Banco Bradesco (NYSE:BBD) Sets New 12-Month High – Should You Buy?

Banco Bradesco SA (NYSE:BBD)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.30 and last traded at $4.2750, with a volume of 3660278 shares. The stock had previously closed at $4.15.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Itau BBA Securities reissued an “outperform” rating on shares of Banco Bradesco in a research report on Friday, February 27th. Weiss Ratings raised Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Banco Bradesco Trading Up 1.6%

The stock has a market capitalization of $44.67 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 0.51 and a beta of 0.55. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50-day moving average of $3.85 and a 200-day moving average of $3.62.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Thursday, February 5th. The bank reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%. As a group, research analysts forecast that Banco Bradesco SA will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 6th will be given a $0.0037 dividend. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. Banco Bradesco’s payout ratio is currently 110.26%.

Institutional Trading of Banco Bradesco

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund raised its stake in Banco Bradesco by 14.6% during the 3rd quarter. New York State Common Retirement Fund now owns 7,526,379 shares of the bank’s stock valued at $25,439,000 after acquiring an additional 957,203 shares during the last quarter. Barometer Capital Management Inc. purchased a new stake in Banco Bradesco during the 3rd quarter valued at approximately $1,186,000. Perpetual Ltd raised its stake in Banco Bradesco by 67.5% during the 3rd quarter. Perpetual Ltd now owns 3,900,023 shares of the bank’s stock valued at $13,182,000 after acquiring an additional 1,571,561 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Banco Bradesco during the 3rd quarter valued at approximately $12,728,000. Finally, Aquatic Capital Management LLC raised its stake in Banco Bradesco by 193.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 2,212,761 shares of the bank’s stock valued at $7,479,000 after acquiring an additional 1,458,889 shares during 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.