Sapient Capital LLC Buys Shares of 29,843 Banco Bradesco S.A. (NYSE:BBD)

Sapient Capital LLC bought a new stake in Banco Bradesco S.A. (NYSE:BBD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,843 shares of the bank’s stock, valued at approximately $104,000.

Other large investors also recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its stake in shares of Banco Bradesco by 15.3% during the first quarter. Advisor Group Holdings Inc. now owns 47,036 shares of the bank’s stock valued at $325,000 after acquiring an additional 6,254 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Banco Bradesco by 38.4% during the first quarter. Bank of Montreal Can now owns 164,575 shares of the bank’s stock valued at $767,000 after acquiring an additional 45,641 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Banco Bradesco by 36.4% during the first quarter. Sequoia Financial Advisors LLC now owns 16,506 shares of the bank’s stock valued at $77,000 after acquiring an additional 4,407 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Banco Bradesco during the first quarter valued at $470,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Banco Bradesco during the first quarter valued at $57,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. The Goldman Sachs Group raised Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price objective on the stock in a research note on Tuesday, February 20th. Jefferies Financial Group downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, HSBC downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th.

Banco Bradesco Stock Down 1.9 %

NYSE BBD opened at $2.65 on Wednesday. The business’s 50-day moving average price is $2.81 and its 200 day moving average price is $3.04. Banco Bradesco S.A. has a twelve month low of $2.61 and a twelve month high of $3.68. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84.

Banco Bradesco Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 9th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.0038 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.05 annualized dividend and a yield of 1.73%. Banco Bradesco’s dividend payout ratio (DPR) is presently 14.29%.

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.