Banco Bradesco SA (NYSE:BBD)’s share price dropped 5.3% during trading on Thursday . The company traded as low as $8.23 and last traded at $8.27, with a volume of 13,600,831 shares changing hands. The stock had previously closed at $8.73.

BBD has been the topic of a number of recent research reports. Barclays PLC cut shares of Banco Bradesco SA from an “overweight” rating to an “equal weight” rating in a report on Wednesday, April 27th. Zacks Investment Research raised shares of Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Friday, May 6th. Credit Suisse Group AG raised shares of Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a report on Thursday, July 14th. Scotiabank reaffirmed a “sector underperform” rating on shares of Banco Bradesco SA in a report on Thursday, April 28th. Finally, JPMorgan Chase & Co. cut shares of Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $4.91.

The stock’s 50-day moving average is $7.89 and its 200 day moving average is $6.51. The stock has a market cap of $48.13 billion and a P/E ratio of 8.60.

Banco Bradesco SA (NYSE:BBD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.76. Equities analysts anticipate that Banco Bradesco SA will post $0.84 earnings per share for the current fiscal year.

Several institutional investors have added to or reduced their stakes in BBD. Mizuho Trust & Banking Co. Ltd. boosted its position in Banco Bradesco SA by 27.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,159,149 shares of the company’s stock valued at $5,587,000 after buying an additional 248,873 shares during the period. Morgan Stanley boosted its position in Banco Bradesco SA by 95.7% in the fourth quarter. Morgan Stanley now owns 12,721,880 shares of the company’s stock valued at $61,192,000 after buying an additional 6,221,082 shares during the period. Bank of Montreal Can boosted its position in Banco Bradesco SA by 8.2% in the fourth quarter. Bank of Montreal Can now owns 338,948 shares of the company’s stock valued at $1,630,000 after buying an additional 25,783 shares during the period. Trilogy Global Advisors LP boosted its position in Banco Bradesco SA by 20.0% in the fourth quarter. Trilogy Global Advisors LP now owns 17,152,005 shares of the company’s stock valued at $82,495,000 after buying an additional 2,862,253 shares during the period. Finally, Brandes Investment Partners LP boosted its position in Banco Bradesco SA by 3.6% in the fourth quarter. Brandes Investment Partners LP now owns 257,490 shares of the company’s stock valued at $1,239,000 after buying an additional 8,870 shares during the period.

Banco Bradesco SA is a multiple service bank. The Company 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. The Company operates and manages its business through two operating segments: the banking segment, and the insurance, pension plans and capitalization bond segment.

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