Shares of Banco Bradesco SA (NYSE:BBD) hit a new 52-week high during trading on Thursday . The company traded as high as $11.09 and last traded at $11.09, with a volume of 6,720,218 shares changing hands. The stock had previously closed at $11.04.

A number of analysts have commented on BBD shares. Scotiabank raised shares of Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 28th. BidaskClub raised shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Finally, ValuEngine raised shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.65.

The firm has a 50-day moving average price of $10.10 and a 200 day moving average price of $9.33. The company has a market capitalization of $67.30 billion, a PE ratio of 12.13 and a beta of 1.75.

The firm also recently announced a special dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 7th will be issued a dividend of $0.006 per share. This is a positive change from Banco Bradesco SA’s previous special dividend of $0.01. The ex-dividend date is Wednesday, September 6th. This represents a dividend yield of 0.65%. Banco Bradesco SA’s dividend payout ratio is presently 7.86%.

Institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp purchased a new stake in shares of Banco Bradesco SA during the first quarter worth $109,000. Ronald Blue & Co. LLC boosted its position in shares of Banco Bradesco SA by 4.4% during the 1st quarter. Ronald Blue & Co. LLC now owns 10,961 shares of the bank’s stock valued at $112,000 after acquiring an additional 466 shares during the last quarter. US Bancorp DE boosted its position in shares of Banco Bradesco SA by 4.4% during the 1st quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock valued at $113,000 after acquiring an additional 468 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Banco Bradesco SA during the 1st quarter valued at about $114,000. Finally, ZWJ Investment Counsel Inc. boosted its position in shares of Banco Bradesco SA by 1.4% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank’s stock valued at $133,000 after acquiring an additional 217 shares during the last quarter. 2.65% of the stock is owned by institutional investors and hedge funds.

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About Banco Bradesco SA

Banco Bradesco SA is a commercial bank. The Bank 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. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

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