investment Counsel LLC now owns 49,500 shares of the bank’s stock valued at $110,000 after purchasing an additional 4,000 shares during the period. Traveka Wealth LLC increased its holdings in Banco Bradesco by 29.9% in the 1st quarter. Traveka Wealth LLC now owns 21,333 shares of the bank’s stock valued at $48,000 after acquiring an additional 4,910 shares during the last quarter. Inspire Advisors LLC increased its holdings in Banco Bradesco by 14.5% in the 1st quarter. Inspire Advisors LLC now owns 67,833 shares of the bank’s stock valued at $151,000 after acquiring an additional 8,589 shares during the last quarter. PDS Planning Inc increased its holdings in Banco Bradesco by 48.2% in the 1st quarter. PDS Planning Inc now owns 28,765 shares of the bank’s stock valued at $64,000 after acquiring an additional 9,349 shares during the last quarter. Finally, Eagle Bay Advisors LLC increased its holdings in Banco Bradesco by 35.0% in the 1st quarter. Eagle Bay Advisors LLC now owns 37,000 shares of the bank’s stock valued at $85,000 after acquiring an additional 9,600 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating in a report on Wednesday, May 28th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Banco Bradesco has an average rating of “Hold” and a consensus target price of $2.40.

Banco Bradesco Trading Down 1.1%

NYSE:BBD opened at $3.28 on Friday. Banco Bradesco SA has a one year low of $1.84 and a one year high of $3.34. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $34.85 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.45 and a beta of 0.76. The firm has a 50-day simple moving average of $2.97 and a 200-day simple moving average of $2.70.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Wednesday, July 30th. The bank reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $32.70 billion. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%. Equities analysts anticipate that Banco Bradesco SA will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.0035 per share. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, September 3rd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is currently 8.57%.

Banco Bradesco Company 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.