Banco Bradesco S.A. (NYSE:BBD) Shares Acquired by Atria Investments Inc

Atria Investments Inc grew its holdings in Banco Bradesco S.A. (NYSE:BBD) by 24.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 44,151 shares of the bank’s stock after buying an additional 8,641 shares during the quarter. Atria Investments Inc’s holdings in Banco Bradesco were worth $117,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Banco Bradesco by 99.9% during the third quarter. Blue Trust Inc. now owns 11,254 shares of the bank’s stock worth $30,000 after buying an additional 5,623 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in shares of Banco Bradesco in the second quarter valued at $43,000. Mayport LLC purchased a new stake in shares of Banco Bradesco in the second quarter valued at $47,000. SG Americas Securities LLC purchased a new stake in Banco Bradesco during the second quarter valued at about $49,000. Finally, Eagle Bay Advisors LLC grew its position in Banco Bradesco by 110.5% during the third quarter. Eagle Bay Advisors LLC now owns 20,000 shares of the bank’s stock valued at $54,000 after acquiring an additional 10,500 shares during the period.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Banco Bradesco from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $2.50 to $3.20 in a research note on Monday, August 19th.

Banco Bradesco Trading Down 0.4 %

NYSE:BBD opened at $2.38 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. Banco Bradesco S.A. has a one year low of $2.16 and a one year high of $3.65. The business’s 50-day simple moving average is $2.57 and its 200 day simple moving average is $2.53. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 0.28 and a beta of 0.97.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Thursday, October 31st. The bank reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $9.18 billion during the quarter, compared to analyst estimates of $5.62 billion. Banco Bradesco had a return on equity of 10.17% and a net margin of 7.43%. As a group, sell-side analysts predict that Banco Bradesco S.A. will post 0.34 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.0033 per share. The ex-dividend date is Wednesday, December 4th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a dividend yield of 1.67%. Banco Bradesco’s dividend payout ratio is 11.54%.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.