500,000 Shares in Banco Bradesco SA $BBD Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise purchased a new position in Banco Bradesco SA (NYSE:BBD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 500,000 shares of the bank’s stock, valued at approximately $1,825,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Banco Bradesco by 281.2% in the 1st quarter. SG Americas Securities LLC now owns 90,511 shares of the bank’s stock valued at $330,000 after purchasing an additional 66,769 shares during the period. J. Derek Lewis & Associates Inc. purchased a new position in shares of Banco Bradesco in the fourth quarter worth approximately $286,000. Hsbc Holdings PLC increased its position in shares of Banco Bradesco by 7.6% in the fourth quarter. Hsbc Holdings PLC now owns 2,869,657 shares of the bank’s stock worth $9,556,000 after acquiring an additional 202,609 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of Banco Bradesco by 32.4% during the fourth quarter. Rehmann Capital Advisory Group now owns 70,330 shares of the bank’s stock valued at $234,000 after acquiring an additional 17,198 shares during the period. Finally, Alpine Global Management LLC acquired a new stake in shares of Banco Bradesco during the fourth quarter valued at approximately $8,991,000.

Banco Bradesco Stock Performance

NYSE:BBD opened at $3.46 on Friday. The firm has a market capitalization of $36.61 billion, a PE ratio of 8.86, a PEG ratio of 0.41 and a beta of 0.53. Banco Bradesco SA has a 1 year low of $2.73 and a 1 year high of $4.30. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. The firm’s fifty day simple moving average is $3.61 and its 200 day simple moving average is $3.68.

Banco Bradesco (NYSE:BBD) last released its earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. The firm had revenue of $1.50 billion during the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. On average, sell-side analysts anticipate that Banco Bradesco SA will post 0.5 EPS for the current year.

Banco Bradesco Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, February 8th. Investors of record on Tuesday, July 7th will be paid a dividend of $0.067 per share. The ex-dividend date is Tuesday, July 7th. This represents a yield of 391.0%. Banco Bradesco’s dividend payout ratio is presently 7.69%.

Analysts Set New Price Targets

BBD has been the topic of several recent analyst reports. Weiss Ratings raised shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Itau BBA Securities reaffirmed an “outperform” rating on shares of Banco Bradesco in a research report on Friday, February 27th. Two investment 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 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.