Banco Bradesco (NYSE:BBD) Shares Gap Down - Should You Sell?

Shares of Banco Bradesco S.A. (NYSE:BBD - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $2.23, but opened at $2.12. Banco Bradesco shares last traded at $2.18, with a volume of 12,729,301 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. HSBC raised shares of Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. cut shares of Banco Bradesco from an "overweight" rating to a "neutral" rating in a report on Monday, November 25th. Finally, The Goldman Sachs Group decreased their price target on shares of Banco Bradesco from $3.20 to $2.30 and set a "buy" rating on the stock in a report on Friday, January 10th.

Banco Bradesco Trading Up 2.6 %

The stock has a market cap of $23.04 billion, a P/E ratio of 8.33, a PEG ratio of 0.28 and a beta of 0.94. The firm's fifty day moving average price is $1.99 and its two-hundred day moving average price is $2.38. 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 (NYSE:BBD - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. As a group, equities research analysts forecast that Banco Bradesco S.A. will post 0.33 EPS for the current year.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 7th will be paid a $0.0033 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, March 7th. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio is currently 11.54%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Banco Bradesco by 99.9% in the third quarter. Blue Trust Inc. now owns 11,254 shares of the bank's stock valued at $30,000 after acquiring an additional 5,623 shares during the last quarter. Townsquare Capital LLC bought a new position in Banco Bradesco in the third quarter valued at $37,000. R Squared Ltd purchased a new stake in Banco Bradesco during the fourth quarter valued at about $30,000. Traveka Wealth LLC purchased a new stake in Banco Bradesco during the fourth quarter valued at about $31,000. Finally, Eagle Bay Advisors LLC boosted 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 buying an additional 10,500 shares during the period.

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.