Banco Bradesco SA (bbd) Raises Dividend to $0.01 Per Share
Banco Bradesco SA (NYSE:bbd) declared a dividend on Tuesday, September 20th. Investors of record on Thursday, October 6th will be given a dividend of 0.005 per share on Tuesday, November 8th. The ex-dividend date of this dividend is Tuesday, October 4th. This is a positive change from Banco Bradesco SA’s previous dividend of $0.00.
Banco Bradesco SA (NYSE:BBD) opened at 8.68 on Wednesday. The firm has a market cap of $48.02 billion, a price-to-earnings ratio of 9.02 and a beta of 1.99. Banco Bradesco SA has a 12-month low of $3.65 and a 12-month high of $9.46. The company’s 50 day moving average is $8.90 and its 200 day moving average is $7.70.
Banco Bradesco SA (NYSE:BBD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.76. Banco Bradesco SA had a net margin of 11.75% and a return on equity of 18.51%. On average, equities analysts anticipate that Banco Bradesco SA will post ($0.15) earnings per share for the current year.
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A number of equities research analysts recently commented on BBD shares. JPMorgan Chase & Co. downgraded shares of Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Credit Suisse Group AG upgraded shares of Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.91.
Several large investors have recently modified their holdings of BBD. Invictus RG increased its stake in shares of Banco Bradesco SA by 68.5% in the second quarter. Invictus RG now owns 14,093 shares of the company’s stock valued at $110,000 after buying an additional 5,730 shares during the period. Johnson Investment Counsel Inc. raised its position in Banco Bradesco SA by 10.0% in the second quarter. Johnson Investment Counsel Inc. now owns 16,060 shares of the company’s stock valued at $125,000 after buying an additional 1,460 shares in the last quarter. Eagle Global Advisors LLC raised its position in Banco Bradesco SA by 140.8% in the second quarter. Eagle Global Advisors LLC now owns 31,300 shares of the company’s stock valued at $244,000 after buying an additional 18,300 shares in the last quarter. Rhumbline Advisers raised its position in Banco Bradesco SA by 28.5% in the second quarter. Rhumbline Advisers now owns 35,486 shares of the company’s stock valued at $277,000 after buying an additional 7,862 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its position in Banco Bradesco SA by 17.7% in the second quarter. Wetherby Asset Management Inc. now owns 52,420 shares of the company’s stock valued at $409,000 after buying an additional 7,887 shares in the last quarter. Institutional investors and hedge funds own 4.36% of the company’s stock.
About Banco Bradesco SA
Banco Bradesco SA is a multiple service bank. The Company offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid‑sized and small companies, and local and international corporations and institutions. The Company operates and manages its business through two operating segments: the banking segment, and the insurance, pension plans and capitalization bond segment.
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