Barometer Capital Management Inc. Takes Position in Banco Bradesco SA $BBD

Barometer Capital Management Inc. acquired a new position in shares of Banco Bradesco SA (NYSE:BBD) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 357,600 shares of the bank’s stock, valued at approximately $1,186,000.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Banco Bradesco by 100.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after acquiring an additional 4,353 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in Banco Bradesco during the second quarter worth about $42,000. Osaic Holdings Inc. raised its holdings in shares of Banco Bradesco by 34.7% in the 2nd quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank’s stock worth $52,000 after purchasing an additional 4,355 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Banco Bradesco in the 2nd quarter worth about $54,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of Banco Bradesco in the 2nd quarter valued at about $62,000.

Banco Bradesco Trading Down 0.6%

NYSE:BBD opened at $3.85 on Thursday. The business’s 50-day moving average is $3.85 and its two-hundred day moving average is $3.52. The firm has a market capitalization of $40.92 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.47 and a beta of 0.53. Banco Bradesco SA has a 12 month low of $1.97 and a 12 month high of $4.28. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.45 and a quick ratio of 1.12.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%.The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.68 billion. Research analysts predict that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a $0.0036 dividend. The ex-dividend date is Wednesday, March 4th. This represents a c) dividend on an annualized basis and a yield of 1.1%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is currently 5.13%.

Analyst Ratings Changes

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

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.