Sava Infond d.o.o. Purchases New Stake in Banco Bradesco S.A. (NYSE:BBD)

Sava Infond d.o.o. purchased a new stake in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 110,000 shares of the bank's stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Townsquare Capital LLC purchased a new position in shares of Banco Bradesco in the 3rd quarter worth about $37,000. R Squared Ltd purchased a new position in Banco Bradesco in the fourth quarter valued at about $30,000. Traveka Wealth LLC bought a new position in shares of Banco Bradesco during the 4th quarter valued at approximately $31,000. Blue Trust Inc. raised its holdings in shares of Banco Bradesco by 78.2% in the 4th quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock worth $38,000 after purchasing an additional 8,801 shares during the period. Finally, Insigneo Advisory Services LLC raised its holdings in shares of Banco Bradesco by 23.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 22,120 shares of the bank's stock worth $59,000 after purchasing an additional 4,260 shares during the period.

Banco Bradesco Price Performance

Shares of BBD traded down $0.03 during mid-day trading on Monday, reaching $2.25. 25,472,599 shares of the stock traded hands, compared to its average volume of 30,387,700. The company has a market cap of $23.89 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 0.32 and a beta of 0.94. Banco Bradesco S.A. has a 1 year low of $1.84 and a 1 year high of $2.98. The firm has a fifty day moving average price of $2.10 and a 200 day moving average price of $2.25. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48.

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Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. As a group, equities research analysts predict that Banco Bradesco S.A. will post 0.37 earnings per share for the current year.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be issued a $0.0398 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 21.25%. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, April 2nd. Banco Bradesco's payout ratio is presently 43.33%.

Analyst Ratings Changes

BBD has been the subject of a number of recent research reports. HSBC raised Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price for the company in a research report on Monday, January 13th. The Goldman Sachs Group lowered Banco Bradesco from a "buy" rating to a "sell" rating and decreased their price objective for the stock from $2.40 to $2.00 in a report on Wednesday, February 12th.

About Banco Bradesco

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.