Doma Perpetual Capital Management LLC Has $27.85 Million Stake in Banco Bradesco S.A. (NYSE:BBD)

Doma Perpetual Capital Management LLC raised its position in shares of Banco Bradesco S.A. (NYSE:BBD) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,580,430 shares of the bank’s stock after buying an additional 2,004,992 shares during the quarter. Banco Bradesco comprises 13.9% of Doma Perpetual Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Doma Perpetual Capital Management LLC’s holdings in Banco Bradesco were worth $27,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BBD. R Squared Ltd bought a new stake in Banco Bradesco in the fourth quarter worth $30,000. Traveka Wealth LLC purchased a new stake in shares of Banco Bradesco in the fourth quarter valued at $31,000. Peapack Gladstone Financial Corp lifted its holdings in shares of Banco Bradesco by 54.5% in the 4th quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank’s stock worth $32,000 after acquiring an additional 6,000 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Banco Bradesco by 78.2% during the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank’s stock valued at $38,000 after buying an additional 8,801 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in Banco Bradesco in the 4th quarter valued at $39,000.

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock opened at $2.22 on Tuesday. The firm has a market capitalization of $23.63 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 0.32 and a beta of 0.56. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The firm’s 50 day simple moving average is $2.14 and its two-hundred day simple moving average is $2.18. Banco Bradesco S.A. has a 12-month low of $1.84 and a 12-month high of $2.96.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. Analysts predict that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.0398 per share. This represents a $0.48 annualized dividend and a yield of 21.49%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, April 2nd. Banco Bradesco’s payout ratio is presently 6.67%.

Analyst Upgrades and Downgrades

BBD has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded shares of Banco Bradesco from a “buy” rating to a “sell” rating and dropped their target price for the stock from $2.40 to $2.00 in a research note on Wednesday, February 12th. HSBC upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price target on the stock in a report 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.