Banco Bradesco (NYSE:BBD) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Banco Bradesco SA (NYSE:BBD)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.55 and traded as high as $3.67. Banco Bradesco shares last traded at $3.5950, with a volume of 33,820,413 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BBD shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. Itau BBA Securities reaffirmed an “outperform” rating on shares of Banco Bradesco in a research report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Banco Bradesco Price Performance

The company has a debt-to-equity ratio of 2.68, a current ratio of 1.45 and a quick ratio of 1.12. The company has a 50-day moving average price of $3.87 and a two-hundred day moving average price of $3.55.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Friday, February 6th. The bank reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%.The business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.68 billion. As a group, equities research analysts predict that Banco Bradesco SA will post 0.37 earnings per share for the current year.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, April 6th will be issued a $0.0037 dividend. The ex-dividend date of this dividend is Monday, April 6th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. Banco Bradesco’s payout ratio is currently 7.69%.

Hedge Funds Weigh In On Banco Bradesco

A number of large investors have recently modified their holdings of BBD. Aquamarine Financial Cayman Ltd increased its holdings in Banco Bradesco by 8.1% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 148,670,798 shares of the bank’s stock worth $517,056,000 after acquiring an additional 11,137,145 shares during the period. Fisher Asset Management LLC boosted its holdings in Banco Bradesco by 0.3% in the 3rd quarter. Fisher Asset Management LLC now owns 88,405,292 shares of the bank’s stock valued at $298,810,000 after purchasing an additional 306,617 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Banco Bradesco by 25.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 82,163,260 shares of the bank’s stock valued at $273,604,000 after purchasing an additional 16,908,425 shares during the period. Orbis Allan Gray Ltd purchased a new position in shares of Banco Bradesco during the 2nd quarter valued at $250,398,000. Finally, Wellington Management Group LLP grew its position in shares of Banco Bradesco by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 77,491,815 shares of the bank’s stock valued at $258,048,000 after purchasing an additional 756,107 shares in the last quarter.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.