Banco Bradesco SA (NYSE:BBD) Shares Bought by Earnest Partners LLC

Earnest Partners LLC lifted its position in Banco Bradesco SA (NYSE:BBD) by 17.2% in the 2nd quarter, Holdings reports. The fund owned 16,400,467 shares of the bank’s stock after acquiring an additional 2,410,188 shares during the period. Banco Bradesco makes up 1.5% of Earnest Partners LLC’s investment portfolio, making the stock its 8th largest position. Earnest Partners LLC’s holdings in Banco Bradesco were worth $161,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BBD. Parallel Advisors LLC grew its position in shares of Banco Bradesco by 293.1% in the 1st quarter. Parallel Advisors LLC now owns 3,286 shares of the bank’s stock worth $36,000 after acquiring an additional 2,450 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Banco Bradesco in the 1st quarter worth $851,000. Compass Group LLC bought a new stake in shares of Banco Bradesco in the 1st quarter worth $606,000. Laurion Capital Management LP bought a new stake in shares of Banco Bradesco in the 1st quarter worth $1,925,000. Finally, NS Partners Ltd raised its stake in shares of Banco Bradesco by 12.4% in the 1st quarter. NS Partners Ltd now owns 653,468 shares of the bank’s stock worth $7,129,000 after buying an additional 72,100 shares in the last quarter. Institutional investors own 2.46% of the company’s stock.

A number of analysts have recently commented on BBD shares. Zacks Investment Research raised Banco Bradesco from a “sell” rating to a “hold” rating in a research note on Thursday. Goldman Sachs Group started coverage on Banco Bradesco in a research note on Monday, June 10th. They issued a “sell” rating and a $9.58 price objective on the stock. ValuEngine downgraded Banco Bradesco from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 5th. Finally, Morgan Stanley raised Banco Bradesco from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. Banco Bradesco presently has an average rating of “Hold” and a consensus target price of $10.29.

Shares of Banco Bradesco stock opened at $8.33 on Friday. The stock’s fifty day moving average is $8.47 and its 200-day moving average is $9.46. The firm has a market capitalization of $80.29 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.62 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.79. Banco Bradesco SA has a 12-month low of $5.41 and a 12-month high of $10.55.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Friday, July 26th. The bank reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $6.38 billion. Banco Bradesco had a return on equity of 19.01% and a net margin of 16.16%. Analysts expect that Banco Bradesco SA will post 0.79 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.004 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, September 3rd. Banco Bradesco’s dividend payout ratio (DPR) is presently 5.63%.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

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Institutional Ownership by Quarter for Banco Bradesco (NYSE:BBD)

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