Banco Bradesco S.A. (NYSE:BBD) Shares Bought by Earnest Partners LLC

Earnest Partners LLC increased its position in Banco Bradesco S.A. (NYSE:BBD) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,680,034 shares of the bank’s stock after acquiring an additional 694,079 shares during the period. Earnest Partners LLC’s holdings in Banco Bradesco were worth $62,005,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Bessemer Group Inc. acquired a new stake in shares of Banco Bradesco in the 1st quarter worth about $5,591,000. Banco Santander S.A. increased its holdings in shares of Banco Bradesco by 348.4% in the 1st quarter. Banco Santander S.A. now owns 1,692,954 shares of the bank’s stock worth $4,842,000 after acquiring an additional 1,315,380 shares during the period. Bleakley Financial Group LLC increased its holdings in shares of Banco Bradesco by 50.6% in the 1st quarter. Bleakley Financial Group LLC now owns 69,162 shares of the bank’s stock worth $198,000 after acquiring an additional 23,243 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Banco Bradesco by 8.9% in the 1st quarter. Russell Investments Group Ltd. now owns 26,441,672 shares of the bank’s stock worth $75,623,000 after acquiring an additional 2,166,229 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in shares of Banco Bradesco by 126.1% in the 1st quarter. QRG Capital Management Inc. now owns 71,755 shares of the bank’s stock worth $205,000 after acquiring an additional 40,017 shares during the period.

Banco Bradesco Trading Up 0.7 %

Shares of BBD stock traded up $0.01 during trading hours on Monday, reaching $2.24. The stock had a trading volume of 14,931,645 shares, compared to its average volume of 17,648,963. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.54. Banco Bradesco S.A. has a twelve month low of $2.16 and a twelve month high of $3.65. The firm has a 50-day simple moving average of $2.36 and a 200-day simple moving average of $2.68.

Banco Bradesco (NYSE:BBD) last released its earnings results on Thursday, May 2nd. The bank reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $9.64 billion for the quarter. Banco Bradesco had a net margin of 6.70% and a return on equity of 9.55%. Sell-side analysts anticipate that Banco Bradesco S.A. will post 0.34 earnings per share for the current fiscal year.

Banco Bradesco Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Monday, August 5th will be paid a dividend of $0.0035 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $0.04 annualized dividend and a yield of 1.86%. Banco Bradesco’s payout ratio is 13.04%.

Banco Bradesco Company 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.