Banco Bradesco (NYSE:BBDO) Hits New 1-Year High – Time to Buy?

Shares of Banco Bradesco SA (NYSE:BBDO) reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $3.77 and last traded at $3.7580, with a volume of 55022 shares traded. The stock had previously closed at $3.61.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Banco Bradesco Price Performance

The stock has a market cap of $39.99 billion, a PE ratio of 9.64 and a beta of 0.58. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.45 and a quick ratio of 1.12. The stock’s fifty day moving average is $3.24 and its 200-day moving average is $2.99.

Banco Bradesco (NYSE:BBDO) last released its quarterly earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter. The business had revenue of $12.03 billion during the quarter. Banco Bradesco had a return on equity of 13.78% and a net margin of 9.85%.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be paid a $0.0033 dividend. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, March 4th. Banco Bradesco’s payout ratio is presently 5.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Intergy Private Wealth LLC acquired a new stake in Banco Bradesco during the 4th quarter worth $30,000. Cetera Investment Advisers purchased a new position in Banco Bradesco during the 4th quarter worth approximately $32,000. Renaissance Technologies LLC acquired a new position in Banco Bradesco during the fourth quarter worth approximately $34,000. Compound Planning Inc. purchased a new stake in Banco Bradesco in the third quarter valued at approximately $35,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Banco Bradesco by 974.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 13,898 shares of the bank’s stock valued at $40,000 after acquiring an additional 12,604 shares during the period.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.