Henry James International Management Inc. Has $533,000 Stake in Banco Bradesco S.A. (NYSE:BBD)

Henry James International Management Inc. lowered its stake in Banco Bradesco S.A. (NYSE:BBD) by 2.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 152,391 shares of the bank’s stock after selling 3,739 shares during the period. Henry James International Management Inc.’s holdings in Banco Bradesco were worth $533,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. LGT Group Foundation bought a new stake in Banco Bradesco during the 3rd quarter worth $30,000. HTLF Bank bought a new stake in Banco Bradesco during the 4th quarter valued at $42,000. TIAA Trust National Association purchased a new stake in shares of Banco Bradesco in the third quarter worth approximately $35,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Banco Bradesco in the third quarter valued at about $36,000. Finally, Lindbrook Capital LLC increased its stake in Banco Bradesco by 120.5% in the 4th quarter. Lindbrook Capital LLC now owns 13,510 shares of the bank’s stock valued at $47,000 after buying an additional 7,382 shares during the last quarter.

Banco Bradesco Price Performance

Shares of NYSE:BBD remained flat at $2.72 during midday trading on Friday. 23,989,788 shares of the stock were exchanged, compared to its average volume of 16,488,840. Banco Bradesco S.A. has a 12-month low of $2.60 and a 12-month high of $3.68. The business has a 50-day moving average of $2.79 and a 200 day moving average of $3.03. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.97 and a quick ratio of 0.97.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Wednesday, February 7th. The bank reported $0.06 EPS for the quarter. The business had revenue of $9.11 billion for the quarter. Banco Bradesco had a return on equity of 9.06% and a net margin of 6.38%. On average, equities analysts predict that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 6th will be given a $0.0036 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.04 annualized dividend and a yield of 1.59%.

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group raised shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price objective on the stock in a research report on Tuesday, February 20th. Jefferies Financial Group cut shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, HSBC downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a 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.