Sapient Capital LLC Acquires New Position in Banco Bradesco S.A. (NYSE:BBD)

Sapient Capital LLC purchased a new stake in Banco Bradesco S.A. (NYSE:BBD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 29,843 shares of the bank’s stock, valued at approximately $104,000.

Other institutional investors have also recently modified their holdings of the company. First Trust Direct Indexing L.P. raised its position in shares of Banco Bradesco by 8.6% in the fourth quarter. First Trust Direct Indexing L.P. now owns 45,245 shares of the bank’s stock valued at $158,000 after buying an additional 3,570 shares during the last quarter. Gould Asset Management LLC CA lifted its stake in shares of Banco Bradesco by 7.3% during the 4th quarter. Gould Asset Management LLC CA now owns 53,509 shares of the bank’s stock worth $187,000 after purchasing an additional 3,640 shares during the period. Blair William & Co. IL boosted its holdings in shares of Banco Bradesco by 7.1% during the third quarter. Blair William & Co. IL now owns 57,903 shares of the bank’s stock worth $165,000 after purchasing an additional 3,835 shares during the last quarter. SVB Wealth LLC boosted its holdings in shares of Banco Bradesco by 11.3% during the fourth quarter. SVB Wealth LLC now owns 38,140 shares of the bank’s stock worth $133,000 after purchasing an additional 3,868 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Banco Bradesco by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 34,102 shares of the bank’s stock valued at $119,000 after purchasing an additional 4,319 shares during the period.

Banco Bradesco Trading Down 0.4 %

Shares of NYSE:BBD opened at $2.71 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. Banco Bradesco S.A. has a 1 year low of $2.60 and a 1 year high of $3.68. The stock has a 50-day simple moving average of $2.79 and a 200-day simple moving average of $3.03.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Wednesday, February 7th. The bank reported $0.06 EPS for the quarter. Banco Bradesco had a return on equity of 9.55% and a net margin of 6.70%. The company had revenue of $9.11 billion for the quarter. As a group, sell-side analysts forecast that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 6th will be issued a $0.0036 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, May 3rd. Banco Bradesco’s dividend payout ratio is presently 17.39%.

Analyst Ratings Changes

Several research firms recently weighed in on BBD. Jefferies Financial Group downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. The Goldman Sachs Group upgraded shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price objective on the stock in a report on Tuesday, February 20th.

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.