Mix Stock in Concentration: Banco Bradesco Sa (NYSE:BBD)

Author

20 July, 2017

Zacks Investment Research cut shares of Banco Bradesco SA from a "buy" rating to a "hold" rating in a report on Friday, May 5th. Banco Bradesco SA earned a daily sentiment score of 0.07 on Accern's scale. ValuEngine downgraded shares of Banco Bradesco SA from a strong-buy rating to a buy rating in a research report on Thursday, June 22nd. The company moved in the past week with shift of 6.70%. Accern also gave news stories about the bank an impact score of 37 out of 100, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the near term.

Shares are trading at $9.38 slightly over $8.30, the stock's 50 day moving average and which is marginally under the 200 day moving average of $9.48.

Banco Bradesco Sa (NYSE:BBD) now has a trailing P/E of 10.59 while its forward P/E according to Thomson Reuters is 9.59.

Recent session action on shares of The Bank of New York Mellon Corporation (NYSE:BK) puts the stock on today's active list. Checking some other stock price data, we can see that the recent distance from the 50 day high was noted at -9.41% and the separation from the 50 day low is presently 19.98%.

By having an overview of the Income statement for Banco Bradesco Sa (NYSE:BBD) the Revenue for the trailing twelve months is 23.32 Billion. The bank reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Banco Bradesco SA had a net margin of 9.08% and a return on equity of 17.32%. On average, analysts anticipate that Banco Bradesco SA will post $0.93 earnings per share for the current year.

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The business also recently disclosed a special dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 4th will be issued a $0.0058 dividend. The ex-dividend date is Wednesday, August 2nd. Aberdeen Asset Management Plc/Uk owns $1.53 billion in Banco Bradesco S.A., which represents roughly 2.68% of the company's market cap and approximately 23.19% of the institutional ownership. Banco Bradesco SA's payout ratio is 76.87%.

A number of large investors have recently added to or reduced their stakes in the stock.

Banco Bradesco SA (NYSE:BBD) last issued its quarterly earnings results on Thursday, April 27th. Stifel Financial Corp acquired a new stake in shares of Banco Bradesco SA during the first quarter valued at about $109,000. As of quarter end Ubs Group Ag had bought 2,874 shares growing its position 11,053.8%.

The Stock traded with an actual day volume of 7.3 Million and average volume of 13.79 Million respectively. US Bancorp DE boosted its position in Banco Bradesco SA by 4.4% in the first quarter. The stock had its last split on May 2, 2017. Vanguard Group Inc. raised its stake in shares of Banco Bradesco SA by 5.3% in the first quarter.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 8.02% and has a pretty decent Year to Date (YTD) Performance of 19.96% which means the stock is constantly adding to its value from previous fiscal year end price.

Banco Bradesco SA is a commercial bank.


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