In yesterday’s Wall Street session, Banco Bradesco S.A. (NYSE:BBD) shares traded at $2.79, down -0.71% from the previous session.
3 analysts cover Banco Bradesco S.A. (NYSE:BBD), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.20 and a low of $3.50, we find $4.35. Given the previous closing price of $2.81, this indicates a potential upside of 54.8 percent. BBD stock price is now -24.14% away from the 50-day moving average and -24.22% away from the 200-day moving average. The market capitalization of the company currently stands at $27.08B.
The stock has received a hold rating from 2 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $4.35 as their price target over the next twelve months.
With the price target reduced from $5 to $3.50, Barclays Downgraded its rating from Overweight to Equal Weight for Banco Bradesco S.A. (NYSE: BBD)., while ‘JP Morgan’ rates the stock as ‘Neutral’.
A total of 35.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BBD stock. A new stake in Banco Bradesco S.A. shares was purchased by NINETY ONE UK LTD during the first quarter worth $60,393,000. NINETY ONE NORTH AMERICA, INC. invested $21,589,000 in shares of BBD during the first quarter. In the first quarter, BW GESTAO DE INVESTIMENTOS LTDA. acquired a new stake in Banco Bradesco S.A. valued at approximately $11,414,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in BBD for approximately $5,942,000. SLATE PATH CAPITAL LP purchased a new stake in BBD valued at around $5,733,000 in the second quarter.
On Wednesday morning Banco Bradesco S.A. (NYSE: BBD) stock kicked off with the opening price of $2.8100. During the past 12 months, Banco Bradesco S.A. has had a low of $2.72 and a high of $4.30.
The net profit margin was 30.70% and return on equity was 15.00% for BBD.
Moreover, the firm recently paid out its quarterly dividend on 04/08/2022. Investors who held shares on 03/04/2022 were paid a $0.003994 dividend. On an annualized basis, this represents a $0.12 dividend and a 4.37% percent yield. There was an ex-dividend date of 03/03/2022 for this dividend. In terms of dividend payout ratio, BBD is presently at 118.80%.