Banco Bradesco (NYSE:BBDO) Reaches New 52-Week High – Should You Buy?

Banco Bradesco SA (NYSE:BBDO)’s stock price hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $3.77 and last traded at $3.7580, with a volume of 55022 shares changing hands. The stock had previously closed at $3.61.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Banco Bradesco presently has a consensus rating of “Buy”.

Banco Bradesco Trading Up 4.1%

The firm has a fifty day moving average price of $3.24 and a two-hundred day moving average price of $3.00. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.45.

Banco Bradesco (NYSE:BBDO) last issued its quarterly earnings data on Friday, February 6th. The bank reported $0.11 EPS for the quarter. The company had revenue of $12.03 billion during the quarter. Banco Bradesco had a return on equity of 13.78% and a net margin of 9.85%.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.0033 per share. The ex-dividend date is Wednesday, March 4th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is presently 5.13%.

Institutional Trading of Banco Bradesco

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in 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 buying an additional 181,299 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Banco Bradesco during the 2nd quarter valued at $51,000. D Orazio & Associates Inc. increased its stake in shares of Banco Bradesco by 432.0% in the 2nd quarter. D Orazio & Associates Inc. now owns 66,606 shares of the bank’s stock worth $182,000 after purchasing an additional 54,085 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Banco Bradesco in the 3rd quarter worth $72,000. Finally, Caprock Group LLC purchased a new position in Banco Bradesco during the third quarter valued at $410,000.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.