Banco Bradesco (NYSE:BBD - Get Free Report) announced its quarterly earnings data on Friday. The bank reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09, Zacks reports. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%.
Banco Bradesco Stock Performance
Shares of Banco Bradesco stock traded up $0.07 during trading hours on Tuesday, reaching $2.18. The company had a trading volume of 40,292,712 shares, compared to its average volume of 51,910,109. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. Banco Bradesco has a one year low of $1.84 and a one year high of $2.98. The firm has a market cap of $23.15 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.28 and a beta of 0.94. The business has a fifty day simple moving average of $1.99 and a 200 day simple moving average of $2.38.
Banco Bradesco Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be given a dividend of $0.0033 per share. The ex-dividend date is Friday, March 7th. This represents a $0.04 annualized dividend and a dividend yield of 1.81%. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio is currently 11.54%.
Analysts Set New Price Targets
Several brokerages have weighed in on BBD. The Goldman Sachs Group reduced their price objective on Banco Bradesco from $3.20 to $2.30 and set a "buy" rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. downgraded Banco Bradesco from an "overweight" rating to a "neutral" rating in a research note on Monday, November 25th. Finally, HSBC upgraded Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price objective on the stock in a research note on Monday, January 13th.
Get Our Latest Stock Analysis on Banco Bradesco
Banco Bradesco Company Profile
(
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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.
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