Caprock Group LLC Has $69,000 Stake in Banco Bradesco S.A. (NYSE:BBD)

Caprock Group LLC raised its stake in Banco Bradesco S.A. (NYSE:BBD) by 78.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,456 shares of the bank’s stock after purchasing an additional 11,192 shares during the quarter. Caprock Group LLC’s holdings in Banco Bradesco were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BBD. Natixis Advisors LLC raised its position in Banco Bradesco by 12.0% in the 3rd quarter. Natixis Advisors LLC now owns 262,107 shares of the bank’s stock valued at $697,000 after buying an additional 27,993 shares during the last quarter. Aigen Investment Management LP lifted its position in shares of Banco Bradesco by 24.5% during the third quarter. Aigen Investment Management LP now owns 151,613 shares of the bank’s stock valued at $403,000 after purchasing an additional 29,861 shares in the last quarter. Catalytic Wealth RIA LLC boosted its holdings in Banco Bradesco by 34.1% during the third quarter. Catalytic Wealth RIA LLC now owns 46,774 shares of the bank’s stock worth $124,000 after purchasing an additional 11,883 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Banco Bradesco by 5.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 250,657 shares of the bank’s stock worth $667,000 after purchasing an additional 12,228 shares in the last quarter. Finally, Atria Investments Inc increased its stake in Banco Bradesco by 24.3% in the 3rd quarter. Atria Investments Inc now owns 44,151 shares of the bank’s stock valued at $117,000 after buying an additional 8,641 shares during the last quarter.

Banco Bradesco Price Performance

BBD opened at $2.35 on Tuesday. Banco Bradesco S.A. has a twelve month low of $2.16 and a twelve month high of $3.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $2.56 and its two-hundred day moving average price is $2.53.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Thursday, October 31st. The bank reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Banco Bradesco had a return on equity of 10.17% and a net margin of 7.43%. As a group, equities analysts predict that Banco Bradesco S.A. will post 0.34 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be paid a $0.0033 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.04 annualized dividend and a yield of 1.69%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is currently 11.54%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BBD shares. The Goldman Sachs Group raised Banco Bradesco from a “neutral” rating to a “buy” rating and upped their target price for the company from $2.50 to $3.20 in a report on Monday, August 19th. JPMorgan Chase & Co. cut Banco Bradesco from an “overweight” rating to a “neutral” rating in a research note on Monday.

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.