Candriam SCA takes over the position in Banco Bradesco SA (NYSE:BBD)

Candriam SCA acquired a new position in shares of Banco Bradesco SA (NYSE:BBD – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 51,535 shares of the bank’s stock, valued at approximately $115,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Savvy Advisors Inc. purchased a new position in shares of Banco Bradesco during the fourth quarter valued at about $35,000. Inspire Investing LLC bought a new stake in Banco Bradesco in the first quarter valued at $29,000. Aigen Investment Management LP bought a new stake in Banco Bradesco in the 4th quarter valued at $43,000. Vanguard Personalized Indexing Management LLC purchased a new position in Banco Bradesco in the fourth quarter valued at $46,000. Finally, Ieq Capital LLC boosted its stake in Banco Bradesco by 24.7% in the 4th quarter. Ieq Capital LLC now owns 20,714 shares of the bank’s stock valued at $72,000 after purchasing an additional 4,103 shares in the last quarter.

Banco Bradesco stock fell 0.9%

Shares of NYSE:BBD opened at $2.77 on Thursday. The company’s 50-day moving average is $2.55 and its 200-day moving average is $2.60. Banco Bradesco SA has a 12-month low of $2.16 and a 12-month high of $3.65. The stock has a market cap of $29.47 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 0.32 and a beta of 0.97. The company has a quick ratio of 0.76, a current ratio of 0.76, and a debt-to-equity ratio of 0.62.

Banco Bradesco (NYSE:BBD – Get Your Free Report ) last released its quarterly earnings data on Monday, August 5th. The bank reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Banco Bradesco had a net margin of 6.68% and a return on equity of 9.88%. The firm had revenue of $9.64 billion for the quarter, compared to the consensus estimate of $5.47 billion. On average, sell-side analysts anticipate that Banco Bradesco SA will post 0.35 earnings per share for the current fiscal year.

Banco Bradesco announces dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 8th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.0035 per share. This represents an annualized dividend of $0.04 and a yield of 1.51%. The ex-dividend date is Wednesday, September 4. Banco Bradesco’s dividend payout ratio (DPR) is currently 13.04%.

Analysts on Wall Street are forecasting an increase

Separately, Goldman Sachs Group raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $2.50 to $3.20 in a research report on Monday, August 19.

Get the latest stock analysis on BBD

Banco Bradesco profile

(Free Report)

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, companies and businesses in Brazil and around the world. The company operates through two segments, Banking and Insurance. Offers checking, savings, click and payroll accounts; real estate loan, vehicle financing, salary loans, mortgage loans, microcredit, leasing and personal and installment loans; overdraft and agribusiness loans; debit and business cards; financial and security services; products from the consortium; Auto, personal accident, dental, travel and life insurance; investment products; pension products; Currency exchange services; capitalization bonds; and internet banking.

Featured stories

Want to see what other hedge funds BBD owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Bradesco SA (NYSE:BBD – Free Report).

Get news and ratings for Banco Bradesco Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Banco Bradesco and related companies with MarketBeat.com ‘s FREE daily email newsletter.