26 May, 2017
Westpac Banking Corp reduced its stake in shares of Banco Bradesco SA (NYSE:BBD) by 78.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The Price to Sales (P/S) ratio of the stock is 1.69, while P/B (Price to Book) stands at 0.
Banco Bradesco S.A.is a commercial bank.
About 7.85 million shares traded. The stock has an average rating of Hold and a consensus target price of $10.65. The firm has a 50 day moving average price of $9.39 and a 200 day moving average price of $8.89. They expect $0.22 EPS, up 15.79% or $0.03 from last year's $0.19 per share. World Asset Management Inc now owns 173,044 shares of the bank's stock worth $1,772,000 after buying an additional 2,459 shares in the last quarter. 2 EPS. Current year EPS projections for Banco Bradesco SA (ADR) (NYSE:BBD) set at $0.93 according to the sentiments of 6 analysts, while its lowest earnings estimates are $0.8 and highest earnings estimates are $1.01. Banco Bradesco S.A. had a market cap of 49.11 B, indicating that it has a good hold on the market value of the shares outstanding.
The company's Average Revenue Estimate for the current quarter is $8.38 Billion, while Low and High Revenue Estimates are $8.26 Billion and $8.49 Billion respectively. Banco Bradesco SA had a net margin of 10.43% and a return on equity of 17.58%. During the 52-week trading session the minimum price at which share price traded, registered at $5.55 and reached to max level of $10.37. Banco Bradesco SA (ADR) (NYSE:BBD) has risen 43.32% since May 23, 2016 and is uptrending. The overall volume in the last trading session was 4.69 million shares, versus the average volume of 1.95 million shares.
At the movement Banco Bradesco S.A. (NYSE:BBD) is under coverage by number of analysts. The average 12-month price target among brokerages that have issued ratings on the stock in the past year is $9.30.
The firm also recently announced a special dividend, which will be paid on Tuesday, August 8th. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Finally, First Trust Advisors LP boosted its position in Banco Bradesco SA by 35.9% in the third quarter. Investors of record on Thursday, July 6th will be given a $0.006 dividend. Russell Investments Group Ltd. purchased a new position in shares of Banco Bradesco SA during the fourth quarter worth approximately $42,900,000. This represents a dividend yield of 0.75%.
The target payout ratio for Banco Bradesco S.A.is now measuring at *TBA, outlining what size the company's dividends should be. The ex-dividend date of this dividend is Monday, July 3rd. If you are viewing this story on another publication, it was stolen and republished in violation of USA & worldwide trademark and copyright law. BlackRock Fund Advisors now owns 7,053,586 shares of the bank's stock worth $63,976,000 after buying an additional 983,333 shares during the period. The legal version of this piece of content can be read at https://www.thestockobserver.com/2017/05/22/banco-bradesco-sa-bbd-given-consensus-rating-of-hold-by-brokerages.html.
Banco Bradesco S.A. (BBD) belongs to the "Financial" sector with an industry focus on "Foreign Regional Banks", with Mr. Luiz Carlos Trabuco Cappi as Vice-Chairman, Chief Exec. Officer and Member of Board of Exec. Officers.
A number of research firms have issued reports on BBD. The Bank offers a range of banking and financial services and products in Brazil and overseas to individuals, large, mid-sized and small companies, and local and global firms and institutions. The Company's divisions include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
