Banco Bradesco (NYSE:BBD) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Banco Bradesco SA (NYSE:BBD) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.69 and traded as high as $3.79. Banco Bradesco shares last traded at $3.7150, with a volume of 46,118,465 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BBD. Weiss Ratings raised Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. Itau BBA Securities reissued an “outperform” rating on shares of Banco Bradesco in a report on Friday, February 27th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Banco Bradesco Stock Down 3.8%

The stock has a fifty day moving average price of $3.82 and a 200 day moving average price of $3.69. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $39.37 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 0.49 and a beta of 0.56.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Tuesday, March 31st. The bank reported $0.09 EPS for the quarter. Banco Bradesco had a return on equity of 14.43% and a net margin of 9.24%.The firm had revenue of $1.50 billion during the quarter. On average, research analysts forecast that Banco Bradesco SA will post 0.48 earnings per share for the current year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 6th will be issued a $0.0037 dividend. The ex-dividend date of this dividend is Wednesday, May 6th. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. Banco Bradesco’s dividend payout ratio is 7.69%.

Hedge Funds Weigh In On Banco Bradesco

A number of large investors have recently made changes to their positions in BBD. Millennium Management LLC boosted its holdings in shares of Banco Bradesco by 28.4% in the first quarter. Millennium Management LLC now owns 6,834,192 shares of the bank’s stock worth $15,240,000 after acquiring an additional 1,510,481 shares during the period. Jones Financial Companies Lllp raised its position in shares of Banco Bradesco by 3,749.8% in the first quarter. Jones Financial Companies Lllp now owns 38,613 shares of the bank’s stock worth $86,000 after buying an additional 37,610 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Banco Bradesco by 116.9% in the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock worth $73,885,000 after buying an additional 17,853,712 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Banco Bradesco in the second quarter worth $62,000. Finally, JPMorgan Chase & Co. raised its position in shares of Banco Bradesco by 22.0% in the second quarter. JPMorgan Chase & Co. now owns 964,959 shares of the bank’s stock worth $2,982,000 after buying an additional 174,126 shares in the last quarter.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.