The price of Banco Bradesco S.A. ADR (NYSE:BBD) shares last traded on Wall Street unchanged to $2.83.
Based on available information, 2 analysts follow Banco Bradesco S.A. ADR (NYSE:BBD). The consensus rating among analysts is ‘Buy’. 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 $4.30. Given the previous closing price of $2.83, this indicates a potential upside of 51.94 percent. BBD stock price is now -3.77% away from the 50-day moving average and -3.39% away from the 200-day moving average. The market capitalization of the company currently stands at $15.03B.
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Among analysts, 0 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $4.30 as their price target over the next twelve months.
With the price target of $3.50, Jefferies recently initiated with Buy rating for Banco Bradesco S.A. ADR (NYSE: BBD).
A total of 0.00% 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. ADR shares was purchased by GEMSSTOCK LTD. during the first quarter worth $11,324,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $5,888,000 in shares of BBD during the first quarter. In the first quarter, RHUMBLINE ADVISERS acquired a new stake in Banco Bradesco S.A. ADR valued at approximately $2,323,000. BTG PACTUAL GLOBAL ASSET MANAGEMENT LTD acquired a new stake in BBD for approximately $1,400,000. VIRTU FINANCIAL LLC purchased a new stake in BBD valued at around $888,000 in the second quarter. In total, there are 352 active investors with 17.36% ownership of the company’s stock.
A candlestick chart of Banco Bradesco S.A. ADR (NYSE: BBD) showed a price of $2.8400 on Monday morning. During the past 12 months, Banco Bradesco S.A. ADR has had a low of $2.29 and a high of $3.78. The fifty day moving average price for BBD is $2.9396 and a two-hundred day moving average price translates $2.9674 for the stock.
The latest earnings results from Banco Bradesco S.A. ADR (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 $0.13 EPS in the same period last year. The net profit margin was 5.01% and return on equity was 9.77% for BBD. For the current quarter, analysts expect BBD to generate $6.26B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/11/2023. Investors who held shares on 11/03/2023 were paid a $0.003761 dividend. On an annualized basis, this represents a $0.19 dividend and a 6.69% percent yield. There was an ex-dividend date of 11/02/2023 for this dividend. In terms of dividend payout ratio, BBD is presently at 8.45%.
