Banco Bradesco SA (BBD) Sees Large Volume Increase
Banco Bradesco SA (NYSE:BBD) shares saw unusually-high trading volume on Thursday . Approximately 22,119,300 shares traded hands during mid-day 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.
BBD has been the subject of a number of research analyst reports. Credit Suisse Group AG upgraded Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 14th. Zacks Investment Research upgraded 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. Finally, JPMorgan Chase & Co. downgraded Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.91.
The stock’s 50-day moving average is $8.88 and its 200-day moving average is $7.34. The company has a market cap of $50.17 billion and a P/E ratio of 9.17.
Banco Bradesco SA (NYSE:BBD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.76. Equities analysts forecast that Banco Bradesco SA will post $0.86 EPS for the current fiscal year.
The company also recently disclosed 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 0.66%. This is a boost from Banco Bradesco SA’s previous monthly dividend of $0.00. The ex-dividend date 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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