Caprock Group LLC Has $69,000 Holdings in Banco Bradesco S.A. (NYSE:BBD)

Caprock Group LLC boosted its stake in Banco Bradesco S.A. (NYSE:BBD) by 78.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,456 shares of the bank’s stock after purchasing an additional 11,192 shares during the period. Caprock Group LLC’s holdings in Banco Bradesco were worth $69,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. increased its position in Banco Bradesco by 99.9% during the 3rd quarter. Blue Trust Inc. now owns 11,254 shares of the bank’s stock valued at $30,000 after purchasing an additional 5,623 shares during the period. Insigneo Advisory Services LLC bought a new position in Banco Bradesco during the second quarter worth $43,000. Mayport LLC acquired a new position in Banco Bradesco in the second quarter valued at $47,000. SG Americas Securities LLC bought a new stake in Banco Bradesco during the second quarter valued at $49,000. Finally, Eagle Bay Advisors LLC grew its holdings in Banco Bradesco by 110.5% during the 3rd quarter. Eagle Bay Advisors LLC now owns 20,000 shares of the bank’s stock worth $54,000 after acquiring an additional 10,500 shares during the period.

Analysts Set New Price Targets

BBD has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded Banco Bradesco from a “neutral” rating to a “buy” rating and upped their target price for the company from $2.50 to $3.20 in a research report on Monday, August 19th. JPMorgan Chase & Co. cut Banco Bradesco from an “overweight” rating to a “neutral” rating in a report on Monday.

Banco Bradesco Stock Performance

BBD stock opened at $2.35 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50-day moving average is $2.56 and its 200-day moving average is $2.53. Banco Bradesco S.A. has a 1 year low of $2.16 and a 1 year high of $3.65.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings results on Thursday, October 31st. The bank reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $9.18 billion for 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%. Equities analysts anticipate that Banco Bradesco S.A. will post 0.34 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be given a $0.0033 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.04 annualized dividend and a yield of 1.69%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is presently 11.54%.

Banco Bradesco 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.