Banco Bradesco SA (BBD) Trading 3% Higher
Banco Bradesco SA (NYSE:BBD) shares traded up 3% on Monday . The stock traded as high as $9.00 and last traded at $8.97, with a volume of 4,696,257 shares changing hands. The stock had previously closed at $8.71.
Several research analysts have weighed in on the stock. 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. JPMorgan Chase & Co. cut shares of Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 6th. Goldman Sachs Group Inc. increased their price target on shares of Banco Bradesco SA from $1.26 to $1.82 and gave the company a “neutral” rating in a report on Monday, May 2nd. Finally, Zacks Investment Research raised shares of Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Friday, May 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $4.91.
The stock has a 50-day moving average price of $8.80 and a 200 day moving average price of $7.27. The firm has a market cap of $49.62 billion and a PE ratio of 9.11.
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 analysts’ consensus estimates of $0.21 by $0.76. Equities research analysts expect that Banco Bradesco SA will post $0.86 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Tuesday, October 11th. Investors 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 yield of 0.67%. The ex-dividend date is Friday, September 2nd. This is an increase from Banco Bradesco SA’s previous monthly dividend of $0.00.
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.