Banco Bradesco SA (NYSE:BBD)’s share price was down 1.2% on Tuesday . The stock traded as low as $8.75 and last traded at $8.77, with a volume of 7,983,247 shares changing hands. The stock had previously closed at $8.88.

Several equities analysts have weighed in on BBD shares. Zacks Investment Research raised Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Friday, May 6th. Barclays PLC cut Banco Bradesco SA from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 27th. Goldman Sachs Group Inc. lifted their target price on Banco Bradesco SA from $1.26 to $1.82 and gave the company a “neutral” rating in a research note on Monday, May 2nd. JPMorgan Chase & Co. cut Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research note on Wednesday, July 6th. Finally, Credit Suisse Group AG raised Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a research note on Thursday, July 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $4.91.

The stock has a market capitalization of $48.07 billion and a price-to-earnings ratio of 8.70. The company’s 50 day moving average is $8.69 and its 200 day moving average is $7.14.

Banco Bradesco SA (NYSE:BBD) last released 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. Equities analysts expect that Banco Bradesco SA will post $0.86 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Wednesday, September 7th will be paid a $0.005 dividend. This represents a $0.06 annualized dividend and a yield of 0.69%. 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.

An institutional investor recently raised its position in Banco Bradesco SA stock. BNP Paribas Arbitrage SA increased its stake in shares of Banco Bradesco SA (NYSE:BBD) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,789,868 shares of the company’s stock after buying an additional 1,084,028 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.14% of Banco Bradesco SA worth $32,659,000 at the end of the most recent reporting 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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