Traveka Wealth LLC Invests $31,000 in Banco Bradesco S.A. (NYSE:BBD)

Traveka Wealth LLC acquired a new stake in Banco Bradesco S.A. (NYSE:BBD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,423 shares of the bank’s stock, valued at approximately $31,000.

A number of other institutional investors also recently added to or reduced their stakes in BBD. Blue Trust Inc. lifted its holdings in shares of Banco Bradesco by 99.9% in the 3rd quarter. Blue Trust Inc. now owns 11,254 shares of the bank’s stock valued at $30,000 after buying an additional 5,623 shares during the period. Townsquare Capital LLC acquired a new stake in Banco Bradesco in the third quarter valued at $37,000. Insigneo Advisory Services LLC acquired a new stake in Banco Bradesco in the second quarter valued at $43,000. Eagle Bay Advisors LLC boosted its position in shares of Banco Bradesco by 110.5% during the 3rd quarter. Eagle Bay Advisors LLC now owns 20,000 shares of the bank’s stock worth $54,000 after purchasing an additional 10,500 shares in the last quarter. Finally, First Affirmative Financial Network acquired a new position in shares of Banco Bradesco during the 3rd quarter worth $66,000.

Wall Street Analysts Forecast Growth

BBD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a report on Monday, November 25th. HSBC raised Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price target on the stock in a research note on Monday. Finally, The Goldman Sachs Group dropped their price objective on Banco Bradesco from $3.20 to $2.30 and set a “buy” rating for the company in a research note on Friday.

Banco Bradesco Price Performance

Shares of NYSE BBD opened at $1.89 on Tuesday. 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 $2.11 and its 200 day moving average price is $2.41. Banco Bradesco S.A. has a 52 week low of $1.84 and a 52 week high of $3.36. The stock has a market cap of $20.06 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.32 and a beta of 0.94.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Thursday, October 31st. The bank reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $5.62 billion. As a group, research analysts forecast that Banco Bradesco S.A. will post 0.33 earnings per share for the current fiscal year.

Banco Bradesco Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be issued a $0.0031 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.97%. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

Banco Bradesco Profile

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.