Published: Mon, June 05, 2017
Markets | By Noel Gibbs

Under Analysts Radar: Banco Bradesco Sa (NYSE:BBD)


Gladstone Capital Management LLP's holdings in Banco Bradesco SA were worth $971,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company.

The company declined -1.4% and closed its last trading session at $8.6. Comerica Bank boosted its stake in shares of Banco Bradesco SA by 12.5% in the fourth quarter. US Bancorp DE now owns 10,993 shares of the bank's stock valued at $113,000 after buying an additional 468 shares in the last quarter.

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Numeric Investors Llc increased Banco Bradesco S A (BBD) stake by 49.77% reported in 2016Q4 SEC filing. Alpha One also gave media coverage about the bank an impact score of 67 out of 100, indicating that recent press coverage is likely to have an impact on the stock's share price in the next few days. First Trust Advisors LP increased its stake in shares of Banco Bradesco SA by 35.9% in the third quarter. AQR Capital Management LLC boosted its stake in shares of Banco Bradesco SA by 26.7% in the fourth quarter. BlackRock Fund Advisors now owns 7,053,586 shares of the bank's stock valued at $63,976,000 after buying an additional 983,333 shares during the period. (NYSE:BBD) shareholders before Jun 2, 2017 will receive the $0.01 dividend. About shares traded. Banco Bradesco SA (ADR) (NYSE:BBD) has risen 43.32% since June 1, 2016 and is uptrending. Charlemagne Capital Ltd. now owns 1,576,225 shares of the bank's stock valued at $13,705,000 after buying an additional 68,500 shares during the last quarter. Banco Bradesco SA has a 1-year low of $5.77 and a 1-year high of $10.37. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -9% where SMA50 and SMA200 are -8.71% and -2.13% respectively. The firm has a market cap of $50.32 billion, a PE ratio of 9.49 and a beta of 1.67. The stock of Banco Bradesco SA (ADR) (NYSE:BBD) has "Buy" rating given on Monday, October 12 by Deutsche Bank. The bank reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. The company had revenue of $13.25 billion during the quarter. Analysts forecast that Banco Bradesco SA will post $0.95 earnings per share for the current year. Stockholders of record on Thursday, July 6th will be paid a $0.006 dividend. Guggenheim upgraded Popular Inc (NASDAQ:BPOP) on Monday, July 27 to "Buy" rating.

On 2/8/2017 Banco Bradesco SA announced a special dividend of $0.01 with an ex dividend date of 5/3/2017 which will be payable on 6/8/2017. Banco Bradesco SA's payout ratio is 7.60%.

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BBD has been the topic of several research reports.

Among 10 analysts covering Sonoco Products Company (NYSE:SON), 1 have Buy rating, 4 Sell and 5 Hold. Scotiabank raised shares of Banco Bradesco SA from an "underperform" rating to a "sector perform" rating in a research note on Tuesday, April 11th.

11/30/2016-Citigroup Inc Reiterated Rating of Buy. The company is set at a mean analysts' recommendation of 2.90. The average 12 month price objective among brokerages that have issued ratings on the stock in the past year is $9.30.

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Taking a broader look brokerage firms' analysts on the street with an expectant view have Banco Bradesco Sa (NYSE:BBD) high price target of $10.5 and with a conservative view have low price target of $2.89. The Bank offers a range of banking and financial services and products in Brazil and overseas to individuals, large, mid-sized and small companies, and local and global firms and institutions.

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