Sava Infond d.o.o. Makes New $210,000 Investment in Banco Bradesco S.A. (NYSE:BBD)

Sava Infond d.o.o. purchased a new stake in shares of Banco Bradesco S.A. (NYSE:BBD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 110,000 shares of the bank’s stock, valued at approximately $210,000.

Other large investors have also recently modified their holdings of the company. R Squared Ltd bought a new stake in Banco Bradesco during the 4th quarter valued at $30,000. Traveka Wealth LLC purchased a new position in shares of Banco Bradesco during the fourth quarter valued at $31,000. Townsquare Capital LLC bought a new stake in shares of Banco Bradesco in the third quarter valued at about $37,000. Blue Trust Inc. lifted its stake in Banco Bradesco by 78.2% in the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank’s stock worth $38,000 after acquiring an additional 8,801 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Banco Bradesco by 27.2% during the 4th quarter. HighTower Advisors LLC now owns 25,317 shares of the bank’s stock worth $48,000 after acquiring an additional 5,421 shares in the last quarter.

Banco Bradesco Price Performance

BBD opened at $2.30 on Friday. Banco Bradesco S.A. has a 1 year low of $1.84 and a 1 year high of $2.98. The firm has a market capitalization of $24.42 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 0.32 and a beta of 0.94. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The business’s 50-day moving average is $2.09 and its two-hundred day moving average is $2.26.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Friday, February 7th. The bank reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. Research analysts anticipate that Banco Bradesco S.A. will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be given a $0.0398 dividend. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 20.78%. Banco Bradesco’s dividend payout ratio (DPR) is presently 6.67%.

Analyst Ratings Changes

BBD has been the subject of several recent research reports. The Goldman Sachs Group lowered shares of Banco Bradesco from a “buy” rating to a “sell” rating and reduced their price target for the company from $2.40 to $2.00 in a report on Wednesday, February 12th. HSBC raised shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price objective for the company in a research note on Monday, January 13th.

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.