Lindbrook Capital LLC Increases Stake in Banco Bradesco S.A. (NYSE:BBD)

Lindbrook Capital LLC grew its stake in Banco Bradesco S.A. (NYSE:BBD) by 120.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,510 shares of the bank’s stock after purchasing an additional 7,382 shares during the period. Lindbrook Capital LLC’s holdings in Banco Bradesco were worth $47,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. LGT Group Foundation acquired a new stake in Banco Bradesco during the third quarter valued at $30,000. TIAA Trust National Association purchased a new stake in shares of Banco Bradesco in the third quarter valued at approximately $35,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Banco Bradesco during the 3rd quarter worth approximately $36,000. HTLF Bank purchased a new position in shares of Banco Bradesco during the 4th quarter valued at approximately $42,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Banco Bradesco during the third quarter worth about $44,000.

Banco Bradesco Stock Down 0.4 %

Shares of NYSE BBD opened at $2.65 on Friday. Banco Bradesco S.A. has a 1 year low of $2.60 and a 1 year high of $3.68. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average of $2.80 and a two-hundred day moving average of $3.03.

Banco Bradesco Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 6th will be given a $0.0036 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, May 3rd. Banco Bradesco’s dividend payout ratio (DPR) is 14.29%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BBD shares. Jefferies Financial Group downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. The Goldman Sachs Group upgraded Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price target for the company in a research report on Tuesday, February 20th. Finally, HSBC cut shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th.

Banco Bradesco 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.