Banco Bradesco SA (NYSE:BBD) Shares Bought by Eqis Capital Management Inc

Ruben Hill
August 13, 2017

Among 6 analysts covering Banco Bradesco SA (NYSE:BBD), 2 have Buy rating, 1 Sell and 3 Hold.

Previously Banco Bradesco Sa (NYSE:BBD) reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Zacks Investment Research upgraded Banco Bradesco SA from a sell rating to a hold rating in a report on Thursday, March 30th. BidaskClub lowered shares of Banco Bradesco SA from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 25th. ValuEngine lifted Banco Bradesco from a "buy" recommendation to a "strong-buy" recommendation in a analysis report on Friday morning, Jun 2nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Banco Bradesco SA now has a consensus rating of Buy and a consensus target price of $10.65. The stock of Banco Bradesco SA (ADR) (NYSE:BBD) has "Sell" rating given on Friday, April 8 by Citigroup.

Digging a bit further, company shares have been noted -4.98% off the 52 week high and 103.01% away from the 52 week low. Similarly, the company's last 5 years high P/E ratio is 12.01 and low P/E is 5.28, whereas, the industry's and sector's high P/E for the past year is 20.27 and 30.76 respectively and low P/E ratio for the last 5 years is 11.35 for the industry and 11.64 for the Sector. The company has a 50 day moving average of $9.20 and a 200-day moving average of $9.19. If you are viewing this news story on another site, it was illegally copied and reposted in violation of US and worldwide trademark and copyright legislation. The original version of this article can be accessed at Banco Bradesco Sa American Depo recently announced a dividend for shareholders that was paid on Tuesday August 8th, 2017. This represents a dividend yield of 6.99%. The ex-dividend date was set for Wednesday the 2nd of August 2017. Banco Bradesco SA's payout ratio is 7.95%.

A number of institutional investors have recently modified their holdings of BBD. While looking the figure depicted by the Price to Earning we can suggest that the shares of Banco Bradesco S.A. (BBD) are overvalued. Dimensional Fund Advisors LP now owns 11,298,585 shares of the bank's stock valued at $96,022,000 after buying an additional 4,622,402 shares during the period. Federated Investors Inc. PA now owns 34,292 shares of the bank's stock valued at $299,000 after buying an additional 11,500 shares in the last quarter. LLC raised its stake in shares of Banco Bradesco SA by 4.4% in the first quarter. The fund owned 21,534 shares of the bank's stock after buying an additional 2,266 shares during the period. Finally, World Asset Management Inc raised its stake in shares of Banco Bradesco SA by 1.4% in the first quarter.

TRADEMARK VIOLATION WARNING: "Harel Insurance Investments & Financial Services Ltd. Boosts Position in Banco Bradesco SA (BBD)" was first published by Community Financial News and is the sole property of of Community Financial News.

Banco Bradesco S.A., launched on January 5, 1943, is a commercial bank. In addition, it offers other corporate loans and advances, such as short-term loans; working capital loans; corporate overdraft loans; discounting trade receivables, promissory notes, checks, credit card and supplier receivables, etc.; financing for purchase and sale of goods and services; investment lines for acquisition of assets and machinery; rural loans; and microcredit to low-income individuals and small companies.

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