Farther Finance Advisors LLC Has $30,000 Holdings in Banco Bradesco SA $BBDO

Farther Finance Advisors LLC increased its position in shares of Banco Bradesco SA (NYSE:BBDO) by 5,542.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,172 shares of the bank’s stock after acquiring an additional 10,974 shares during the quarter. Farther Finance Advisors LLC’s holdings in Banco Bradesco were worth $30,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Banco Bradesco by 54.2% during the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock valued at $1,073,000 after acquiring an additional 181,299 shares during the period. Aprio Wealth Management LLC acquired a new stake in shares of Banco Bradesco during the first quarter valued at approximately $43,000. Kathmere Capital Management LLC acquired a new stake in shares of Banco Bradesco during the first quarter valued at approximately $98,000. BSW Wealth Partners raised its holdings in shares of Banco Bradesco by 29.7% during the first quarter. BSW Wealth Partners now owns 30,709 shares of the bank’s stock valued at $64,000 after acquiring an additional 7,027 shares during the period. Finally, D Orazio & Associates Inc. acquired a new stake in shares of Banco Bradesco during the first quarter valued at approximately $26,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Banco Bradesco in a report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Banco Bradesco Stock Performance

Shares of BBDO opened at $2.77 on Wednesday. The company’s fifty day moving average is $2.70 and its 200-day moving average is $2.48. Banco Bradesco SA has a 12 month low of $1.71 and a 12 month high of $3.00. The firm has a market cap of $29.43 billion, a price-to-earnings ratio of 7.90 and a beta of 0.82. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63.

Banco Bradesco (NYSE:BBDO) last announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.10 EPS for the quarter. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%.

Banco Bradesco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.0032 per share. The ex-dividend date is Friday, October 3rd. This represents a c) annualized dividend and a dividend yield of 1.4%. Banco Bradesco’s dividend payout ratio is 8.57%.

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.