Eagle Bay Advisors LLC Grows Holdings in Banco Bradesco S.A. (NYSE:BBD)

Eagle Bay Advisors LLC raised its position in Banco Bradesco S.A. (NYSE:BBD) by 37.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,400 shares of the bank’s stock after buying an additional 7,400 shares during the period. Eagle Bay Advisors LLC’s holdings in Banco Bradesco were worth $54,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of Banco Bradesco by 6.0% during the second quarter. American Century Companies Inc. now owns 3,641,607 shares of the bank’s stock valued at $8,157,000 after acquiring an additional 207,649 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Banco Bradesco by 17.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 873,420 shares of the bank’s stock valued at $1,966,000 after purchasing an additional 130,000 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Banco Bradesco by 19.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 150,362 shares of the bank’s stock worth $337,000 after buying an additional 24,763 shares during the last quarter. Inspire Advisors LLC grew its position in Banco Bradesco by 9.5% during the second quarter. Inspire Advisors LLC now owns 54,720 shares of the bank’s stock valued at $123,000 after buying an additional 4,737 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Banco Bradesco by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,969,714 shares of the bank’s stock valued at $4,415,000 after buying an additional 262,005 shares during the period.

Banco Bradesco Price Performance

BBD opened at $1.89 on Tuesday. The firm has a 50-day moving average price of $2.11 and a 200-day moving average price of $2.41. Banco Bradesco S.A. has a twelve month low of $1.84 and a twelve month high of $3.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $20.06 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.32 and a beta of 0.94.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Thursday, October 31st. The bank reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $5.62 billion. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. Equities analysts expect that Banco Bradesco S.A. will post 0.33 EPS for the current year.

Banco Bradesco Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 5th will be issued a dividend of $0.0031 per share. The ex-dividend date is Wednesday, February 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.97%. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

Analyst Ratings Changes

A number of research firms have weighed in on BBD. The Goldman Sachs Group dropped their target price on shares of Banco Bradesco from $3.20 to $2.30 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. downgraded Banco Bradesco from an “overweight” rating to a “neutral” rating in a research note on Monday, November 25th. Finally, HSBC upgraded Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 target price on the stock in a research note on Monday.

Banco Bradesco Company 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.