Banco Bradesco (NYSE:BBD) posted its earnings results on Thursday. The bank reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03, Morningstar.com reports. Banco Bradesco had a return on equity of 17.71% and a net margin of 9.17%. The business had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $8.20 billion.
Shares of Banco Bradesco (BBD) traded down $0.56 during mid-day trading on Friday, reaching $11.85. The company had a trading volume of 15,692,096 shares, compared to its average volume of 9,535,569. The firm has a market cap of $73,410.00, a PE ratio of 12.74, a PEG ratio of 1.12 and a beta of 1.89. Banco Bradesco has a 1 year low of $7.83 and a 1 year high of $13.18.
The business also recently declared a special dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 5th will be given a $0.005 dividend. This represents a yield of 0.000438212094653812%. The ex-dividend date of this dividend is Friday, February 2nd. Banco Bradesco’s dividend payout ratio (DPR) is presently 26.88%.
Hedge funds have recently modified their holdings of the stock. Cutler Investment Counsel LLC acquired a new position in Banco Bradesco in the 3rd quarter valued at about $131,000. Empirical Finance LLC acquired a new position in Banco Bradesco in the 3rd quarter valued at about $144,000. Quantitative Systematic Strategies LLC acquired a new position in Banco Bradesco in the 4th quarter valued at about $151,000. Advisor Partners LLC acquired a new position in Banco Bradesco in the 4th quarter valued at about $161,000. Finally, Fox Run Management L.L.C. acquired a new position in Banco Bradesco in the 3rd quarter valued at about $183,000. Hedge funds and other institutional investors own 2.70% of the company’s stock.
Banco Bradesco Company Profile
Banco Bradesco SA is a commercial bank. The Bank 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. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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