Sequoia Financial Advisors LLC Boosts Stock Holdings in Banco Bradesco SA (NYSE:BBD)

Sequoia Financial Advisors LLC boosted its position in Banco Bradesco SA (NYSE:BBD) by 263.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 49,906 shares of the bank’s stock after purchasing an additional 36,177 shares during the period. Sequoia Financial Advisors LLC’s holdings in Banco Bradesco were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Simplicity Wealth LLC purchased a new position in Banco Bradesco in the first quarter valued at approximately $26,000. Peapack Gladstone Financial Corp lifted its position 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 acquiring an additional 6,000 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Banco Bradesco during the first quarter worth $37,000. Stifel Financial Corp purchased a new stake in shares of Banco Bradesco in the fourth quarter worth $39,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Banco Bradesco in the first quarter worth $41,000.

Banco Bradesco Price Performance

Shares of BBD opened at $3.07 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.63. Banco Bradesco SA has a twelve month low of $1.84 and a twelve month high of $3.13. The company has a market capitalization of $32.67 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.45 and a beta of 0.71. The firm has a 50 day moving average of $2.83 and a 200 day moving average of $2.34.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Banco Bradesco had a net margin of 9.08% and a return on equity of 12.33%. The firm had revenue of $5.69 billion during the quarter, compared to the consensus estimate of $31.24 billion. As a group, equities research analysts anticipate that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Cuts Dividend

The business also recently declared a — dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Wednesday, July 2nd will be paid a $0.0351 dividend. This represents a yield of 4.7%. The ex-dividend date is Wednesday, July 2nd. Banco Bradesco’s payout ratio is currently 9.38%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BBD shares. Citigroup raised Banco Bradesco from a “hold” rating to a “buy” rating in a research note on Wednesday, May 28th. Bank of America raised Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Banco Bradesco has a consensus rating of “Hold” and a consensus price target of $2.40.

About Banco Bradesco

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.