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Analysts have assigned a consensus rating of “Moderate Buy” to Banco Bradesco S.A. (NYSE:BBD).

Analysts have assigned a consensus rating of “Moderate Buy” to Banco Bradesco S.A. (NYSE:BBD).

According to Bloomberg Ratings, the nine rating agencies that cover Banco Bradesco S.A. have given the stock an average recommendation of “Moderate Buy” for the company’s shares. This information comes from the rating agencies’ coverage of Banco Bradesco S.A. is publicly traded, and its stock is denoted by the ticker symbol “BBD.” Five research experts recommend investing in the company by purchasing shares, while four recommend continuing to hold on to owned shares. Most brokerage firms that updated their coverage of the stock in the preceding year have set their price target for the stock at $12.58, which is the average price target for the next twelve months.

Recently, several research companies have made their findings public regarding BBD. [An additional citation is required]JPMorgan Chase & Co. moved Banco Bradesco from the “neutral” rating to the “overweight” rating in a research note that was published on November 17. Grupo Santander changed its recommendation for Banco Bradesco on December 8, moving it from “outperform” to “neutral.” This change was made public in a research note distributed that day. Barclays lowered their price objective for Banco Bradesco from $5.00 to $3.50 and downgraded the company from “overweight” to “equal weight” in a research note published on November 15. The rating that Scotiabank has given to Banco Bradesco has been raised from “sector perform” to “sector outperform,” according to a research note published on October 5. The price objective that The Goldman Sachs Group has established for Banco Bradesco has been reduced from $5.40 to $4.80 in a research note published on Thursday, November 10, and carries a “buy” recommendation for the company.

Recently, there has been increased trading activity in the market from various institutional investors and hedge funds. These investors have been buying and selling shares of the company. During the most recent quarter, Ronald Blue Trust Inc. achieved a 220.6% increase in the percentage of Banco Bradesco stock owned by the company. Ronald Blue Trust Inc. now has 7,272 shares of the bank’s stock, which are worth a combined total of $27,000 after the company made an additional purchase of 5,004 shares during the period in question. During the period in question, these shares were purchased. Greenleaf Trust initiated a brand-new investment in Banco Bradesco in the second quarter of the fiscal year by allocating $33,000 to it. A position in Banco Bradesco was acquired for a total cost of $34,000 by Axxcess Wealth Management LLC during the second quarter of the year. By investing $43,000 during the second quarter, ZWJ Investment Counsel Inc. was able to establish a position in Banco Bradesco and acquire a position in the company. Last but not least, during the third quarter of this year, Ieq Capital LLC contributed $43,000 to a new investment in Banco Bradesco. 2.36 percentage points of the total are accounted for by the ownership of the company’s shares by hedge funds and other institutional investors.

At the beginning of the trading week, one share of Banco Bradesco stock was valued at USD 2.82. Moving averages for the past 50 days for the company are $2.82, and moving averages for the last 200 days are $3.32. During the previous year, the price of Banco Bradesco ranged from a low of $2.50 to a high of $4.32. The company possesses a P.E. ratio of 6.97, a PEG ratio of 0.47, and a beta coefficient of 0.77, all of which contribute to its market capitalization of $30.06 billion.

On Tuesday, November 8, Banco Bradesco (NYSE: BBD) released its most recent quarterly earnings report for the public. The net margin Banco Bradesco achieved was 13.60%, and their return on equity was 16.73%. The consensus projection for the quarter among analysts was $0.12; consequently, the bank’s $0.09 profit per share fell short of those expectations by $0.03. On the other hand, the company’s quarterly sales came in at $8.90 billion, which is significantly higher than the average projection of $5.89 billion in revenue. Banco Bradesco is anticipated to bring in revenue of $0.44 per share for the current fiscal year, according to forecasts provided by industry professionals employed by equity research firms.

In addition, the company has announced that it will be distributing a monthly dividend beginning on March 8 of this year. The company has declared the dividend. On Friday, February 3, shareholders of record will receive dividends for $0.003 per share. The company will distribute these dividends. The date shareholders will be required to pay taxes on the dividend that will be disbursed is Thursday, February 2. When calculated on an annualized basis, this results in a dividend of $0.04 per share and a yield of 1.28% for the investment. In the case of Banco Bradesco, the payout ratio comes in at 39.55 percent.

Banco Bradesco S.A. and its subsidiaries provide clients in Brazil and other parts of the world, including firms, organizations, and businesses of varying sizes, with access to a comprehensive range of banking products and services from which they can make their selections. The company can be broken down into two distinct sub-industries: banking and insurance. It provides:

Current accounts, savings accounts, checking accounts, and salary accounts.

Auto, personal accident, dental, travel, and life insurance.

Investment and pension products.

Real estate and vehicle auctions.

Payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit.

Debit and business cards.

Financial and security services.

Consortium products.

Cash management.

Foreign trade and exchange services.

Other services include:

Current accounts, savings accounts, checking accounts, and salary accounts.

Auto, personal accident, dental, travel, and life insurance.

Investment and pension products.

Cash management and international trade and exchange services are also included among the available options.


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