The stock of Banco Bradesco S.A. (NYSE:BBD) last traded at $3.11, down -0.64% from the previous session.
Data from the available sources indicates that Banco Bradesco S.A. (NYSE:BBD) is covered by 3 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.10 and a low of $3.50, we find $4.20. Given the previous closing price of $3.13, this indicates a potential upside of 34.19 percent. BBD stock price is now -8.02% away from the 50-day moving average and 6.61% away from the 200-day moving average. The market capitalization of the company currently stands at $33.57B.
In total, 2 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $4.27 as their price target over the next twelve months.
With the price target maintained at $2.70, Goldman recently Downgraded its rating from Buy to Neutral for Banco Bradesco S.A. (NYSE: BBD).
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 UBS ASSET MANAGEMENT AMERICAS INC during the first quarter worth $127,508,000. RENAISSANCE TECHNOLOGIES LLC invested $1,709,000 in shares of BBD during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in Banco Bradesco S.A. valued at approximately $1,004,000. VIRTU FINANCIAL LLC acquired a new stake in BBD for approximately $976,000. CIBC WORLD MARKET INC. purchased a new stake in BBD valued at around $649,000 in the second quarter. In total, there are 352 active investors with 17.70% ownership of the company’s stock.
With an opening price of $3.1800 on Monday morning, Banco Bradesco S.A. (NYSE: BBD) set off the trading day. During the past 12 months, Banco Bradesco S.A. has had a low of $2.30 and a high of $3.90. The fifty day moving average price for BBD is $3.4038 and a two-hundred day moving average price translates $2.9960 for the stock.
The latest earnings results from Banco Bradesco S.A. (NYSE: BBD) was released for Jun, 2023. According to the Banks – Regional Company, earnings per share came in at $0.08, missing analysts’ expectations of $0.09 by -0.01. This compares to $0.11 EPS in the same period last year. The net profit margin was 24.20% and return on equity was 11.60% for BBD. The company reported revenue of $9.24 billion for the quarter, compared to $5.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 67.28 percent. For the current quarter, analysts expect BBD to generate $5.94B in revenue.
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 $0.20 dividend and a 6.37% 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 120.80%.
Banco Bradesco S.A.(BBD) Company Profile
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil.
