Analyst's Discussions: Banco Bradesco SA (BBD)

The correct version of this article can be accessed at More extreme high and low levels-80 and 20, or 90 and 10-occur less frequently but indicate stronger momentum.

03/22/2016 - Banco Bradesco Sa had its "hold" rating reiterated by analysts at Deutsche Bank.

While looking at the Stock's Performance, Banco Bradesco S.A. now shows a Weekly Performance of -0.85%, where Monthly Performance is -17.34%, Quarterly performance is -10.59%, 6 Months performance is 8.57% and yearly performance percentage is 29.21%.

Currently, EPS of Banco Bradesco S.A. (BBD) is 0.24 while the analysts predicted the EPS of the stock to be 0.22 suggesting the company fell short of the analysts' expectations. Zacks Investment Research's EPS averages are a mean average based on a survey of sell-side analysts that follow Banco Bradesco SA.

Analysts await Banco Bradesco SA (ADR) (NYSE:BBD) to report earnings on July, 27.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Banco Bradesco Sa (NYSE:BBD) high price target of $10.5 and with a conservative view have low price target of $2.89. The institutional investor held 5,910 shares of the investment bankers and brokers and service company at the end of 2016Q4, valued at $68,000, down from 45,689 at the end of the previous reported quarter.

A number of research analysts have issued reports on the company. Scotiabank upgraded Banco Bradesco SA from an "underperform" rating to a "sector perform" rating in a report on Tuesday, April 11th.

Analyst recommendation for this stock stands at 2.70. The company now has a consensus rating of "Buy" and an average target price of $10.65.

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Banco Bradesco SA (NYSE:BBD) traded down 2.26% during trading on Friday, reaching $8.20. Wetherby Asset Management Inc. now owns 56,341 shares of the bank's stock valued at $577,000 after buying an additional 3,632 shares in the last quarter.

P/E ratio of the firm is 8.82. If we take a long term observation, shares have been trading at a distance of -8.08% from the 200-day moving average. While the company's share hit the 52 week high on 05/16/17 stationing the value of $10.37.

The company also recently announced a special dividend, which will be paid on Tuesday, August 8th.

The number of shares now held by investors is 6.09 Billion. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend is Monday, July 3rd.

A number of hedge funds and other institutional investors have recently modified their holdings of BBD. Royal Bank of Scotland Group PLC purchased a new position in shares of Banco Bradesco SA during the third quarter worth $105,000. World Asset Management Inc increased its stake in shares of Banco Bradesco SA by 1.4% in the first quarter. They are projecting Next Quarter growth of -4.3%. US Bancorp DE now owns 10,993 shares of the bank's stock valued at $113,000 after buying an additional 468 shares in the last quarter. Fort L.P. owns 669,546 shares or 4.34% of their United States portfolio. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering.

  • Zachary Reyes