First Affirmative Financial Network Increases Stock Holdings in Banco Bradesco S.A. (NYSE:BBD)

First Affirmative Financial Network increased its stake in shares of Banco Bradesco S.A. (NYSE:BBD) by 82.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 45,257 shares of the bank’s stock after purchasing an additional 20,495 shares during the period. First Affirmative Financial Network’s holdings in Banco Bradesco were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of BBD. Robeco Institutional Asset Management B.V. boosted its holdings in Banco Bradesco by 4.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,032,246 shares of the bank’s stock valued at $5,792,000 after purchasing an additional 127,225 shares in the last quarter. R Squared Ltd purchased a new position in shares of Banco Bradesco in the 4th quarter valued at about $30,000. Blue Trust Inc. lifted its stake in shares of Banco Bradesco by 78.2% in the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank’s stock valued at $38,000 after purchasing an additional 8,801 shares during the period. SG Americas Securities LLC acquired a new position in Banco Bradesco during the fourth quarter worth about $68,000. Finally, Traveka Wealth LLC purchased a new position in Banco Bradesco in the fourth quarter valued at about $31,000.

Analyst Upgrades and Downgrades

BBD has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on Banco Bradesco from $3.20 to $2.30 and set a “buy” rating for the company in a report on Friday, January 10th. HSBC upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 target price for the company in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. downgraded Banco Bradesco from an “overweight” rating to a “neutral” rating in a research report on Monday, November 25th.

Banco Bradesco Price Performance

NYSE:BBD opened at $2.11 on Friday. Banco Bradesco S.A. has a 12-month low of $1.84 and a 12-month high of $3.36. The firm has a market cap of $22.40 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 0.24 and a beta of 0.94. The company’s 50-day moving average is $2.01 and its two-hundred day moving average is $2.39. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Thursday, October 31st. The bank reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $5.62 billion. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. Research analysts expect that Banco Bradesco S.A. will post 0.33 EPS for the current year.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.0031 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, February 5th. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

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.