Banco Bradesco S.A. (NYSE:BBD) Plans Dividend of $0.00
Banco Bradesco S.A. (NYSE:BBD – Get Free Report) announced a dividend on Friday, December 15th, NASDAQ reports. Shareholders of record on Thursday, January 4th will be given a dividend of 0.0038 per share by the bank on Monday, February 12th. The ex-dividend date is Wednesday, January 3rd. This is an increase from Banco Bradesco’s previous dividend of $0.003.
Banco Bradesco Trading Up 0.6 %
Shares of NYSE:BBD traded up $0.02 during midday trading on Friday, hitting $3.55. The company had a trading volume of 13,148,349 shares, compared to its average volume of 24,604,443. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. Banco Bradesco has a 12 month low of $2.34 and a 12 month high of $3.68. The firm has a fifty day simple moving average of $3.10 and a 200 day simple moving average of $3.17. The stock has a market cap of $37.84 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 0.69 and a beta of 0.98.
Banco Bradesco (NYSE:BBD – Get Free Report) last released its earnings results on Thursday, November 9th. The bank reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $10.65 billion during the quarter, compared to analyst estimates of $6.27 billion. Banco Bradesco had a net margin of 6.38% and a return on equity of 9.06%. On average, analysts predict that Banco Bradesco will post 0.36 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Natixis acquired a new position in shares of Banco Bradesco during the 4th quarter worth approximately $26,000. CI Private Wealth LLC bought a new stake in Banco Bradesco during the fourth quarter worth $32,000. Prudential Financial Inc. acquired a new stake in Banco Bradesco in the first quarter valued at $57,000. Mercer Global Advisors Inc. ADV grew its position in shares of Banco Bradesco by 35.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 14,768 shares of the bank’s stock valued at $54,000 after acquiring an additional 3,849 shares during the period. Finally, Creative Planning grew its position in shares of Banco Bradesco by 27.6% in the 2nd quarter. Creative Planning now owns 15,319 shares of the bank’s stock valued at $50,000 after acquiring an additional 3,312 shares during the period. Institutional investors and hedge funds own 1.84% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group began coverage on shares of Banco Bradesco in a research report on Monday, October 16th. They issued a “buy” rating and a $3.50 price objective for the company.
Read Our Latest Research Report on BBD
About Banco Bradesco (Get Free Report)
Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.
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Original: MarketBeat News Feed: Banco Bradesco S.A. (NYSE:BBD) Plans Dividend of $0.00