Signaturefd LLC Boosts Stake in Banco Bradesco S.A. (NYSE:BBD)

Signaturefd LLC increased its stake in shares of Banco Bradesco S.A. (NYSE:BBD) by 10.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 95,701 shares of the bank’s stock after purchasing an additional 9,298 shares during the period. Signaturefd LLC’s holdings in Banco Bradesco were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BBD. Caprock Group LLC boosted its position in shares of Banco Bradesco by 9.6% during the 3rd quarter. Caprock Group LLC now owns 85,558 shares of the bank’s stock worth $244,000 after purchasing an additional 7,506 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in Banco Bradesco during the 3rd quarter worth approximately $198,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Banco Bradesco by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 522,098 shares of the bank’s stock worth $1,488,000 after buying an additional 47,239 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Banco Bradesco during the 3rd quarter worth approximately $44,000. Finally, Henry James International Management Inc. lifted its holdings in Banco Bradesco by 16.0% during the 3rd quarter. Henry James International Management Inc. now owns 156,130 shares of the bank’s stock worth $445,000 after buying an additional 21,551 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on BBD. HSBC lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Jefferies Financial Group lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, The Goldman Sachs Group upgraded shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 target price on the stock in a report on Tuesday, February 20th.

Banco Bradesco Price Performance

Shares of BBD opened at $2.65 on Friday. Banco Bradesco S.A. has a twelve month low of $2.60 and a twelve month high of $3.68. The firm’s fifty day simple moving average is $2.80 and its 200-day simple moving average is $3.03. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 6th will be issued a $0.0036 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. Banco Bradesco’s payout ratio is 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.