Banco Bradesco S.A. (NYSE:BBD) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in shares of Banco Bradesco S.A. (NYSE:BBD) by 27.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,721,233 shares of the bank’s stock after selling 636,470 shares during the period. Dimensional Fund Advisors LP’s holdings in Banco Bradesco were worth $3,287,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BBD. R Squared Ltd acquired a new stake in shares of Banco Bradesco during the fourth quarter worth about $30,000. Traveka Wealth LLC acquired a new stake in shares of Banco Bradesco during the fourth quarter worth about $31,000. Peapack Gladstone Financial Corp increased its stake in shares of Banco Bradesco by 54.5% during the fourth quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank’s stock worth $32,000 after buying an additional 6,000 shares during the period. Blue Trust Inc. increased its stake in shares of Banco Bradesco by 78.2% during the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank’s stock worth $38,000 after buying an additional 8,801 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Banco Bradesco by 27.2% during the fourth quarter. HighTower Advisors LLC now owns 25,317 shares of the bank’s stock worth $48,000 after buying an additional 5,421 shares during the period.

Analyst Ratings Changes

BBD has been the topic of a number of recent research reports. The Goldman Sachs Group lowered shares of Banco Bradesco from a “buy” rating to a “sell” rating and cut their target price for the stock from $2.40 to $2.00 in a research note on Wednesday, February 12th. Bank of America upgraded shares of Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday, May 8th.

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock opened at $2.75 on Wednesday. The firm has a market capitalization of $29.27 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.32 and a beta of 0.65. Banco Bradesco S.A. has a 52 week low of $1.84 and a 52 week high of $2.96. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48. The firm’s 50 day moving average is $2.26 and its two-hundred day moving average is $2.16.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings results on Wednesday, May 7th. The bank reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $5.69 billion for the quarter, compared to analyst estimates of $31.24 billion. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. Research analysts forecast that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 7th will be paid a $0.0022 dividend. The ex-dividend date is Tuesday, May 6th. This represents a yield of 1.08%. Banco Bradesco’s dividend payout ratio is currently 6.25%.

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.