Banco Bradesco SA (BBD) Sees Unusually-High Trading Volume
Shares of Banco Bradesco SA (NYSE:BBD) saw an uptick in trading volume on Thursday . 22,119,300 shares changed hands during trading, an increase of 101% from the previous session’s volume of 10,984,952 shares.The stock last traded at $8.79 and had previously closed at $8.92.
A number of brokerages recently weighed in on BBD. Zacks Investment Research upgraded shares of Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Friday, May 6th. JPMorgan Chase & Co. lowered shares of Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Finally, Credit Suisse Group AG upgraded shares of Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 14th. 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 stock. Banco Bradesco SA presently has an average rating of “Hold” and a consensus price target of $4.91.
The stock has a market cap of $48.63 billion and a price-to-earnings ratio of 8.92. The firm’s 50 day moving average is $8.87 and its 200 day moving average is $7.32.
Banco Bradesco SA (NYSE:BBD) last posted its earnings results on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.76. On average, analysts expect that Banco Bradesco SA will post $0.86 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Wednesday, September 7th will be issued a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.68%. This is a boost from Banco Bradesco SA’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Friday, September 2nd.
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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