Banco Bradesco SA (NYSE:BBD) Given Consensus Rating of "Buy" by Brokerages

Marco Green
July 12, 2017

Wall Street analysts are predicting that Banco Bradesco Sa (NYSE:BBD) will report earnings per share of $0.22 in their quarterly report. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $10.65. Finally, Zacks Investment Research upgraded shares of Banco Bradesco SA from a "sell" rating to a "hold" rating in a research note on Thursday, March 30th. Scotia Capital upgraded the shares of BBD in report on Wednesday, April 12 to "Sector Perform" rating. Finally, Comerica Bank increased its stake in Banco Bradesco SA by 12.5% in the fourth quarter. If you are accessing this news story on another publication, it was illegally copied and republished in violation of USA and global trademark & copyright laws. The legal version of this report can be accessed at

A number of hedge funds have recently made changes to their positions in BBD. USA Financial Portformulas Corp raised its stake in Banco Bradesco SA by 11.8% in the fourth quarter. Capstone Asset Management has an ownership of 394,839 stocks of the bank's shares valued at $4,043,000 after scooping up an extra 8,410 shares through out the previous quarter, Harding Loevner boosted its stake in stocks of Banco Bradesco by 2.2% in the Q1. Comerica Bank now owns 159,389 shares of the bank's stock worth $1,535,000 after buying an additional 17,746 shares during the period. Investec Asset Management LTD increased its stake in Banco Bradesco SA by 1.7% in the first quarter. Macquarie Group Ltd. now owns 3,157,550 shares of the bank's stock valued at $27,496,000 after buying an additional 20,341 shares in the last quarter.

Banco Bradesco SA (NYSE:BBD) was the target of a significant growth in short interest in May. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Banco Bradesco SA during the fourth quarter worth approximately $124,000.

Stocks of Banco Bradesco (BBD) started trading at 8.65 on early Tue. the share has a valuation of $52.64 B, a price to earnings ratio of 9.74 along with a stock beta of 1.75. About 1.93 million shares traded. Banco Bradesco SA has a one year low of $6.78 and a one year high of $10.37.

Shares of Banco Bradesco Sa (NYSE:BBD) now have an Average Brokerage Recommendation of 3, number of Recs in ABR is 3 while industry rank of the company by ABR is out of 265. The company reported the earnings of $0.24/Share in the last quarter where the estimated EPS by analysts was $0.22/share.

On the other hand Banco Bradesco Sa (NYSE:BBD) has Relative Strength Index (RSI 14) of 54.03 along with Average True Range (ATR 14) of 0.23.

The company's quick ratio for most recent quarter is 0 along with current ratio for most recent quarter of 0.

The business also recently disclosed a special dividend, which will be paid on Monday, July 24th. Investors of record on Thursday, July 6th will be given a dividend of $0.057 per share. The ex-dividend date is Monday, July 3rd. For the next 5 years, Banco Bradesco expecting Growth of 13.8% per annum, whereas in the past 5 years the growth was -0.72% per annum.

Banco Bradesco S.A. (NYSE:BBDO) Foreign Regional Banks shows a Dividend Yield of 0.84% with a Payout Ratio of *TBA.

While looking at the Stock's Performance, Banco Bradesco S.A. now shows a Weekly Performance of 2.31%, where Monthly Performance is 0.63%, Quarterly performance is -6.31%, 6 Months performance is 0.45% and yearly performance percentage is 28.55%.

Banco Bradesco SA is a commercial bank.

Several large investors have recently bought and sold shares of BBD.

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